Galeries Lafayette, Aditya Birla Fashion goal on Indian Luxe Shopper

Copyright © HT Digital Streams Limit all rights reserved. Uber Luxury Shopping in India: Aditya Birla Fashion brings the Galeries Lafayette from Paris to Mumbai Soumya Gupta 5 min Read 15 Oct 2025, 08:00 IST buyers at Delhi’s DLF Emporio, the first luxury Mall (Pradep Gaur), the first luxury Mall (Pradep Gaur), India, the Lafay fashion, the opening of the India foreigner, Lafayette Open iconic luxury department store chain from Paris, in Mumbai, with another shop planned in Delhi. Top managers say India will be a bright place in an otherwise delayed global market for personal luxury goods. More than three years after the partnership was announced, Aditya Birla Fashion and Retail will open the first Indian outpost of Galeries Lafayette, the iconic Parisian luxury department store chain. The High Street Shopping Store brand, spread over two buildings and five floors in the South Mumbai’s Fort area, offers more than 250 international luxury brands, two thirds of which come to India for the first time. The store is expected to open its doors to buyer in November. Apart from top brands from Europe such as Dior and Chanel, Galeries Lafayette will sell well -known luxury brands from Japan and Korea, including Commes Des Garçons (Tokyo) and Joseon Beauty (Seoul). The Parisian brand Hermès, which also has a standalone shop in Fort, Mumbai, will also sell its beauty products at Galeries Lafayette. Galeries Lafayette and Aditya Birla -Mode bet on rising demand for personal luxury goods in India as the country coin more dollar millionaires. India added $ 2024 $ 39,000 millionaires that recorded the total to 917,000, according to the Swiss bank UBS’s World Wide Wealth Report, 2025. International Galeries Lafayette’s competition Harrods of London, Bergdorf Goodman in the USA, and Printemps, France, which is not one present in India. India an important Mark Galeries Lafayette gets 37 million visitors a year in our Paris store, and half is international, CEO Arthur Lemoine told Mint in an interview. “Obviously, we already see many Indians there. We know that India is an important and strategic market. Indian customers can buy abroad in Dubai, Singapore and Paris. But they also ask to consume locally. ‘ Brokerage firm Kotak Securities in May said that the luxury market of India has grown to $ 17.67 billion in 2024 and will amount to $ 85 billion by 2030. Much of this growth, to be sure, comes from spending on jewelry, especially during the marriage season, while selling luxury cars is also a fast -growing segment. Galeries Lafayette will also open a store in Delhi, although the timeline is unclear. Since global luxury brands spread their retail footprint, Indians initially only had access to them, said Ashish Dikshit, managing director of Aditya Birla Fashion. “But especially in the past 5-7 years, Indians have been more confident and have begun to make more discovery, investigate more brands and seek emerging labels and designers.” To capture the demand of upward mobile Indian consumers, Mumbai’s Galeries Lafayette was designed to offer a ‘luxury’ ladder, Rathyajit, CEO of International Brands for Aditya Birla Fashion, noted. For example, one floor of the Mumbai store is dedicated to bags and the basement to cosmetics and beauty products categories in which most Indians make their first luxury purchase. The ‘sweet spot’ for these luxury purchases at the entry level could include a £ 3,000 Chanel-Lipstick or a small luxury branded bag worth £ 20-30,000. Other offers for those flirting with luxury shopping include a floor dedicated to unisex-striking and street clothing fashion with brands such as Commes des Garçons and Les Yeux, where buyers can pick up a T-shirt for £ 5-6,000 and some jeans starting £ 10,000 per pair. Global Luxe delayed while Reliance Industries Ltd’s Reliance Brands dominated the business to franchize foreign luxury brands in India, Aditya Birla Fashion has introduced the business. In fiscal 2025, the Reliance Company reported revenue from £ 2,337 crore operations, with 3.3% year on year. The luxury division of Aditya Birla Fashion crossed a £ 500 crore in FY25, according to its annual report. This section contains the multi-brand shop chain The Collective, along with franchises for the luxury brands of Westernwear Ralph Lauren, Fred Perry and Ted Baker. In 2021, the company acquired a controlling stake in the luxury label Sabyasachi for almost £ 400 crore, with another agreement for a controlling stake in the competitive luxury label Tarun Tahiliani in 2024. A year later, the company also acquired a controlling stake in designer Masaba for £ 90 crore. The world market for luxury has slowed down drastically since 2023 after years of growth more due to increased prices rather than sales volumes, consultant firm McKinsey said in a January report. Economic slowdown in Europe and China has hit sales for luxury biggies such as LVMH and Kering. (This week, however, LVMH reported a 1% sales for the September Quarter.) In this scenario, India has emerged as a bright place for luxury brands and retailers looking for a new, eager customer base to sell. Anand Ramanathan, partner of the consumer industry at the consultant firm Deloitte, told Mint: “The real challenge in India is luxury offer, not demand,” said Anand Ramanathan, partner of the consumer industry at the consultant firm Deloitte. ‘Indians are already going abroad to buy. But luxury brands coming to India need an ecosystem – the right location, parking space, mall. There is not enough of the ecosystem in India yet. ‘ He pointed out that, although DLF Emporio became luxury shopping in Delhi and Phoenix Palladium and Jio World Plaza in Mumbai, there is much more demand for luxury shopping in the top five to seven cities in India. For the time being, customers in these places should have to do with smaller outlets in five -star hotels or abroad. Besides, Ramanathan added, some shopping malls such as the Phoenix Mall or Asia in Bengaluru that were initially placed as a luxury destination have over time changed to non-luxurious brands due to slow matters. 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