Two luxury brands mull entry

Two major luxury brands - Godiva Chocolates and Faberge Jewellery may soon foray in the local market, according to media reports. 

Guillaume de Foucalt, vice-president of Godiva Chocolatier, in a recent media interaction, highlighted that India is key to their expansion in Asian markets.

Similarly, Katharina Flohr, Managing and Creative Director of Faberge, said, “A lot of our ‘rough’ material goes to India and the cutting is largely done in Jaipur.”

Flohr is in process of chalking out the plan for Indian entry.