According to some reports, the Italian company Bulgari, specializing in the sale of luxury goods, appealed to the Indian government for permission to open several branded retail stores in India. The company intends to sell in India jewelry, watches and accessories of the highest price category under the brand Bvlgari.
Local media reported that Bulgari, a division of the French LVMH group, applied to the Foreign Investment Promotion Board (FIPB) for investing in a monobrand business. Although the details of Bulgari's proposal have not been disclosed, the company will act as a passive shareholder. Other brands belonging to the LVMH group, including Louis Vuitton and Christian Dior, also independently entered the Indian market.
Although FIPB approval has not yet been received, the Italian firm has already selected a place to host its store in the DLF Emporio shopping center in the south of Delhi, which unites many well-known brands of luxury goods under its roof.