Click to play videoMumbai: India's 36 billionaires and over 1 lakh high net worth individuals might queue up in south Mumbai in about a week.
It is because the world's largest selling Italian luxury brand, Gucci, is about to move into a swanky flagship store there.
Gucci will set up its flagship store for India. The Murjani Group will bring to India, Gucci, which AC Nielsen has rated as India's most desirable brand.
“In the luxury space we have Gucci, Jimmy Choo and La Perla. India's fascination for luxury is only growing,” says MD, Murjani Group, Vijay Murjani.
Luxury brands are growing popular in India because of India's unprecedented economic growth in the past few years.
The Murjanis have already brought to India premium brands including Tommy Hilfiger, Calvin Klien and FCUK but they are in no hurry to expand geographically.
“It is not important to have the most number of stores in luxury. It is important to have the best stores,” says Murjani.
So a 3,000 square foot space that looks like a construction site, will transform itself into a one of its kind luxury destination with Gucci, and the luxury retail market in India will finally start a new chapter.
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