Galeries Lafayette, the iconic French luxury department store, is making its grand entry into India with the opening of its first flagship store in Mumbai’s historic Fort area. This strategic move marks a significant milestone in the brand’s international expansion, as it seeks to capitalize on India’s rapidly growing luxury market. The store, spanning five levels and 90,000 square feet, is set to open in early November, with plans for another location in Delhi. Partnering with the Aditya Birla Group, Galeries Lafayette aims to offer an unparalleled shopping experience, featuring over 250 global luxury brands, private lounges, and concierge services. Nicolas Houzé, Executive Chairman of Galeries Lafayette Group, described the launch as a ‘defining moment’ and ‘a new chapter’ in the brand’s 130-year history. India’s luxury market, currently valued at $17 billion, is projected to soar to $85 billion by 2030, driven by increasing wealth creation and a shift in consumer preferences. Kumar Mangalam Birla, Chairman of the Aditya Birla Group, highlighted the growing appetite for high-end experiences among India’s affluent population. However, despite the booming luxury sector, income inequality remains a significant challenge, with a vast majority of the population unable to afford discretionary spending. This has led brands to focus on premium offerings catering to the wealthy, while mass-market demand remains subdued. Galeries Lafayette’s entry into India reflects a broader trend of global luxury brands targeting the country’s burgeoning high-end market.