French Luxury Chain Galeries Lafayette to Launch in India

Market Entry & Expansion - India's luxury retail sector is emerging, coinciding with a growing number of millionaires [1] - Gallery Laat is launching as India's first luxury department store, featuring over 200 international brands [1] - 70% of the 270+ brands are entering the Indian market for the first time [2] - Adita Burla group plans to expand the store concept to Delhi and potentially two or three other Indian markets [2] Market Characteristics & Challenges - Luxury retail in India is currently dominated by ethnic wedding wear and jewelry [2] - Gallery Lafayette will test the spending habits and cultural preferences of India's affluent consumers [2]