India, Galeries Lafayette’s new playground

The French department store chain will open its first store in India in Mumbai at the end of November. The economic and cultural capital was chosen for its large number of wealthy residents. Galeries Lafayette plans to open a second store on the Asian peninsula in New Delhi in 2027.

Galeries Lafayette continues its global expansion.

On October 15, the French department store chain opened its first store in India, a promising market for luxury goods, in Mumbai (formerly Bombay, editor’s note).

Partnership with ABFRL

This entry into the Asian peninsula is based on a partnership, established in 2022, with Aditya Birla Fashion and Retail Ltd. (ABFRL). This giant Indian conglomerate specializing in fashion, with a consolidated market capitalization of over $112 billion, is owned and chaired by Kumar Mangalam Birla. Birla’s fortune is one of the top five in India. Suffice to say that he knows the luxury sector well…

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Read also > L’Oréal aims to double its business in India

Featured photo: © Galeries Lafayette