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India

Middle Class Is the Game Changer in Luxury Market (LVMH)

Tikka Shatrujit Singh, chief representative in Asia for French multinational LVMH (Moet Hennessy-Louis Vuitton) and advisor to the chairman of Louis Vuitton, has spearheaded the development of Louis Vuitton’s business in India. The high-end leather goods and fashion house currently has four stores in the country.

Aishwarya Gupta

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Tikka Shatrujit Singh, chief representative in Asia for French multinational LVMH (Moet Hennessy-Louis Vuitton) and advisor to the chairman of Louis Vuitton, has spearheaded the development of Louis Vuitton’s business in India. The high-end leather goods and fashion house currently has four stores in the country.

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According to Singh, affluent customers in India are very similar to, and have the same needs and wants as, wealthy customers worldwide. The real game changer in the luxury market in India, he said, is the aspiring middle class. “We have to be careful that the brand is always positioned at a level they are aspiring to reach,” Singh told India [email protected] He added that India is very strong in the premium hospitality sector and that there is a huge opportunity for players to make a mark in this space.

via In the Luxury Market, the Middle Class Is the Game Changer | sachaorloffnews.

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India, ASEAN Agree to Review FTA Scope, Address Uneven Market Access

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India

RCEP trade deal hits snag over India’s demand

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Olivier Languepin

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RCEP negotiations hit a snag as India has grown wary of an expected influx of goods from China, with which the South Asian country runs a massive trade deficit.

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India

Thailand woos Southeast Asian tourists with shopping campaign

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Boris Sullivan

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