DLF coming out from luxury brand business
DLF earlier closed their deals with Giorgio Armani, now planned to separate itself from the partnership program with Italian luxury brand Salvatore Ferragamo.
DLF is now planning to move out from luxury business and wants to focus on premium and bridge-to-luxury fashion brands.
As the cost of retail real estate in India is very high, it’s getting tougher to gain from the luxury retailers in the country.
The set up cost differs a lot in Indian real estate market. It is analyzed that it costs Rs 8-10 crore to set up a luxury store while a store for a premium brand can be made for Rs 70-80 lakh.
More related stories:
Ozone Urbana to transform Bangalore into new city
Builders aiming to buy DLF land
Source: Economic Times
DLF, Indian real estate, luxury business, luxury retailers, luxury store, retail real estate in India
[...] DLF coming out from luxury brand business [...]