
Prada to Miu Miu and Kiton: A dozen global luxury brands ready to open Inda shop
India is rapidly emerging as the next frontier for global luxury, with nearly a dozen top brands from fashion houses to tech and fragrance planning partnerships and standalone stores in the country. After years of waiting, the likes of Prada, Miu Miu, Max Mara, and Bang & Olufsen have set their sights on the subcontinent, multiple industry executives said.
Among other top names eyeing India are Italian fashion brands Prada and Miu Miu, women's wear specialist Max Mara, and menswear labels Pal Zileri and Kiton. French apparel brands Casablanca and Marini Clothing, perfume brand Maison Francis Kurkdjian (MFK) crystal-makers Daum and Lalique are also readying for launch.
Meanwhile, Danish audio icon Bang & Olufsen is looking to re-enter the country, after exiting in 2022. And in a Bfirst for the country, Chanel will open an invitation-only Haute Couture salon at Delhi's The Chanakya mall this year.
Some of these launches are in early discussions, while others are well underway. Either way, the signal is clear: the world's biggest luxury names are no longer on the fence about India. The interest marks a shift among brands that have historically focused on Europe, North America and the Middle East, towards a market that consultant Bain expects to cross $85 billion by 2030.
Also read | Inside India's hush-hush hype luxury economy where sneakers cost more than gold
Mint reached out to these brands, but did not receive any response till press time. A Chanel representative said the brand is expanding its presence at Delhi's The Chanakya mall, adding it will be a ready-to-wear salon, and that its exclusive Haute Couture salons remain limited to Rue Cambon in Paris.
According to Pushpa Bector, senior executive director and business head of DLF Retail, India's luxury market has become much more formalized over the last few years, and consumption is growing steadily as more Indians purchase luxury locally. DLF Retail owns The Chanakya, a luxury shopping and lifestyle destination in Delhi.
'Luxury purchases are about celebration, pampering and the experience of buying — especially in India. We're still early in the journey here in India where logos and visible brand cues matter to shoppers. The market is now at an inflection point," Bector said.
Last year saw the India debut of top brands like shoe and accessories brand Aquazzura, perfume makers Diptyque and Baccarat, shoe brand Golden Goose and fashion brand Amiri, many of them opening around the festive season.
Read this | IHG sees potential for new luxury brands in India; to launch new mid market hotel brand by year-end
For a market long dominated by a handful of global names, the interest signals a broadening of the luxury landscape—one that now includes design-led brands rooted in tailoring, heritage craftsmanship and niche appeal. Last month, Mint reported that bridge-to-luxury brand Eleventy Milano has also opened its first store in India in Delhi's The Lodhi Hotel with its local partner DS Group's DS Luxury.
English tableware and home accessories brand Thomas Goode has opened in Delhi's The Oberoi Hotel, and has plans to open another store in Mumbai in the next few years. This could then be followed by Hyderabad, another hotspot for luxury. The company is already receiving bespoke lifestyle orders.
Thomas Goode's country director Reshma Khattar Bhagat said: "Unlike some years ago, the luxury market in India now on a strong upward trajectory with a lot of focus on the art of living. A growing number of Indians are quite comfortable spending between a few lakhs to several lakhs on dinnerware and tableware, and vases worth ₹20 lakh," she said.
Many of these names are unfamiliar in the Indian marketplace, but their arrival promises to shake up a space long ruled by a few well-known players.
Also read | Ticking up: Hublot CEO on India's growing appetite for luxury watches
'Within luxury, jewellery, accessories and timepieces are seeing strong traction for us, and consumers are increasingly investing in personalized luxury experiences," said Uzma Irfan, director of UB City and Prestige Group malls in Bengaluru, which host luxury brands like Louis Vuitton, Rolex, Burberry, Canali and others. 'Even as many are travelling abroad this summer, we're seeing a growing preference for buying luxury goods locally—simply because it's more convenient when there's a store in their own city. Markets like Hyderabad are also coming into their own, becoming the 'Delhi of the South' for luxury shopping," she added.
While luxury remains selective, with many global brands still opting for a few marquee stores, the interest in consumption is clearly here to stay, Irfan said.
India's luxury market may still be small compared to global heavyweights, but it is rapidly evolving. As demand grows beyond major metros, more consumers are looking for unique, international experiences, prompting global brands to spot new opportunities in the country.
In Delhi, Bharti Group is developing Worldmark Aerocity, which is likely to be the country's largest mall. Mumbai is preparing for upscale projects like Oberoi Realty's Three Sixty West in Worli and expansions by the Palladium group. Bengaluru, Hyderabad, and other metros are seeing similar momentum, pointing to a broader push for premium retail infrastructure.
And read | Following a sluggish summer shopping period, luxury companies pin their hopes on winter and wedding shopping

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
19 minutes ago
- Time of India
Fintech startup Aspora secures $53 million in Series B
Aspora , a fintech company committed to reimagining banking for immigrants, has announced the successful raise of $53 million in Series B funding , co-led by Sequoia and Greylock, with Quantum Light Ventures also contributing to the round. Existing investors include Hummingbird Ventures, Soma Capital, Global Founders Capital and Y Combinator. Previously, known as Vance, the company is building financial solutions tailored for global diasporas—starting with non-resident Indians (NRIs), who represent just 1% of India's population but contribute significantly to its economy. This fundraise marks a major milestone in Aspora's mission to transform cross-border banking. Emphasising on the fundraise, Parth Garg, Founder and CEO, Aspora, said in a statement, 'The latest fundraise allows us to accelerate our mission of building a truly global financial ecosystem for diaspora communities. We're just getting started—our users deserve modern financial infrastructure that works across borders.' Aspora was founded in 2022 by Parth Garg, who made the bold decision to drop out of Stanford University to build the company. Parth was born in India and spent his formative years in both India and Abu Dhabi. Drawing from personal experiences navigating financial systems across borders, Parth set out to address the unique challenges faced by global Indians. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo Today, Aspora serves 250,000 users, helping them remit money to India with ease. The company's core user base is currently in the UAE. In the past six months alone, Aspora's transaction volume has surged from $400 million to over $2 billion. During the same period, users have collectively saved over $15 million in fees—savings that would have otherwise gone to traditional providers. Aspora guarantees users exchange rates identical to those displayed on Google and charges zero fees on transfers made from the UAE (fees do apply in other regions). The company currently operates in the UK, the UAE, and across the EU region. It is now preparing to launch in the United States this July, followed by planned expansions into Canada, Australia, and Singapore by the end of the year. Aspora is also building a suite of new products to help users bank seamlessly across multiple countries, invest in diverse asset classes, and access credit and insurance services across borders—further strengthening its vision to support the evolving financial needs of global announcement marks the culmination of three rounds of funding raised over the past six months to the tune of $93 million: Live Events Seed extension ($5M) - September 2024 led by Hummingbird Ventures (existing investors) Series A ($35M) - December 2024 led by Sequoia Capital with participation from Greylock Series B ($53M) - May 2025, co-led by Sequoia and Greylock with Quantum Light (Nik Storonsky's fund, CEO of Revolut) participating Aspora is also backed by notable angels including Balaji Srinivasan, Former CTO, Coinbase; Sundeep Jain, Former CPO, Uber; Prasanna Sankar, Co-Founder, Rippling; and Chad West, Former Global Head of Marketing and Communications, Revolut. The company is headquartered in London with offices in Dubai and Bengaluru. Luciana Lixandru, Partner, Sequoia Capital, and a new member of Aspora's board, said: 'Aspora is bringing diaspora banking into the modern age, enabling many millions to participate in the growth stories of their home countries. This isn't just about digital banking; it's about the new opportunities Aspora can create for immigrants all over the world. We were proud to be among Aspora's first believers by leading their Series A late last year and after seeing the team drive payment volume to $2B. We're excited to double down and co-lead their Series B as they scale and expand into the US, Canada, and Europe.'


Time of India
19 minutes ago
- Time of India
"We must now deliver on promises of development and ensure Delhi gets what it rightfully deserves": Union Minister Hardeep Puri
Union Minister Hardeep Singh Puri on Monday hailed the 11 years of the National Democratic Alliance (NDA) government and called for action on the development and growth of Delhi . He further stated that under the leadership of Prime Minister Narendra Modi , India's Gross Domestic Product had increased from two trillion dollars to four trillion dollars. "With PM Modi's 11 years of governance and the support of local bodies, we have no excuses left. We must now deliver on the promises of development and ensure Delhi gets what it rightfully deserves. When PM Modi took charge in 2014, India's GDP was 2 trillion dollars. Today, it has reached 4 trillion dollars," Puri said, speaking to the media. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Chuck Norris: If You're Over 60, Avoid These 3 Foods Like The Plague Roundhouse Provisions Learn More He further stated that the results of the triple-engine government could be seen at the Centre, Delhi and the Municipal Corporation of Delhi . Puri also stated that he was a witness to Delhi's evolution after partition, further stating that after successive waves of migration, the population in the city had finally crossed two crores. Live Events "I've seen Delhi evolve since just after partition, when the city's population was around 11-12 lakh. After successive waves of migration, the population has now crossed over 2 crore. You can see the results of the triple-engine government we now have--at the Centre, in Delhi, and in the MCD ," he added. Earlier on June 14, Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal, said that India is firmly on track to become the world's third-largest economy by 2029, crediting 11 years of Narendra Modi's "decisive and corruption-free governance" for triggering what he described as an "unstoppable surge" in national development. Addressing a press conference in Dibrugadh to mark the NDA government's 11th anniversary, the senior Bharatiya Janata Party (BJP) leader and Union Minister said that India has emerged from an era of "policy paralysis and dynastic politics" and is now driven by welfare-led growth, youth-powered innovation, and massive infrastructure expansion. "In just one decade, over 25 crore Indians have risen above poverty. That's more than the population of most European countries," Sonowal said. "This is the Modi guarantee -- delivery with speed, scale and honesty." Highlighting the economic strides under the Modi government, Sarbananda Sonowal said India's rise to the fourth-largest global economy is just the beginning. "By 2029, India will be the third-largest economy. We're building the foundation for a Viksit Bharat -- a developed, self-reliant India." Sonowal cited the rise of India's startup ecosystem -- from 30,000 in 2014 to over 1 lakh today -- as evidence of the country's changing mindset. "This is a new India, led by young dreamers and doers. Over 1.7 crore youth are now part of this vibrant startup movement."


Time of India
26 minutes ago
- Time of India
Nvidia's pitch for sovereign AI resonates with EU leaders
Nvidia CEO Jensen Huang has been pitching the idea of " sovereign AI " since 2023. Europe is now starting to listen and act. The concept is based on the idea that the language, knowledge, history and culture of each region are different, and every nation needs to develop and own its AI. Last week, the CEO of the artificial-intelligence chipmaker toured Europe's major capitals - London, Paris and Berlin - announcing a slew of projects and partnerships, while highlighting the lack of AI infrastructure in the region. In a place where leaders are increasingly wary of the continent's dependency on a handful of U.S. tech companies and after drawing ire from the U.S. President Donald Trump, his vision has started to gain traction. "We are going to invest billions in here ... but Europe needs to move into AI quickly," Huang said on Wednesday in Paris. On Monday of last week, British Prime Minister Keir Starmer announced 1 billion pounds ($1.35 billion) in funding to scale up computing power in a global race "to be an AI maker and not an AI taker." French President Emmanuel Macron called building AI infrastructure "our fight for sovereignty" at VivaTech, one of the largest global tech conferences. After Nvidia laid out plans to build an AI cloud platform in Germany with Deutsche Telekom, German Chancellor Friedrich Merz called it an "important step" for the digital sovereignty and economic future of Europe's top economy. Europe lags behind both the U.S. and China as its cloud infrastructure is mostly run by Microsoft, Amazon and Alphabet's Google, and it has only a few smaller AI companies such as Mistral to rival the U.S. ones. "There's no reason why Europe shouldn't have tech champions," said 31-year-old Mistral CEO Arthur Mensch, sitting beside Huang, who has led Nvidia for more than three decades, at a panel at VivaTech. "This is a gigantic dream." Gigafactory plans unleashed In France, Mistral has partnered with Nvidia to build a data centre to power the AI needs of European companies with a homegrown alternative. It will use 18,000 of the latest Nvidia AI chips in the first phase, with plans to expand across multiple sites in 2026. In February, the European Union announced plans to build four "AI gigafactories" at a cost of $20 billion to lower dependence on U.S. firms. The European Commission has been in touch with Huang and he had told the EU executive that he was going to allocate some chip production to Europe for these factories, an EU official told Reuters. Nvidia's chips known as Graphics Processing Units or GPUs are crucial for building AI data centres from the U.S. to Japan and India to the Middle East. In Europe, a push for sovereign AI could reshape the tech landscape with domestic cloud providers, AI startups, and chipmakers standing to gain from new government funding and a shift toward in-region data infrastructure. Nvidia also wants to cement demand for its AI chips, ensuring that even as countries seek independence, they still rely on its technology to get there. Power costs The push is not without challenges. High electricity costs and rising demand could strain sourcing of electricity for data centres. Data centres account for 3% of EU electricity demand, but their consumption is expected to increase rapidly this decade due to AI. Mistral, which has raised just over $1 billion, is trying to become a European homegrown champion with a fraction of the money U.S. hyperscalers or large data-centre operators spend in a month. "Hyperscalers are spending $10 billion to $15 billion per quarter in their infrastructure. Who in Europe can afford that exactly?" said Pascal Brier, chief innovation officer at Capgemini, a partner of both Nvidia and Mistral. "It doesn't mean we shouldn't do anything, but we have to be cognizant about the fact that there will always be a gap." Mistral has launched several AI models which are used by businesses but companies tend to mix them with models from other companies such as OpenAI, Anthropic and Meta Platforms. "Most of the time it's not Mistral or the rest, it's Mistral and the rest," Brier said.