Galeries Lafayette targets booming Indian market - why experts warn sales may stay subdued

Galeries Lafayette has launched its first Indian store in Mumbai, aiming to capture the nation's vast consumer market. Despite the promising growth of India's luxury sector, global brands face significant hurdles including high import duties, complex bureaucracy, and strong competition from local designers, necessitating cultural adaptation for success.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/sHqvRSp
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