Luxury as well as brand Even as economic downturn and the slowdown slowly started gripping india, it was still seen as one of the promising new markets for luxury brands from worldwide. India as we all know have no high street such as the sloane street, bond street or the oxford street working london, rue du fauboug saint honor or avenue montaigne in paris or fifth avenue in oregon.These are areas that cater to the requirements of luxury retailing in terms of fancy buildings and neat streets.More about, luxury brands would always want their like minded neighbours as they cater to the needs of high profile clients and would never want brands that are several notches below their league occupying spaces close by their stores. With such a perspective, when these brands entered india not long ago, they had to remain within five star hotels' shopping arcades as luxury retail national facilities was unheard in the country that time.But slowly that too started getting exhausted weight l ... Read more »