British high-street fashion brand Topshop is exploring possibilities to open outlets in India in a bid to tap the country’s growing appetite for global fashion labels, as demonstrated by the huge success of rivals such as Spain’s Zara and Sweden’s H&M.

Company officials have been studying the Indian market in recent months and have checked with some prominent malls to explore the possibility of opening stores, three people familiar with Topshop’s plans said. “It is still in a very initial stage but they are interested in opening their stores,” said one person. It is unclear when Topshop is expected to approach the government for a single brand licence, where India allows 100% foreign investment but on condition that such ventures source 30% of products locally.

http://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/british-fashion-brand-topshop-may-open-outlets-in-india/articleshow/50827941.cms

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