Global brands numbers, likely to set up shop in India surges post-covid
ECONOMY & POLICY

Global brands numbers, likely to set up shop in India surges post-covid

According to property consultants, around 24 international brands are expected to enter the Indian market this year, marking the highest number in a decade. This surge is attributed to the post-Covid increase in consumption and demand. In 2020, only one global brand entered India, followed by three in 2021 and 11 in 2022. Prior to the pandemic, approximately 12-15 brands would enter the Indian market annually. Notable brands like Roberto Cavalli, Dunhill, and Foot Locker are currently in talks to establish their presence in India.

Additionally, chains like Lavazza, Armani Caffe, Jamba, and The Coffee Club are also likely to enter India this year. Anshuman Magazine, chairman and CEO of CBRE for India, Southeast Asia, Middle East, and Africa, stated that they expect food and beverage as well as entertainment brands to establish themselves in the Indian market in 2023. Several established international brands have already entered India this year after a hiatus caused by the Covid pandemic, including Valentino, McLaren, Balenciaga, Pottery Barn, Pret A Manger, Tim Hortons, and Popeyes.

CBRE predicts that retail leasing in India will reach 5.5-6 million square feet in 2023, the second-highest figure after the peak of 6.8 million square feet in 2019. The fashion sector is witnessing periodic store openings, particularly through partnerships with larger groups such as Reliance and Aditya Birla. In the home interiors retail segment, West Elm and Pottery Barn have shown interest and opened stores in India in partnership with Reliance.

Experts anticipate that around 30-35 international brands will open stores in India between 2021 and 2023. Aditya Birla Fashion and Retail Ltd (ABFRL) recently formed a partnership with Galeries Lafayette to introduce luxury department stores and a dedicated e-commerce platform in India. Reliance Retail is also planning to bring back the Chinese fashion brand Shein through a partnership. H&M has launched its home line in some flagship stores across India, and experts believe that in the coming years, one to two brands from the beauty, fashion, and F&B sectors could open stores in India every month or year, primarily through collaborations with existing major players.

India's rising spending power and its position as the fifth-largest global retail destination are attracting international brands. Urban Indian consumers have increasing purchasing power, and branded products in categories such as apparel, cosmetics, footwear, watches, beverages, cuisine, and jewellery are gaining popularity for both business and leisure purposes. Nitin Chhabra, CEO of Ace Turtle, stated that this is an opportune time to be in India, and the next decade is expected to be the best in terms of consumer technology and retail history. Ace Turtle, which holds licenses to sell fashion and lifestyle brands like Lee, Wrangler, Toys 'R' Us, and Babies 'R' Us in India, recently partnered with the California lifestyle apparel brand Dockers to enter the Indian market. 

According to property consultants, around 24 international brands are expected to enter the Indian market this year, marking the highest number in a decade. This surge is attributed to the post-Covid increase in consumption and demand. In 2020, only one global brand entered India, followed by three in 2021 and 11 in 2022. Prior to the pandemic, approximately 12-15 brands would enter the Indian market annually. Notable brands like Roberto Cavalli, Dunhill, and Foot Locker are currently in talks to establish their presence in India.Additionally, chains like Lavazza, Armani Caffe, Jamba, and The Coffee Club are also likely to enter India this year. Anshuman Magazine, chairman and CEO of CBRE for India, Southeast Asia, Middle East, and Africa, stated that they expect food and beverage as well as entertainment brands to establish themselves in the Indian market in 2023. Several established international brands have already entered India this year after a hiatus caused by the Covid pandemic, including Valentino, McLaren, Balenciaga, Pottery Barn, Pret A Manger, Tim Hortons, and Popeyes.CBRE predicts that retail leasing in India will reach 5.5-6 million square feet in 2023, the second-highest figure after the peak of 6.8 million square feet in 2019. The fashion sector is witnessing periodic store openings, particularly through partnerships with larger groups such as Reliance and Aditya Birla. In the home interiors retail segment, West Elm and Pottery Barn have shown interest and opened stores in India in partnership with Reliance.Experts anticipate that around 30-35 international brands will open stores in India between 2021 and 2023. Aditya Birla Fashion and Retail Ltd (ABFRL) recently formed a partnership with Galeries Lafayette to introduce luxury department stores and a dedicated e-commerce platform in India. Reliance Retail is also planning to bring back the Chinese fashion brand Shein through a partnership. H&M has launched its home line in some flagship stores across India, and experts believe that in the coming years, one to two brands from the beauty, fashion, and F&B sectors could open stores in India every month or year, primarily through collaborations with existing major players.India's rising spending power and its position as the fifth-largest global retail destination are attracting international brands. Urban Indian consumers have increasing purchasing power, and branded products in categories such as apparel, cosmetics, footwear, watches, beverages, cuisine, and jewellery are gaining popularity for both business and leisure purposes. Nitin Chhabra, CEO of Ace Turtle, stated that this is an opportune time to be in India, and the next decade is expected to be the best in terms of consumer technology and retail history. Ace Turtle, which holds licenses to sell fashion and lifestyle brands like Lee, Wrangler, Toys 'R' Us, and Babies 'R' Us in India, recently partnered with the California lifestyle apparel brand Dockers to enter the Indian market. 

Next Story
Infrastructure Transport

Safety concerns arise over Mumbai's newly opened Coastal Road tunnel leaks

Two months after the opening of a section of Mumbai's Coastal Road tunnel to traffic on March 11, observations have been made of water leaks. It has been noted that water is seeping through the walls and ceiling, particularly at the southbound tunnel's end near Princess Street Flyover. Despite repairs made during testing, this issue continues. Leaks have been sighted on both sides of the walls in the southbound tunnel, with the slab above also appearing wet. The ongoing water leakage has resulted in the paint on the walls peeling off. The BMC is under scrutiny as it prepares to open another ..

Next Story
Infrastructure Urban

CM: 95% Smart City Project nears completion

Pramod Sawant, Chief Minister, Goa, stated that the Smart City work in Panaji is nearing completion, with approximately 95% of the tasks done. He mentioned that the deadline for finishing the work was May 31. Sawant further informed that Smart City MD and CEO Sanjit Rodrigues would be conducting an inspection within two days to assess the progress and ensure its completion. He added that the inspection would involve the participation of the mayor of the Corporation of the City of Panaji, Rohit Monserrate. Earlier in the year, there had been a visit by high court judges to Panaji aimed at und..

Next Story
Infrastructure Urban

10,200 saplings to be planted in Kovai, Coimbatore

The Coimbatore City Municipal Corporation (CCMC) announced the commencement of tree-planting operations across the five zones of the city. It was stated by the civic body that 265 locations, encompassing public parks and Open Space Reservation (OSR) lands, had been identified for this initiative. As part of the Green Tamil Nadu Mission project, CCMC Commissioner M Sivaguru Prabhakaran inaugurated the campaign on Monday near the Kurichi Housing Unit in the South Zone. It was disclosed that a total of 10,200 tree saplings are slated for planting. Various endeavors are underway to safeguard the..

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram