Sunglass Hut, one of Luxottica’s retail brands, has entered Indian retail market with the launch of its maiden store in national capital. Further, the Italian eyewear chain also plans to launch 100 exclusive outlets by 2015. The company would open the stores through its franchising agreement with Delhi-based real estate major DLF Group.
“We started with the first store in Delhi this week with a Christmas theme and plan to have at least 100 exclusive outlets by the end of 2015. Our stores would have an average area of 700-800 square feet, we are first seeking the metros and tier I cities and then we will look into the smaller cities,” said Pradeep Bhanot, India brand head, Sunglass Hut.
Sunglass Hut offers 24 international brands including Versace, Bulgari, Burberry, Prada, Tiffany, Persol, Revo and Salvatore Ferragamo. Concluded Bhanot, “There are brands like Tiffany and Persol which will be introduced for the first time in the Indian market. Our sunglasses will have a price range of Rs 2,600 to Rs 50,000.”
— IndiaRetailing Bureau