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Retail

Demand for luxury products to come from Tier II and III cities

Indians are waking up to luxury products with the entry of major luxury brands like Valentino (set to enter soon), Coach and Longchamp (already here). However, it accounts for only 1.5 percent of the global luxury trade, catering to a mere 4-6 percent of its population. What is interesting to note is that the luxury market in India is all set to...

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