Paris-based luxurious handbag brand, Longchamp, is outlining its plans to enter India this year, and researching in full swing for a local retail partner to set up its operations. The over $500-million group, which is ranked among the top five luxury brands in the world, is looking at opening at least one exclusive boutique in India by the end of this year, a person familiar with the development.
The brand is known globally for its stylish collections of bags, footwear and leather accessories, is planning to visit India in February this year to explore the market, according to the reports.
Globally, the Paris-based group competes with high-end brands such as Prada, Gucci, Armani and Coach. While Armani and Guare present though their brand outlets at Delhi’s DLF Emporio and in Mumbai, sources said Italian luxury brand Prada too is currently holding talks with several retail majors to open its stores in India.