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Foreign luxury brands flock to...

In anticipation of the upcoming festive...

Foreign luxury brands flock to India ahead of festive season; big labels look to tap into growing affluence of Indians

In anticipation of the upcoming festive season, more than a dozen luxury consumer goods brands are making their entry into India. Their aim is to tap into the growing affluence of Indians with higher incomes, resulting in increased discretionary spending even in smaller towns, an ET report said. This trend is propelled by factors such as heightened exposure to global trends, a younger demographic showing interest in luxury products, and the post-pandemic economic upswing.The influx of new brands includes Swiss luxury chocolate maker Laderach, which recently inaugurated its...

Foreign luxury brands...

In anticipation of the upcoming festive season, more than a dozen luxury consumer goods brands are making their entry into India. Their aim...