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La Rinascente
Piazza della Repubblica (Via Roma), Firenze, FI 50123 Phone: +39 055 283612About
La Rinascente (derived from Rinascita - means "rebirth" in Italian) is a Thai owned Italian retailer operating upscale department stores in the area of clothing, household and beauty products, founded in Milan in 1865 by Luigi and Ferdinando Bocconi.[1]
On May 27, 2011 Central Retail bought a 100% stake of the 150-year-old store firm for 260 million euros. "Our ultimate goal is to take it global and to be recognised all across Asia, be it in Thailand, China, Japan or Hong Kong," Chief Executive Officer Tos Chirathivat told reporters. Central Retail also planned new Rinascente stores in Italy and expected the takeover to break even within eight years.
La Rinascente was the first department store to open in Rome in 1887.[2] Currently La Rinascente owns a chain of 11 department stores located in Italian major cities: two in Rome and one in Milan, Genoa, Turin, Florence, Palermo, Catania, Cagliari, Padova and Monza. The flagship concept store is La Rinascente Milano Piazza Duomo, in Milan.
