NEW DELHI — After a politically charged debate for the last two days in the upper house of Parliament, the Rajya Sabha, a final vote Friday afternoon made the mandate on foreign direct investment in retail clear: the debate is over and it’s time to get down to business.
Global retailers now will be able to own 51 percent of multibrand retailers, giving them a piece of India’s $500 billion retail market.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)