Valentino, the renowned luxury fashion house, has announced its plans to open two stores in India through a distribution agreement with Reliance Brand Limited. This partnership aims to establish a long-term physical presence for Valentino in the country, allowing the brand to tap into India’s growing luxury market. Reliance Brand Limited already collaborates with various luxury and premium brands, such as Tiffany & Co and Michael Kors, making it a fitting partner for Valentino.
The first store is set to open in Delhi later this summer, located in the DLF Emporio shopping mall. With a spacious area of 162m2, the store will showcase Valentino’s women’s collection as well as a curated selection of items for men. In the future, the brand plans to open a flagship store in Mumbai, which will offer the full range of Valentino products, including ready-to-wear, accessories, eyewear, and fragrances.
Valentino’s CEO, Jacopo Venturini, views these store openings as a significant milestone in the brand’s global strategy. He emphasizes the importance of building strong relationships between the brand, its sales force, and consumers. This approach aligns with Valentino’s Couture values, which revolve around attention to detail, creativity, and a customer-centric mindset. Venturini believes that these values, along with the brand’s human capital and teamwork, drive its evolution and contribute to its success.
By expanding its retail presence in India, Valentino is capitalizing on the country’s rapidly growing luxury market. Euromonitor International projects that India’s luxury market will reach approximately $8.5 billion by the end of the year, making it one of the fastest-growing luxury markets worldwide. Valentino aims to strengthen its foothold in this lucrative market and cater to the evolving demands of Indian consumers.
Useful links:
– Valentino Official Website: Visit the official website of Valentino to explore their latest collections and learn more about the brand’s heritage and values.
– Euromonitor International: Access Euromonitor International’s website to gain insights into the global luxury market and stay updated on industry trends and forecasts.
