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Luxury retail brand Richemont likely to set up shop in India

Richemont, one of the biggest luxury retail companies in the world, is likely to enter the India’s single-brand retail market. Senior executives of the company, which owns brands like Cartier, Van Cleef, Arpels, Piaget, and Panerai.

The company is in plans to set up a 100 percent subsidiary in India by investing about USD 25 million initially. It would want to sell through its wholly-owned stores.

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