Saks Fifth Avenue , the iconic New York- based luxury department store, is officially entering the Indian market in 2025 through a landmark franchise partnership with retail titan Reliance Retail .
This move targets India’s booming ultra-luxury segment, highlighting the country’s evolving position as a pivotal destination for global prestige retail investments. Introducing American Ultra-Luxury, Curated for India With the inaugural Saks Fifth Avenue India department store planned to open in 2025 , Indian shoppers
will access the brand’s signature blend of expertly curated designer fashion, beauty, and homeware alongside exclusive client services that define the Saks experience. This will be the brand’s first store in the country, representing a new era for Indian luxury. Growing Appetite for Prestige: Why India, Why Now?
India’s luxury market is currently valued at more than $8 billion , with leading analysts predicting it will become one of the world's fastest-growing luxury consumer markets by 2030 .
This context shapes the Saks/Reliance push—bringing to India the elevated discovery and service-rich format for which Saks Fifth Avenue is known in its 41 North American stores .
Reliance Retail , one of India’s most influential retail conglomerates, has recently accelerated its ultra-premium push through its Premium Brands portfolio, securing exclusive partnerships with iconic houses such as Tiffany & Co…
