The Luxury Quotient (LQ) Group was created with the vision to host an innovative global online marketplace for full-price pure-play luxury brands. It will be establishing an online B2B marketplace for luxury goods that will serve as a gateway to India. By year-end, the Group intends to grow the number of global luxury brands in its online marketplace significantly. Also, similar services will be launched in the Middle East and North America.
Luxury Quotient International (LQI) has partnered with Gravitas Ventures which has made a strategic investment in the venture. Vikas Ranjan, Executive Vice President, Gravitas Financial, and President of LQI, visited India in October 2014 to formally launch the business operations of the LQ Group in the country.
Apart from launching the LQ online B2B marketplace portal for India, the Indian operations will also be focused on developing B2B relationships with online fashion retailers followed by similar partnerships with select premium stores across India for physical distribution.
Deepak Kumar, the Managing Director of the Indian operations of the LQ Group, is aiming for a leadership position in the premium and luxury segment over the next couple of years. It is working towards creating a business model that combines high street luxury with an online ecommerce-through-marketplace model. The LQ Group is also engaged in various stages of discussions with existing large fashion-centric e-commerce portals in India and has already signed supply agreements with a top luxury hotel chain and a premium online fashion portal in the country.
Luxury Quotient is an exclusive partner of many International brands in India. It curates luxury brands and introduces them to their patrons around the globe.
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