GUCCI continues expansion in India with its new local partner
Following 2 years of collaboration with the Murjani Group, GUCCI have decided to cease the partnership at the beginning of this year and set up a joint venture company together with the company of Rene and Ashok Wadhwa reputed Indian luxury retailers. GUCCI maintains a controlling stake 51% of the new joint venture.
Under the new joint venture, GUCCI opened this week its third store in India, in the capital of New Delhi. The store covers a surface of 360 sqm and it is located within the Emporio Mall, the most upscale shopping center in the Indian capital. The new Gucci store carries all lines from ready to wear to accessories and jewelry.