Hermes and India's growing luxury market

03/20/2013 | LiveMint.com/The Wall Street Journal (India)

Hermes began establishing its presence in India five years ago with a hotel store in Delhi, and now operates two stores in India through a joint venture with partners Ashok and Neelam Khanna. The partnership will continue for the foreseeable future, in spite of new rules that would allow the French company to own its stores, because a 30% in-country sourcing rule isn't feasible, said managing director Luc Hennard, in this interview on the challenges and prospects for building a luxury business in India.

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LiveMint.com/The Wall Street Journal (India)

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