Versace forays into Indian ladies wear segment

Italian high-end designer brand Versace is planning to tap the ladies wear section by launching its latest collection of jeans and accessories in India in 2008. Abhay Gupta, Executive Director, Blue Clothing Company said that the VJC (Versace Jeans Couture) and Gianni Versace (mainline collection for men and women accessories) would be available in their premium retail stores here in 2008. Versace mainline would be launched by March 2008 at the Grand, Vasant Kunj, while VJC would be simultaneously at two exclusive boutiques, one in South Extension and the other in DLF Emporio Mall. Versace Mainline is an apparel and accessory collection from the house of Gianni Versace. The accessory collection for men and women ranges from eye wear to bags and jewellery. VJC is a casual clothing line with focus on informal clothing. The luxury retail market, which is currently in its nascent stage was roughly estimated to be around Rs 1,500 crore and expected to grow at 20 per cent in the next five years.