Home Retail S Kumars plans big on luxury roll-out

    S Kumars plans big on luxury roll-out

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    has planned a Rs 70-75 crore investment outlay for setting up outlets in association with various international luxury brands. The company has already inked agreements with Stephens Brothers in the super-premium segment, as also with luxury menswear brand Dunhill and women’s fashion and accessories brand Escada.

    , vice chairman and managing director at SKNL, said, “We believe luxury retail will boom in India in about four-six years, and we want to position ourselves to take advantage of this by leveraging our money, wherewithal and experience in this business, which has a long gestation period.”

    The company is believed to be talking to 10-12 international brands. Kasliwal affirmed, “We are in talks with Italian, French and American luxury and super-premium brands to launch accessories, shoes, crystals and apparel in exclusive monobrand stores for each partner. These brands will be signed under a licensing/franchisee partnership, but our arrangements will be exclusive in India.”