Italian luxury brand Salvatore Ferragamo is to expand its presence in India through a joint venture with real estate firm DLF Ltd.

The 51:49 joint venture, in which Ferragamo will have the largest stake, is to be called Ferragamo Retail India and intends to open at least three stores this year. Another ten stores are planned over the next five years.

Ferragamo currently has one shop in India at Mumbai's Grand Hyatt Plaza Hotel.