According to English Xinhuanet, the Italian fashion retail giant RDM has announced this week that it will invest $910 million to set up five Italian-style luxury outlet centers in China under the brand name of "Florentia Village." The first "Florentia Village" will open May 19 in Tianjin. The outlet center covering 60,000 square meters will offer an average 50-70 percent off domestic retail prices for luxury brands such as Giorgio Armani and Burberry. The shopping village, which resembles a 16th century Italian town, will feature nearly 200 world-renowned brand name stores with authentic merchandise. The company did not unveil details of its future outlets in China
