Luxury sector: Galeries Lafayette targets booming Indian market - why experts warn sales may stay subdued
Galeries Lafayette has launched its first Indian store in Mumbai, aiming to capture the nation's vast consumer market. Despite the promising growth of India's luxury sector, global brands face significant hurdles including high import duties, complex bureaucracy, and strong competition from local designers, necessitating cultural adaptation for success.
Galeries Lafayette has launched its first Indian store in Mumbai, aiming to capture the nation's vast consumer market. Despite the promising growth of India's luxury sector, global brands face significant hurdles including high import duties, complex bureaucracy, and strong competition from local designers, necessitating cultural adaptation for success.
