Italian Luxury Brand ‘Brioni’ Enters Indian Market With Its 1st Boutique
Brioni, an Italian luxury menswear brand, has recently made its entry into the Indian market. This brand, known for its high-end fashion and bespoke services, is part of the French luxury group Kering.
Brioni’s debut in India is marked by the opening of its first boutique at The Chanakya mall in Delhi. The store will feature a range of ready-to-wear clothing and accessories, alongside custom tailoring services.
This venture is facilitated by DS Luxury, a division of Dharampal Satyapal Group Limited. DS Luxury has been instrumental in bringing Brioni to Indian consumers, aiming to cater to the growing demand for luxury fashion in the country.
DS Luxury is not new to the luxury market; they also have partnerships with other high-end brands such as Berluti and Tom Ford, and earlier this year, they announced a collaboration with Swiss luxury chocolate brand Läderach to launch in India.
The luxury goods market in India, though relatively small, is expanding rapidly. It’s one of the fastest-growing markets globally, with projections indicating that it could reach a value of $8.5 billion by 2023.
This growth, a significant jump from $2.5 billion in 2021, reflects the increasing demand for luxury products among Indian consumers.
The entry of brands like Brioni into the Indian market is a response to this raising high demand, and it represents an important milestone for luxury retail in the country.
The arrival of Brioni in India is a notable event in the luxury fashion industry. While it does bring competition, I believe Indian luxury brands shouldn’t worry excessively.
Each brand has its unique appeal and customer base. Indian brands, with their distinct styles and cultural significance, hold a special place in the market.
They should focus on leveraging their strengths, like traditional craftsmanship and local heritage, which are highly valued in both domestic and global markets.
Adapting to market changes and understanding customer preferences are key to thriving alongside international brands like Brioni.