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Luxury retail companies on a hiring spree to help drive expansion: Report

Aditya Birla Fashion & Retail's luxury retail vertical The Collective, which houses brands such as Polo Ralph Lauren and Ted Baker, will see expansion this year with the opening of four-five additional stores across the country, according to Amit Pande, business head of The Collective and international brands, Aditya Birla Fashion & Retail

Source | | Brinda Sarkar, ET Bureau

Luxury retail companies are looking for talent across levels to drive country expansion, omnichannel strategy and marketing, according to placement and search firms Korn Ferry and Stanton Chase.

India is emerging as a strong market for luxury retail, and the sector is expected to reach $8.5 billion in valuation this year, according to data from Euromonitor International.

The country already has the presence of Louis Vuitton, Tommy Hilfiger, Gucci, and Burberry, while Valentinoand Balenciaga are set to launch in India this year. Many more brands are likely to follow, as well as look at scaling up their operations in India directly and/or through franchises, said Rajat Wahi, partner, consulting, Deloitte India.

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