Iconic French luxury department store Galeries Lafayette is set to open its first flagship outlet in India, becoming the latest global brand to tap into the country's booming luxury market.
The store, located in financial hub Mumbai, will open early November with plans for another one in capital Delhi.
Nicolas Houzé, the executive chairman of Galeries Lafayette Group, called the launch "a defining moment" and "a new chapter" in its international journey. The store has a presence in eight countries at the moment.
Its debut in India comes at a time when the luxury market, currently worth some $17bn (£12.6) in 2024, is projected to touch $85bn by 2030.
The 130-year-old Parisian brand has partnered with the retail arm of the Indian conglomerate, the Aditya Birla Group, for its operations.
