DLF ties up with Luxottica; to launch first store

4 Nov 2008, 2050 hrs IST, PTI

Real estate major DLF on Tuesday said it has entered into a partnership with Italian eyewear
brand Luxottica Group for its foray into
the Indian retail market.
Luxottica would open over 100 stores of its retail brand - Sunglass Hut - in the realty firm's upcoming shopping malls and the first one would be launched in November, DLF said in a statement.

"We are delighted to partner with Luxottica in this important retail initiative for India. Our strategic intent is to partner with brands that are leaders in their categories and Sunglass Hut certainly fits this criteria," DLF Retail Brands Chief Executive Officer Kelvin Coyle said.

With over 6,200 stores globally, Luxottica has presence in North and Central America, Australia, China, the Middle East, South Africa, Singapore, Thailand and the UK.
"... it allows us to become from day one a key player in one of the most promising retail markets for premium and luxury brands working side-by-side with the leading real estate company in the market," Luxottica Group Chief Executive Officer Andrea Guerra said.

Some of the prominent brands of Luxottica include Ray- Ban, Bvlgari, Burberry, Chanel, Dolce & Gabbana, Donna Karan, Polo Ralph Lauren, Prada, Salvatore Ferragamo, Tiffany, Versace and Oliver Peoples.