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 Valentino and 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.
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.
“We are looking for talent in purchasing, logistics, ecommerce, marketing, as well as senior talent in retail operations. We are also ramping up our customer service teams as we gear up to launch our 24/7 call centre,” Pande told ET. The company hires fresher talent from institutes such as Birla Institute of Management Technology (Noida) and ICFAI Business School (Hyderabad).
New-age luxury product company Darveys is also looking to scale up operations and headcount, said founder Nakul Bajaj.
The ecommerce firm, which sells luxury items at discounted prices, is looking to hire talent in machine learning, website development and marketing.