Global fashion retailers are rushing to India as the local consumers have developed the taste and appetite for global brands. Our retail Analyst from Bangalore had the exclusive coverage of Manisha Lamba opening Tommy Hilfiger store in Bangalore. Tommy has presence in 7 Indian cities and hopes to achieve sales of $25 million by the end of this fiscal. Tommy Hilfiger will also expand its presence to 15 cities by 2010 and has over 50 sales outlets. Mr. Shailesh Chaturvedi, CEO of Tommy Hilfiger India said,
Currently we are in the second phase of expansion. We will be having 22 points of sale by the end of this year.
Dolce & Gabbana the Italian luxury brand which has been striving hard to get an entry into the Indian retail market has finally succeeded. The company has formed a joint venture with DLF. They together will retail under two brands Dolce & Gabbana and D&G Dolce & Gabbana as a requirement to fulfill Indian retail regulations for Foreign Direct Investment.
Italian Luxury Brand Canali in India