the slowdown in China, better economic growth and retail facilities here and the possibilities of an omni channel strategy are some of the factors leading these brands to launch in India.
Valentino an Italian fashion house is all set to explore the Indian market, adding one more in the list of international fashion brands that recently ventured in the country to tap buoyant consumer sentiment. In order to make its launch successful, Valentino is not leaving any stone unturned. As per the source, the brand is making a positive move to partner with IDFS Trading and it is in final talks with DLF Luxury Retail for its retail presence in the country.
Though the email sent to the fashion house didn’t elicit any response, but speculations of the market suggest that brand is in the final stage of its launch. Over the past few months, brands like French luxury leather goods maker Longchamp, Italian bespoke menswear brand Isaia, and Swiss watch brand Bovet have been launched in India.
Sharing his thoughts on the development, Arvind Singhal, Chairman, Technopak Advisors opined that the slowdown in China, better economic growth and retail facilities here and the possibilities of an omni channel strategy are some of the factors leading these brands to launch in India.
Adding further, he stated that while the biggest luxury brands like Louis Vuitton, Gucci and Chanel have been present here for a while, as the market matures, the other niche tier II luxury brands are warming up to the possibilities here.