We had covered earlier, the fast-expanding luxury segment in India and the opening up of the retail sector in India. In a clear confluence of two trends, Luxury retailers maybe the first ones to move in, taking advantage of the new regulations that allow single retailers majority ownership of the venture. Salvatore Ferragamo and Gianni Versace are some of the big names that are set to start this year.
<Via NRF Smartbrief>
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