MILAN — Two more fashion brands are dipping their toes into the Indian market.
On Monday, Giorgio Armani Group said it has opened its first Giorgio Armani and Emporio Armani stores in India, in the country’s first luxury center, the Emporio Mall in New Delhi. The stores are managed by a newly formed joint venture between Armani and real estate firm DLF Retail Brands Pvt. Ltd.
The designer, who has a 51 percent stake in the venture, said he was “truly excited to finally have a presence in India. This country, which perfectly mixes the spirit of adventure, the sense of mystery and majesty with the principles of elegance, sophistication and modernity, has long been a wonderful source of inspiration to my collections.”
Plans for future stores were not “ready to be communicated” for the time being, according to a spokeswoman.
Earlier this year, Cristiana Ruella, director of general affairs at Dolce & Gabbana, said the company had signed an agreement with DLF Group to secure spaces in the Emporio mall for that company’s first boutiques in India. Salvatore Ferragamo SpA also said it plans to open 10 stores in India by 2013 — including three this year — after launching a joint venture with DLF. This year’s units are slated for New Delhi, Bangalore and Mumbai. Ferragamo opened its first own-branded Indian store in 2006 at the Grand Hyatt Plaza Hotel in Mumbai. Gucci is planning its third Indian location at the Emporio mall this year.
Armani is among a host of European brands — including Hermès, Cartier, Stella McCartney, Lanvin and others — planting their first stores in the burgeoning market this year.
Meanwhile, Diesel is also looking to expand its business in the east and plans to enter India in spring 2009. To do so, the Italian apparel company has formed a joint venture with Reliance Brands Ltd., controlled by Reliance Industries Ltd. Diesel will hold a 51 percent stake in the partnership. Stores will initially open in Mumbai and Delhi, followed by Bangalore, Hyderabad and Chandigarh.
Most luxury players made their first moves into India in 2006, when the country loosened restrictions on foreign direct investment, allowing companies to own 51 percent of monobrand boutiques. Among the first to arrive were Christian Dior, Ermenegildo Zegna, Moschino, Ferragamo and Versace, joining established boutiques for Chanel, Louis Vuitton and Bulgari.
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews
@prada is introducing a new project at its men’s fall 2018 show this Sunday: “Prada Invites.” The fashion house invited four celebrated creative minds – @ronanaerwanbouroullec, Konstantin Grcic, @herzogdemeuron and @rem.koolhaas – to each create a unique item with its iconic nylon material. The designs will be unveiled on the runway show, which will take place at the company’s warehouse in Viale Ortles 25. #wwdfashion #mfwm (📷: @martinocarrera)
@kering_official is spinning off its stake in puma in an effort to focus on its luxury brands, the brand operator announced yesterday. “We are proud to have supported the turnaround of Puma, which now has unrivaled capabilities to take full advantage of the specific dynamics of its global markets and is poised to achieve substantial growth,” said François-Henri Pinault, Kering’s chief executive officer and chairman. Artémis will become a “long-term strategic shareholder” of Puma with a 29 percent stake. #wwdnews #wwdfashion (📷: @jilliansollazzo)
The fashion world mourns for celebrated street style photographer, Nabile Quenum, who died at age 32 in Paris.
Quenum, creator of the fashion blog “J’ai Perdu Ma Veste,” was a fashion week fixture, and regularly shot for New York magazine’s The Cut, among other outlets, and brands such as Louis Vuitton, Moncler and Adidas. He was also actively involved in the #NoFreePhotos initiative, which kicked off in the fall. Read more about Quenum in @kbsmoke's story on WWD.com. #wwdnews
@verwanggang and @maisonladuree have teamed up on a dessert collab called Vera Wang Pour Ladurée. The collection, which launched this week, features a specialty macaroon, as well as a wedding cake inspired by one of the designer’s gowns. “I could not imagine a more delicate or sophisticated creation to grace any couple’s celebration,” said Wang. #wwdfashion