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Bulgari eyes return to India

  • Author:Tina
  • Source:Yadao
  • Release on :2014-11-12
Bulgari is preparing to set up shop anew in New Delhi by end-November.

The luxury watch and jewellery retailer exited India in 2011 after its tie-up with a Mumbai-based company had expired.

Bulgari obtained approval from the Foreign Investment Promotion Board in July to set up a single-brand retail store through a joint venture with New Delhi-based Luxco India Retail Pvt Ltd.

The Indian luxury market stands at $14 billion, according to Boston Consulting Group, the report said.