Aditya Birla Fashion to open Galeries Lafayette stores in India
Ties up with leading French department store player; Will set up flagship stores with over 200 luxury and designer brands under one roof in Mumbai and Delhi
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New Delhi: Aditya Birla Fashion and Retail Ltd (ABFRL) on Thursday announced a strategic partnership with leading French department store player Galeries Lafayette, to open luxury department stores and a dedicated e-commerce platform in India.
Their flagship stores in Mumbai and Delhi will have more than 200 luxury and designer brands under one roof, said a joint statement. The 90,000 square feet flagship store in Mumbai is expected to be operational by 2024. While 65,000 square feet of store in Delhi is expected to be operational in 2025, it added. "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," ABFRL Managing Director Ashish Dikshit said. Galeries Lafayette, which has been in fashion and experienced marketing for 125 years, has a network of 65 stores in France and abroad. The Galeries Lafayette brand covers a range of segments taking in fashion and accessories, decoration, food and catering.
