Seattle-based coffee retailer Starbucks has announced intentions to enter India more times than Lindsay Lohan has been arrested, Paris Hilton has been embarrassed or Elizabeth Taylor has been married. This time they may be for real. I mocked lightly them in my 2008 book for vacillating on India. In 2007,...
India's Hidesign sells leather handbags globally
European luxury company LVMH (owners of Louis Vitton) holds a 20% stake in Puducherry, India based Hidesign, whose sales were $22 million in the year-ended in 2010. The handbag market grows at 15% annually in India. Not surprisingly there is new competition expected: Luggage maker VIP Industries has announced that...