New Delhi, Since Indian Government allowed 51 percent Foreign Direct Investment in single brand retail, top French luxury brands started eyeing local market and made plans to open outlets in major cities including Delhi and Mumbai.
Last week, top officials of many French labels met to chalk out policy fine-prints about opening their shops in best of India's fashion and lifestyle hubs and interacted with their potential local partners and senior bureaucrats.
Sophisticated Louis Vuitton, which has its stores in the aisles of five-star hotels in Delhi and Mumbai, would scale up its presence in the National Capital.
Damien Vernet, general manager, (Middle East and India), Louis Vuitton, said there was potential for opening a few more stores in view of the opportunities that India offered. He also said a new Louis Vuitton store in Delhi would open in January 2008.
Besides Delhi and Mumbai, Louis Vuitton outlets may also come up in Bangalore, Hyderabad, Chennai and Kolkata, he said.
Celebrated Chanel, which provides fragrances, accessories and apparels, wants to expand its business by opening many outlets in India.
Scarf, leather accessories and jewelry maker Hermes has decided to open its first store in Delhi in 2008.
"We would be expanding selectively since we need to find an appropriate retail environment for our range," Chanel India Managing Director Xavier Bertrand said.
Renowned French firm Estee Lauder plans to introduce the 'Donna Karan' range of fragrances and its colour cosmetic line 'M-A-C' and skin-care brand 'Clinique' in the oriental country.
Estee Lauder Group President Patrick Bouquet-Chavanne said, his company is talking to big Indian retail players including Shoppers' Stop for forging alliances.
"We are looking at opportunities to sell our range of products," he said.
Jean Paul Gaultier, known for its beauty products, apparel and accessories, is preparing to bring its ready-to-wear garments in India.
"The company would retail its entire range of products in India, except its haute couture line, which is sold exclusively in Paris," Jean Paul Gaultier CEO Christophe Caillaud said.