THERE WAS MUCH excitement on Delhi’s posh MG Road—home to some of the biggest designer brands—this September, as a new store opened its doors to the city’s discerning but affluent shoppers. While such unveilings are usually marked by a launch party where the glitterati rub shoulders over cocktails and canapés amid much fanfare, guests at this event were literally on their toes, as everyone was afraid of being the proverbial bull in a china shop! The store in question: Spanish luxury porcelain brand Lladró’s glittering new outlet, replete with stunning sculptures priced between ₹8,000 and ₹2.47 crore. Now, that’s not something you would want to trip and fall over.
Opened to celebrate the brand’s 70th anniversary, it is Lladró’s eighth store in India and the second largest in the world. Spread over 475 sq. m, it is part of the brand’s expansion strategy in India and Asia. “India is a strategic market for us. It is third in terms of global sales; the first is Japan, followed by the US. Five years ago, India was 8 per cent of our global sales; today it is 11 per cent, so it’s a big jump. I mean, we’re seeing the Indian market growing so fast,” says Ana Rodriguez, CEO of Lladró.
Lladró’s journey in India began in 2000, with its first outlet in a suburban mall in Mumbai. Now, it has stores in luxury shopping malls across India in New Delhi, Gurugram, Hyderabad, Kolkata, Mumbai, Bengaluru and Chennai. “All these are managed by us as we believe that we have to invest directly in the country,” says Rodriguez, who has been the CEO of the Valencia, Spain-based firm since 2017.
Globally, the brand has 1,200 points of sale.
This story is from the November 26, 2023 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 26, 2023 edition of Business Today India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
What The Future Holds For Amazon India
The E-commerce Giant Has Seen Steady Growth Since Its Entry Into India In 2013, But The Offline Piece Remains A Challenge. After Losing Out On The Future Retail Acquisition, How Does It Plan To Keep The Growth Engines Revving?
Time To Unshackle?
Young India Is Obsessed With Apps. But The Gateway To Them Is Closely Guarded By Two Tech Behemoths-google And Apple-who Control 99% Of The Market In India. Is It Time For India To Break Free From This Duopoly And Have Its Own App Store?
"Understand what drives key talent"
Novartis India is a part of the Basel, Switzerland-headquartered pharma major Novartis AG
MILLENNIALS MISSING HOME
SKY-HIGH PROPERTY PRICES, COUPLED WITH SLOW INCOME GROWTH, HAVE MADE THE DREAM OF OWNING A HOME A DISTANT ONE FOR MANY MILLENNIALS. THIS COULD LEAD TO STAGNATION IN SOCIAL MOBILITY AND POTENTIALLY DEEPEN EXISTING SOCIAL INEQUALITIES
SIGNATURE MOVE
SIGNATURE GLOBAL, A LEADER IN AFFORDABLE HOUSING, IS LOOKING TO GET BACK IN THE BLACK WITH A SHIFT IN FOCUS TO MID-SEGMENT AND PREMIUM HOUSING AFTER LOW-COST PROJECTS BECAME UNVIABLE FOR DEVELOPERS
MAKING A MARK
PHARMA MAJOR GLENMARK IS STRATEGICALLY PLOTTING ITS WAY UP, ALL BY SHIFTING ITS FOCUS TO BRANDED AND SPECIALITY MEDICINE AND ENSURING IT GETS ITS R&D RIGHT
DIGITAL DICHOTOMY
Where does one draw the line between protecting consumer interests and maintaining market freedom? Industry and experts are debating this even as the Digital Competition Bill seeks to rein in Big Tech firms in India, the world's second-largest internet market
"ChatGPT helped people understand the benefits of using AI"
Humane Inc. Co-founders Imran Chaudhri and Bethany Bongiorno on AI, their product, the company's vision, and more
ON THE FAST TRACK
THE DEDICATED FREIGHT CORRIDORS (DFC) NETWORK OF THE INDIAN RAILWAYS HAS STARTED ATTRACTING MORE FREIGHT PLAYERS. FROM CONNECTING MAJOR PORTS TO CRISS-CROSSING MULTIMODAL LOGISTICS PARKS, DFCS ARE SET TO BE A GAME CHANGER FOR FREIGHT SERVICES IN INDIA
WE HAVE A MODEL MADE IN INDIA, FOR INDIA, AND BY INDIA"
Manish Tiwary, Country Manager of Amazon India, on the opportunities in the country, digital, and more