Bulgari is strategically expanding its presence in India, aiming to take advantage of the country's strong growth and favorable demographics.
The luxury brand currently operates 13 boutiques and official retailers in India, and the CEO expects the market to become one of the top five or eight globally in the future.
This move comes as global luxury brands, such as LVMH Moet Hennessy Louis Vuitton SE and Kering SA, have experienced declining sales in China due to economic challenges related to a housing crisis.
The CEO's comments highlight a shift in focus towards India, where the luxury market is expected to thrive despite the current decrease in Chinese demand.