Swiss Luxury Retailer Richemont Plans India Stores

Swiss Luxury Retailer Richemont Plans India Stores

NEW DELHI (WSJ)—Compagnie Financiere Richemont SA, the Swiss company behind the Cartier and Montblanc brands, wants to open stores in India, a senior Indian official said Thursday. The company’s head of tax, Anne Guimond, met Trade Minister Anand Sharma and discussed plans to spend $25 million to create a wholly owned subsidiary in India, said the official who was present at the meeting.

Source: Wall Street Journal (Link to full article)

About the author

Amitabh Arora

Amitabh Arora

Amitabh Arora has more than 18 years of experience promoting foreign direct investments (FDI), trade and economic relations between India and Switzerland, South Korea, United Kingdom and Canada. He is currently working as Director Key Accounts at the Greater Geneva Berne area (GGBa), the economic development agency of western Switzerland. GGBa offers a comprehensive range of services at no charge to foreign companies seeking to establish a presence in Switzerland. He is also the founder of FDITracker.com, tracking FDI developments worldwide. Amitabh has a Masters in International Business from the Indian Institute of Foreign Trade (IIFT) and a Bachelor of Business Studies (BBS) from College of Business Studies, India.

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