Jewelery retailer Goldas plans overseas expansion

28 Mar '06

2 min read

The Made in Italy brand is recognized and appreciated in the U.S, one of world's biggest jewelry consumers.

Goldas plans to focus on Russia, China and the Middle East.

Wholesale margins are facing a crunch due to overvalued Turkish lira, higher labor costs, inflation and a lower dollar.

The shift to retail side will offer better returns and products can be sold in our own name.

Goldas along with other jewelers need to compete on cost basis as well as raise quality of their products.

Stores in Istanbul were stylish and slick, offering a wide range of modern and more traditional Eastern-style jewelry.

Binatli said Turkish consumers have started to consider gold as safe investment instead of an adornment.

More Goldas News... More Fashion News - Turkey...

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Jewelery retailer Goldas plans overseas expansion

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