Source | economictimes.indiatimes.com | 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.