Luxury retail companies on a hiring spree to help spur expansion: report

Luxury retail companies on a hiring spree to help spur expansion: report

Luxury retail companies are looking for talent at all levels to drive national expansion, omnichannel strategy and marketing, according to investment and research firms Korn Ferry and Stanton Chase.

India is emerging as a strong market for luxury retail, and the sector is expected to hit $8.5 billion in valuation this year, according to data from Euromonitor International.

The country already has Louis Vuitton, Tommy Hilfiger, Gucci and Burberry, while Valentino and Balenciaga are set to launch in India this year. Many other brands are likely to follow, as well as consider expanding their operations in India directly and/or through franchises, said Rajat Wahi, Partner, Consulting, Deloitte India.

According to Amit Pande, Commercial Director of The Collective and International Brands, Aditya Birla Fashion & Retail.

“We are looking for talent in purchasing, logistics, e-commerce, marketing, as well as senior talent in retail operations. We are also strengthening our customer service teams as we prepare to launch our sales center. ‘calls 24/7,” Pande told ET. . The company hires fresh talent from institutes such as Birla Institute of Management Technology (Noida) and ICFAI Business School (Hyderabad).

New luxury goods company Darveys is also looking to expand its operations and workforce, said founder Nakul Bajaj.

The e-commerce company, which sells luxury items at discount prices, is looking to hire talent in machine learning, website development and marketing.

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