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French luxury label Longchamp eyes India entry

By FashionUnited

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French luxury handbag maker Longchamp is

planning to enter India this year and is looking for a domestic retail partner to set up its operations, says a news report. According to sources, the over 500-million dollars (above Rs 2,600 crores) group, ranked among the top five luxury brands in the world, has plans to open at least one exclusive boutique in India by the year end.

The brand is known for its range of bags, footwear and leather accessories. The company is said to be in talks with Franchise India Holdings -- a franchise and retail solutions provider for organization -- to look for potential partners and is keen to launch at least six to eight exclusively owned boutiques in India over the next five years.

The brand is currently present in over 100 countries worldwide through 250 exclusive boutiques and 1,000 multi-brand outlets. Despite the government opening the gates for 100 percent foreign direct investment (FDI) in single brand retail, many other global brands including Longchamp are exploring a joint venture or a master franchise model in the country owing to issues like complexity of the market, lack of infrastructure and et al.
Franchise India Holdings
Longchamp