The Future of Luxury Retail in India

07 September 2023, Mumbai

Sabyasachi's New Flagship Store in Mumbai

• Sabyasachi Mukherjee, a renowned Indian fashion designer, has opened a new flagship store in Mumbai.
• The store is located in a restored early 1900s building in the city's financial district.
• The store is a sign of the growing luxury market in India.

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The Growth of the Indian Luxury Market

• The Indian luxury market is growing rapidly.
• By 2027, it is expected to be worth $100 billion.
• This growth is being driven by a number of factors, including:
• The rise of a wealthy middle-class
• The increasing popularity of international brands
• The government's efforts to promote tourism

Sabyasachi's Store

• The Sabyasachi store is located in a Grade IIA heritage status building.
• The building was originally built in 1913 and housed the British Bank of the Middle East.
• The store has been restored to its former glory and features neoclassical design elements.
• The store sells a variety of Sabyasachi's designs, including wedding attire, jewelry, and home decor.

The Future of Luxury Retail in India

• The opening of the Sabyasachi store is a sign of the growing importance of luxury retail in India.
• Other luxury brands, such as Dior and Hermès, have opened stores in Mumbai recently.
• The Indian luxury market is expected to grow in the coming years, and more luxury brands are likely to enter the market.

Long & short

The opening of Sabyasachi's new flagship store is a significant event in the Indian luxury market. 

The store is a sign of the growing wealth and sophistication of India's middle class, and it is likely to attract even more luxury brands to the country in the years to come.

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