The 90,000 sq. ft flagship retailer in Mumbai is anticipated to be operational by 2024. It will likely be housed throughout two historic buildings that not too long ago heralded their century on the heritage precinct of Fort, the main business and cultural hub of town. The constructing is at the moment being designed by the architectural agency Virgile & Companions, who’ve labored extensively on storied shops globally. Pike Preston is the advisor on-record for this collaboration, in response to a joint press launch by ABFRL and Galeries Lafayette.
Aditya Birla Vogue and Retail Restricted has entered right into a strategic partnership with Galeries Lafayette, recognized for its flagship location at Boulevard Haussmann in Paris, to open luxurious shops and a devoted e-commerce platform in India. The flagship shops in Mumbai and Delhi will carry greater than 200 luxurious and designer manufacturers beneath one roof.
The 65,000 sq. ft retailer in Delhi, anticipated to be operational in 2025, can be at DLF Emporio, considered one of India’s largest luxurious malls. Galeries Lafayette, Delhi will complement the present providing on the mall with a set of younger, thrilling designer manufacturers throughout a number of classes.
“This can be a coming-of-age second for Indian luxurious. India is now residence to a technology of younger and prosperous customers with international publicity, who’re prepared to spend on the finer issues in life. That is seen within the increase and dynamism of the luxurious market. The partnership with Galeries Lafayette is a ringing endorsement of India’s significance as a world luxurious market and a future engine of development for luxurious manufacturers. Aditya Birla Vogue and Retail’s deep and nuanced understanding of the Indian panorama on the again of our portfolio of designer manufacturers, mixed with Galeries Lafayette’s international expertise, will allow us to create a world-class vacation spot for Indian customers and international luxurious manufacturers,” mentioned Ashish Dikshit, managing director, Aditya Birla Vogue and Retail Restricted, concerning the partnership.
“We’re proud to develop our worldwide footprint in such a prestigious and refined market as India, the place we imagine our model can profit from a powerful potential. It is usually a brand new illustration of our ambition to achieve 20 shops overseas, with a major concentrate on China, Asia, and the Center East by 2025. We’re very happy to be working with Aditya Birla Group on this challenge, with whom we share the identical values and imaginative and prescient on retail, and are satisfied that they’re the correct companion to allow us to fulfill the expectations of Indian prospects,” mentioned Nicolas Houzé, CEO, Galeries Lafayette and BHV Marais, relating to the announcement.
Galeries Lafayette’s expertise in design and proposition round leisure, expertise, and engagement can be dropped at life by installations, pop ups, modern occasions, and meals and beverage explorations. Backed by private stylists and omni-channel enabled related buying, the shops will present a 360-degree retail expertise that speaks on to prospects’ wants.
Fibre2Fashion Information Desk (NB)