07 September 2023, Mumbai
Sabyasachi's New Flagship Store in Mumbai
- Sabyasachi Mukherjee, a renowned Indian fashion designer, has opened a new flagship store in Mumbai.
- The store is located in a restored early 1900s building in the city's financial district.
- The store is a sign of the growing luxury market in India.
The Growth of the Indian Luxury Market
- The Indian luxury market is growing rapidly.
- By 2027, it is expected to be worth $100 billion.
- This growth is being driven by a number of factors, including:
- The rise of a wealthy middle-class
- The increasing popularity of international brands
- The government's efforts to promote tourism
Sabyasachi's Store
- The Sabyasachi store is located in a Grade IIA heritage status building.
- The building was originally built in 1913 and housed the British Bank of the Middle East.
- The store has been restored to its former glory and features neoclassical design elements.
- The store sells a variety of Sabyasachi's designs, including wedding attire, jewelry, and home decor.
The Future of Luxury Retail in India
- The opening of the Sabyasachi store is a sign of the growing importance of luxury retail in India.
- Other luxury brands, such as Dior and Hermès, have opened stores in Mumbai recently.
- The Indian luxury market is expected to grow in the coming years, and more luxury brands are likely to enter the market.
Long & short
The opening of Sabyasachi's new flagship store is a significant event in the Indian luxury market.
The store is a sign of the growing wealth and sophistication of India's middle class, and it is likely to attract even more luxury brands to the country in the years to come.
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