Salvatore Ferragamo has signed a joint venture with India’s largest real estate company, DLF, for its expansion in the subcontinent. Ferragamo opened its first store in India in Mumbai in 2006 and is planning to open five more by 2010 to take a profitable share in India’s luxury goods market, estimated to be worth $3.5 billion a year. The next openings are slated for Delhi and Bangalore, plus another one in Mumbai. While Ferragamo’s first store in Mumbai is situated in the Grand Hyatt hotel, the second will probably be in a new mall called the Emporio being built by DLF. The Emporio is already being dubbed as a high-end mall for luxury brands, including Louis Vuitton, Armani, Versace, Dolce & Gabbana and Escada.