“We see more luxury to come in the coming months or years, which will propel India, if not in the top three, but probably to the top five or top eight market worldwide,” Babin said.
LVMH-owned jeweler Bulgari is looking to India to mitigate the effects of faltering luxury demand in China amid an economic slowdown.
Bulgari is expanding its footprint in India to take advantage of strong growth and favorable demographics, Bulgari CEO Jean-Christophe Babin said in an interview with Bloomberg TV. The brand’s website lists 13 boutiques or official retailers in India.
