John Smedley now in IndiaFriday, 08 January 2010
In fact, Versace, which entered India in 2006, recently opened its largest store in India, its third in the country at Delhi?s upscale Emporio Mall, the preferred destination for luxury brands. It also plans an airport store at Delhi?s new international airport, which will be the brand?s third store in the city. It is on the lookout for more locations across the country, with the next ones likely in Bangalore and Kolkata. Gupta feels the economic slowdown has not really affected luxury sales, ?Indeed, growth that was projected has not taken off but the growth which was achieved has been maintained. In the luxury market there is conscious optimism. We have good aspirations from India and we see a growing luxury clientele. The brands see India as the next future market,? Gupta adds.