After opening the store in New Delhi, Italian premium leather upholstery player Natuzzi Spa is all geared up to open two more stores in Hyderabad by March end. The company is aiming at becoming the leading player in the home décor & furnishing market in the country.
It is planning to launch around 12 stores pan India by 2011 through the franchise route and the investment would be made from them. The average cost to open the store is around Euro 5, 000.
South India is a strategic market, and the company wants to open stores in Bangalore, Hyderabad, Chennai, Kochi, Coimbatore. The distribution format mainly would be B2B and B2C.