How the sale of an estate at Loughton, in Sussex, helped the sale in India’s luxury market

How the sale of an estate at Loughton, in Sussex, helped the sale in India’s luxury market

July 13, 2021 Comments Off on How the sale of an estate at Loughton, in Sussex, helped the sale in India’s luxury market By admin

As the UK market in luxury products shrinks, some Indian luxury retailers are seeing an influx of overseas buyers, with many of them opting to go with local vendors in an attempt to increase sales.

Laurance Maitland, who runs a luxury boutique in Sussex and also runs a local luxury chain, has been working on a project to bring in a new luxury market in India.

She believes her boutique in the Loughtons estate at Oxford Street will have an impact on the luxury market as the estate is the biggest luxury estate in the UK.

Maitland says she is trying to build a new generation of luxury goods in India with the help of a partnership with a local jeweler, but her project has been controversial in India as she has been accused of selling high-end jewellery at a much lower price than the real deal.

Mitch Smith, chief executive of the luxury goods chain L’Oréal, said it was very important for L’Oreal to be able to offer the widest possible range of luxury products in India to help attract international buyers.

Smith said L’Occitane, the company that owns L’ Occitane brand, has already sold luxury jewellery in India for years, but this was its first time doing so.

“We are delighted to be working with Indian jeweler Shruti Bhattacharya, who has been a major supplier of luxury jewellers and accessories in India,” he said.

“Our aim is to develop a brand that can offer products and services that the Indian market cannot afford to have in its own supply chain.

We have been able to do this because of the collaboration between L’occitane and the jeweler.”

L’Occis and Shrutti are working on several projects together and we are very pleased to have a strong partner in Shrutib Bhatt-Chandra who has an extensive expertise in this field.

“These projects are all based on a shared vision of bringing our brands and products to a broader audience.

We are proud to have them working together to create a new market.”

In a statement, L’ occitane said it is “very pleased” to partner with Shrutchi Bhatt, who is known for producing jewellery and accessories that are affordable to the Indian public.

“It’s also important to note that our collaboration with Shri Chandra Bhattacarya is based on an agreement with a private jeweler,” the company said.

India has an ageing population and the population of the affluent middle classes is slowly declining.

According to a recent survey by the International Monetary Fund, only 12% of Indians aged 18-49 had bank accounts, while the figure was 22% in Britain.

As the economy slows, Indian luxury manufacturers are looking to diversify their products.

In February, L’, Occitene announced it had launched a new line of products, which include an eyewear line, a hair care line, and a line of beauty products.

L’Orèal also plans to expand into a fashion line for men and women in the coming years.

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