Home FEATURED NEWS Luxury Retailers Are Following the Money to India’s New Affluent

Luxury Retailers Are Following the Money to India’s New Affluent

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A number of blocks from the Reserve Bank of India’s headquarters in Mumbai lies the true marker of the nation’s rising wealth — a brand new retailer from Indian dressmaker Sabyasachi Mukherjee in a restored constructing courting from the early 1900s.

The opening of the four-story flagship makes Sabyasachi the most recent luxurious retailer to observe the cash to southern Mumbai, which has been the house of India’s monetary companies business for the reason that precursor to the Bombay Stock Exchange started there underneath a banyan tree in 1875. In newer years, Hermes International, Christian Louboutin and others have arrange store, prepared to pay the neighborhood’s skyrocketing rents for house in historic actual property and entry to a rising higher class.

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