Luxottica Group SpA, a global leader in design, manufacturing and distribution of premium fashion and luxury eyewear, has its entry into high potential India retail market with the opening of of over 100 Sunglass Hut stores at select high-end malls and other premium retail locations across India.
Luxottica will open the stores through a landmark franchising agreement with real estate major DLF Group.
Sunglass Hut, one of Luxottica’s leading retail brands, is an eyewear chain fully dedicated to the sun segment. The first India-based store will open in November of this year.
Andrea Guerra, CEO, Luxottica Group, commented: “This is an especially important development for our group and a turning point for our business in India. On the one hand, it allows us to become from day one a key player in one of the most promising retail markets for premium and luxury brands working side-by-side with the leading real estate company in the market.”
Kelvin Coyle, CEO, DLF Retail Brands Private Limited said: “We are delighted to partner with Luxottica in this important retail initiative for India.”
“It is our intention to open two Sunglass Huts immediately in New Delhi with a view to develop the chain to 100 stores across the country,” added Coyle.
With a total of over 2,000 stores, Sunglass Hut operates worldwide with stores in north and central America, China Middle East and South Africa, Southeast Asia and the UK.