Galeries Lafayette, the French luxury department store renowned for its flagship location at Boulevard Haussmann in Paris, will soon enter India.
Aditya Birla Fashion and Retail Limited (ABFRL), a part Aditya Birla Group, has entered into a strategic alliance with Galeries Lafayette to open its luxury department stores in Mumbai and Delhi. ABFRL will also run Galeries Lafayette’s dedicated e-commerce platform in India.
This is a new illustration of our ambition to reach 20 stores abroad, with a primary focus on China, Asia and Middle East by 2025, said Nicolas Houzé, CEO of Galeries Lafayette.
“We are pleased to be working with ABFRL on this project. Both of us share the same values and vision on retail. We are convinced that they are the right partner to enable us to meet the expectations of Indian customers,” the CEO of Galeries Lafayette added.
The 90,000 square feet flagship store in Mumbai is expected to be operational by 2024, while the 65,000 square feet store in Delhi, expected to be operational in 2025, will be at DLF Emporio, one of India’s largest luxury malls.
The flagship stores to be launched in Mumbai and Delhi will bring more than 200 luxury and designer brands under one roof, ABFRL said in a statement.
The partnership with Galeries Lafayette is a ringing endorsement of India’s significance as a global luxury market and a future engine of growth for luxury brands, said Ashish Dikshit, Managing Director of ABFRL.
“ABFRL’s deep understanding of the Indian landscape on the back of our portfolio of designer brands, combined with Galeries Lafayette’s global experience, will enable us to create a world-class destination for Indian consumers and global luxury brands,” Dikshit added.
Backed by personal stylists and omni-channel enabled connected shopping, the Galeries Lafayette stores will provide a 360-degree retail experience that speaks directly to customer’s needs, according to ABFRL..