French luxury leather goods brand Longchamp is mulling over expanding its reach in India by opening of six stores in the coming 3-4 years in the country.
“We arrived late in India as it took us time to find the right partner and also it was difficult to find good store locations since the options were limited. In future we may look at more stores in Mumbai, Chennai or Bengaluru,” Jean Cassegrain, CEO, Longchamp told a leading Indian daily, adding, “We have kept the price points in India competitive to markets like Singapore and Dubai, that will be 20 per cent higher than in Europe, reasonable looking at the duties.”
Also Read – French luxury label to enter Indian market
The luxury brand, famous for its signature leather handbags, luggage, shoes and other accessories, owns more than 300 exclusive stores globally and retails from 1,500 different points of sale supported by a workforce of around 3,000. The company reported that its revenue grew 15 per cent in Asia while, Asian market contributed 25 per cent to overall sales last year.
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