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Is India the Next Frontier for Luxury Department Stores?

Industry leaders are divided on whether Galeries Lafayette’s expansion into India will spur other luxury department stores to enter the rapidly growing market.
Galeries Lafayette Bombay
A rendering of the new branch of Galeries Lafayette department store set to open Mumbai, India in 2024. (Galeries Lafayette)
By
BoF PROFESSIONAL

Galeries Lafayette will make history as the first European department store of its kind to enter India next year with a branch in Mumbai. Showcasing more than 200 international and local brands across fashion, lifestyle and food, the new venture, in partnership with local group Aditya Birla Fashion and Retail Limited (ABFRL), aims to fill some of the white space in the luxury department store sector.

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About the author
Arnika Thakur

Arnika Thakur is a contributing writer at The Business of Fashion. Based in New Delhi, India, she is an independent journalist and writer who covers a range of topics including luxury, fashion, beauty, finance and hospitality.

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