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Luxury houses eye India, but barriers remain

India, with 1.4 billion people, offers what Epinay called "a promising market, but still a complicated one."

Representative image / Courtesy: Unsplash

The globe's biggest luxury brands have dreamt of India's vast consumer base for decades, but navigating the market has proven to be a complex task.

French retailer Galeries Lafayette is the latest to try its luck, opening its first Indian store on Nov. 16: a sprawling five-floor outlet in Mumbai, the country's financial capital.

Its splashy foray into the market is getting a local boost from the fashion arm of the Aditya Birla Group, a major Indian conglomerate.

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