As per a report in Business Standard, Italian luxury goods company Bulgari has made a proposal to the Centre for setting up single-brand stores in India. This would be the groupís second entry into the Indian market. In April 2011, it had exited India, after terminating a seven-year partnership with Lifestyle Tradelinks India, a sister concern of Mumbai-based Dia Group. At that time, it had a couple of stores in Delhi and Mumbai.
The Euro 1-billion Bulgari is owned by French firm LVMH. Traditionally, Bulgari is known for jewelry. But now, it has diversified into a range of products, including watches, accessories, fragrances and even hotels.
Of Bulgariís 295 stores worldwide, 174 are owned by the group. Asia accounts for most of the companyís revenue (45.5 %), followed by Europe (34.8 %) and the US (13 %).