Saks Fifth Avenue to enter Indian market!? | Retail News India
Home » News » Retailers News » Saks Fifth Avenue To Enter Indian Market

Saks Fifth Avenue to enter Indian market!?

Share: 
      Newsletter

READ MORE ON ABFRLExpansionRetailer News IndiaSaks Fifth Avenue

Saks Fifth Avenue Store

Image Courtesy: dezeen.com

A deal is expected to be framed soon between Saks Fifth Avenue Inc., American luxury department stores, and Aditya Birla Fashion and Retail Limited (ABFRL) to open Saks Fifth Avenue outlets in India. If reports are to be believed then New Delhi’s Aerocity near Indira Gandhi International Airport is expected to host first Saks store in the Indian market while second store may come up in Mumbai.

Officials from both the companies are yet to comment on this development. If the deal between the two becomes a reality, then Saks Fifth Avenue will be the first multi-brand luxury retailer to enter India. A team from the fashion retailer has reportedly visited the country twice in the past three months; another trip is likely to be made next month, a source informed a leading Indian daily.

Also ReadPantaloons now becomes Aditya Birla Fashion and Retail Ltd

Saks sells luxury brands such as Jimmy Choo, Giorgio Armani, and Tod’s, besides premium brands such as Fila and Puma.

 

Have some news? Let us know on news@apparelresources.com

Recommended by Apparel Resources

Lululemon Athletica’s net revenue zooms

Lululemon Athletica Inc., a yoga-inspired apparel athletic company, has announced financial results for the fourth quarter and fiscal year ended January 31, 2016....

Sportsman’s Warehouse gets new President and CEO

Sportsman’s Warehouse Holdings Inc., the US-based outdoor sporting goods retailer, has tapped Jon Barker as the new President and Chief Operating Officer of the...

6ixty8ight to open flagship store in Seoul

The iconic youth fashion brand, 6ixty8ight, based in Hong Kong, has chosen South Korea as its first international market outside China. The company...

GAP struggles to boost sales in India

US-based apparel retailer GAP Inc., which has a franchise agreement with textile and apparel major Arvind Lifestyle Brands, has been struggling to boost...

Topshop Chief quits

Mary Homer, who has been heading the British fashion label Topshop for the past ten years, has announced to quit the post. This...

NIKE opens its biggest Eastern Europe store in Moscow

US-based sports giant, NIKE has opened its first flagship and biggest store in Eastern Europe on Kuznetskiy Most in Moscow, Russia. NIKE’s partner...

Fashion retailer G-III Apparel’s net sales soars

US -based clothing retailer G-III Apparel Group has announced its fourth quarter and full year financial report for the year 2016-17.In the fourth...

India’s CCI approves deal involving Future Lifestyle Fashion

India’s Competition Commission has approved a deal to allow Future Lifestyle Fashion (FLFL) to transfer a section of its apparel marketing business.  Apparel...

Shoppers Stop inks deal with ToneTag to improve its digitisation

To improve its digitisation play across its stores, India-based retail chain Shoppers Stop has inked deal with proximity communications firm ToneTag to deploy...

Ben Sherman to open first full-price shop at Liverpool

The UK-based menswear brand, Ben Sherman, is going to launch its first full-price store at Liverpool. This new store which is covering 1,755...