Luxury goods group Richemont plans for outlets in India

Leading luxury goods group Richemont, whose stable of brands includes jewellers Cartier and Van Cleef & Arpels, is now planning to open shops in India, joining other global retailers who entered the market since New Delhi relaxed investment rules. The entry could be a boost for the country’s luxury retail sector, which represents a tiny fraction of global luxury brands’ sales but has a fast-rising number of wealthy people. In the meantime, signage players whose activities and expertise involve in in-shop designs, displays and other related tasks would get added advantage with the opening of such multinational retail major.