Bulgari is focusing on expanding in India, anticipating significant growth driven by favorable demographics, according to CEO Jean-Christophe Babin. He predicts that India could rise to be among the top five or eight luxury markets globally, as demand in China declines due to economic challenges.
Bulgari is shifting its focus to India to counteract declining luxury demand in China due to an economic slowdown. CEO Jean-Christophe Babin highlighted the brand's expansion in India, driven by strong growth and favorable demographics, with 13 boutiques or official retailers currently listed in the country.
Bulgari CEO Jean-Christophe Babin anticipates a recovery in China's luxury market within the next two years as the economy improves. He noted a significant decline in sales at physical stores compared to online channels, which are better positioned to reach customers in smaller cities.
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