Raymond Weil is one of the premier Swiss watch companies with a presence in India. Its president Olivier Bernheim spoke to BW Businessworlds Suman K. Jha and Manish K. Jha. Excerpts from the conversation:
How do you look at the luxury market in India?
It is definitely about the people of India as they are enthused by luxury. The potential here is huge.
How do you look at the luxury watch market in India?
Raymand Weil is known for selling luxury watches in the price range of Rs 60,000 to Rs 2.5 lakh in the Indian market. It’s luxury but in the affordable price range. Again, when you look at the size of the country, its population as well as its tier-1, tier-2 and tier-3 cities, you realise that there are just very few luxury retailers. Expansion is not yet on a scale so that one can say it is a major market.
You have a worldwide presence. What lessons from the global market, if any, would you like to put in practice in India?
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