LVMH Watch and Jewellery to open 8 stand alone stores in India within the next 2 years
Franck Dardenne, country manager at LVMH Watch and Jewellery India told Financial Chronicle, his company is planning to open eight standalone boutiques across India over the next two years. At present, it has two boutiques each in Delhi, Mumbai and Bangalore and it is present in 81 multibrand stores across 27 cities.
While cashing in on its growing popularity among the rich and famous, LVMH aims to be the leader in the luxury watch market in the next five to 10 years. At present, Tag Heuer and Dior Horlogerie luxury brand watches in India comes third after Omega and Rado luxury brands of the Swatch group — the world’s largest watchmaker. Another Swiss brand Rolex is placed fourth, according to the industry estimates.