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Traditionally Infrastructure hassles and lack of clear guidelines along with high import duties & counterfeit market are few substantial reasons to prevent luxury retailers from directly investing in Indian markets.
While the company has citied the move as pre-emptive, Kapoor said the rejig is aimed at consolidating the business as one entity in the next 12-18 months because investors may consider an exit.
From digital dilemmas to digital dominance, from traditional silk to organic hemp fabric, trends in the luxury sector have been dynamic and stereotype-icebreakers at the same time.
eCommerce companies are exploring the potential of mass customisation systems and providing their customers with the opportunity to create unique and individualised products.