Retail News Newsletter Columns Retail Jobs Dictionary Directory Calendar Policies Retail Edge Footprint

Home PageContact Us

Richemont to enter India's luxury retail market
Posted On: 17-01-2014 00:00:00 14

Luxury goods group Richemont, whose stable of brands includes jewelers Cartier and Van Cleef & Arpels, has applied to open shops in India as a “single brand” retailer for an initial investment of $5 million.

In the single brand sector, India allows 100 % foreign direct investment on condition that a third of materials used in products is sourced locally. Richemont said it planned to meet India's 30 % sourcing requirement through the purchase of polished diamonds for the group as a whole using its India-based entity. Richemont's proposal will now be examined by the department of industry, and if approved, would then be submitted to India's Foreign Investment Promotion Board for final approval.

 
 
 

SocialTwist Tell-a-Friend

 

Want more stories delivered to your inbox?
Please sign up here for our free newsletter.

 
retail india Related News retail industry india
retail news videos on retail industries
Saks Fifth Avenue planning India stores, in talks with Aditya Birla Fashion
Jewellers strike against imposition of 1% excise in budget
DLF to launch “The Chankakya” – a new luxury property in Delhi
Italian luxury brand Kiton to launch in India
Kalyan Jewelers to open 7 shops in UAE
retail stores
retail policies
retail suppliers retail classes retail news
retail policies retail news retail india
retail training Current Newsletter retail industry
retail suppliers retail industry growth retail slowdown
retail policies retail news retail india
retail training (FY 2015 - 16) 3rd Quarter Results retail industry
retail suppliers retail industry growth retail slowdown
retail policies retail news retail india
retail training Search News retail industry
retail suppliers retail industry growth retail slowdown
latest retail news in your mail

retail industry



 
retail news
About Retail Angle   |  The Team  |  User Agreement   |  Privacy Policy  |  Advertise with Us  |  Feedback  |  Site Map  |  Contact us 
retail industry

indian retail