The Aditya Birla Group and Galeries Lafayette collaborate to launch upscale department shops in India
- ByStartupStory | November 19, 2022
According to a news release issued by the companies on Thursday, Aditya Birla Fashion and Retail Limited will open flagship stores for Galeries Lafayette in Mumbai and Delhi that will sell more than 200 luxury and designer brands. A 90,000-square-foot flagship shop will be open in Mumbai by 2024. Virgile & Partners, an architectural firm, is currently designing the structure.
“This is a coming-of-age moment for Indian luxury,” said Aditya Birla Fashion and Retail Limited’s managing director Ashish Dikshit in a press release. “India is now home to a generation of young and affluent consumers with global exposure who are willing to spend on the finer things in life. This is visible in the boom and dynamism of the luxury market. The partnership with Galeries Lafayette is a ringing endorsement of India’s significance as a global luxury market and a future engine of growth for luxury brands. Aditya Birla Fashion and Retail’s deep and nuanced understanding of the Indian landscape on the back of our portfolio of designer brands, combined with Galeries Lafayette’s global experience, will enable us to create a world-class destination for Indian consumers and global luxury brands”
By 2025, a Galeries Lafayette will debut in New Delhi, following the one in Mumbai. The department store will be housed inside the opulent DLF Emporio shopping center.
“We are proud to expand our international footprint in such a prestigious and refined market as India, where we believe our brand can benefit from strong potential,” said Galeries Lafayette and BHV Marais’ CEO Nicolas Houzé. “It is also a new illustration of our ambition to reach 20 stores abroad, with a primary focus on China, Asia, and the Middle East by 2025. We are very pleased to be working with Aditya Birla Group on this project, with whom we share the same values and vision on retail, and are convinced that they are the right partner to enable us to meet the expectations of Indian customers.”
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