LVMH Moët Hennessy Louis Vuitton SA (LVMH)-owned Italian luxury goods firm Bulgari S.p.A is all set to re-enter India by opening a store in Delhi by the month-end as media reports have indicated. It is worth noticing that the company had withdrawn its operations from Indian market three years ago.
The company is expected to retail expensive watches and jewellery and would be targeting effluent Indians as sources have highlighted.
The brand’s re-launch comes after it received approval from the Foreign Investment Promotion Board (FIPB) in July to set up single-brand retail stores through a joint venture with New Delhi-based Luxco India Retail Pvt. Ltd.