Pandemic is pushing the revolving door in luxury space

LVMH-owned Fendi shuttered its only store in the country in Delhi’s ritzy Emporio mall on March 22. It did not have enough business, sources let on. Covid-19 has not been kind to industries and it has resulted in a brand churn in the luxury space as well. The pandemic is pushing the revolving door. ET has learnt from sources that Aditya Birla Fashion and Retail is planning to set up two stores of the upmarket French chain Galeries Lafayette in