Ermenegildo Zegna opens flagship store at Taj Mahal Palace, India
12 Jun '07
3 min read
The Ermenegildo Zegna Group, the world leader in luxury men's clothing officiate its first directly operated flagship store in India at the Taj Mahal Palace and Tower.
This new opening is an integral part of Zegna's worldwide expansion plans. Also, it establishes a new pillar for the Zegna brand in India, being one of the first luxury brands under the new Foreign Investment Promotion Board's guideline for Foreign Direct Investment in single brand retail, to enter the Indian market with a majority investment of 51%.
“We are extremely excited about the new flagship store and the Zegna brand in India.” commented Dr Paolo Zegna, Chairman of Ermenegildo Zegna Group, who was present at the religious Indian puja ceremony to inaugurate the opening of the store.
“This reinforces our pioneering spirit and we are proud to be the first majority owned Italian luxury brand to enter this dynamic and prosperous market. Zegna has almost 100 years of heritage in quality and innovation, our discerning Indian customers that shop abroad can now have all the Zegna collections at home in India. I believe the timing is perfect considering the tremendous growth that is taking place in India.”
The Taj Mahal Palace and Tower opened in the year 1903 completed its 100 years a few years back. It brings together Moorish, Oriental and Florentine styles of architecture and is a beautiful heritage landmark of Mumbai facing the Arabian Sea Front and the Gateway of India.
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