| Spar International, the global symbol retailer, has confirmed the plans of its local venture in India to open 25 stores in the country by 2012. The retailer, which formed its current venture in India three years ago, is set to open its fourth store in the country next week. | |
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| Italian fashion house Versace will soon have its first standalone Versace home-line store at the Indira Gandhi International Airport. Blues Clothing Company (BCC), the franchisee of Versace, signed a deal with the airport officials early this month. | |
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Val Saint Lambert (VSL), which exported more than three quarters of its products to the palaces and mansions of the wealthy around the world, was bought over in 2008 by the Onclin family and is now looking to revive its old links with India. Towards the end of March, VSL's CEO will spend ten days in India. To begin with, the company will be looking for retailers to partner with in Mumbai.
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Titan Industries is fortifying its presence abroad, especially in the south-east Asian markets. While the company's Rs 1,000-crore watch division made its foreign debut a few years ago, it is only now that it is being given a strong push outside India, mainly south-east Asia (including Singapore, Malaysia, Thailand, Vietnam, Philippines).
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Popular menswear brand Cambridge Apparels is planning to diversify into the women's formal wear segment. That's not all. Cambridge is also expanding its store-network and pushing its new brand, Platinia across India. "We are making a foray into women's formal wear and the collection will be called 'Cambridge for Her'," said Prashant I Bhatia, Director, Cambridge Apparels.
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| Reliance Trends, the apparel, luggage and accessories arm of the Reliance Retail Group, has opened its first store at Thane at Korum Mall. Recently, Reliance Trends announced its major expansion plan to open 100 stores by 2012 when it launched its first store at Chennai. | |
The luxury products market in IndiaBusiness Standard The market opportunity for luxury products in India is estimated at $3 billion. This market is expected to grow at 25-30 per cent a year till 2015. A number of high-end international brands (such as Armani, Noraletto, Raymond Wiel and Burberry) have entered the Indian market through joint ventures with Indian retail players. | |
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