Business of Fashion quotes IADS on luxury department stores entering India

Business of Fashion quoted IADS on India becoming the latest overseas market for department stores from Europe and the US to consider after opening in other countries in Asia and in the Middle East. 

Galeries Lafayette announced its expansion in partnership with local group Aditya Birla Fashion and Retail Limited (ABFRL), to enter India next year with a brand in Mumbai, making Galeries Lafayette the first European department store of its kind to enter India. Early movers, like Galeries Lafayette, are encouraged by the growing footprint of Indian multi-brand retailers and under-penetration of global brands’ mono-brand store networks. 

IADS’ GM, Selvane Mohandas du Ménil described the advantage of being an early mover, stating “If [Galeries Lafayette] proves that they were right in doing so, that will create some interest from other department stores.” 

IADS was also quoted on the risk level of department stores entering overseas markets, and more. 

Read the article below: