Marigold Group – Luxury Purveyor, Marketer And Distributor Of International Brands In India

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Marigold Group – Luxury Purveyor, Marketer And Distributor Of International Brands In India

The Marigold  Group is a well  known  luxury purveyor,  marketer and distributor of various  International brands in India. The Group was  formed  in 2006 to set up various retail stores,  bringing  International Luxury Brands into India. The Group’s head  office is located in Mumbai  along  with an operational office in New  Delhi.

The American  Luxury Accessories Brand JUDITH LEIBER is distributed  and retailed  exclusively by the Marigold  Group in India. The JUDITH LEIBER flagship  store is located at the DLF Emporio Mall, New  Delhi, as well  as retailed  from the exclusive women’s apparel  boutique XESS at Atria Mall, Mumbai.

In line  with the Group’s visionary outlook, Marigold  Group was  instrumental  in identifying the synergy between Judith Leiber and Indian Designer Suneet  Varma and orchestrated their collaboration. Suneet  Varma has been  appointed as the International  Designer for JUDITH LEIBER globally, allowing his exclusive Brand to be further retailed out of Suneet  Varma Retail outlets  within  India and be showcased at his Trunk Shows  in Europe and the Far East.

The Marigold  Group currently  owns  the XESS brand in India. The XESS store in Mumbai  retails International  Brands in the High End Ladies Apparel  segment such  as XESS Private Label, Argentovivo and Christies  from Europe; Poleci and Walter from the USA alongside JUDITH LEIBER.

Continuing their expansion plan in bringing  luxury to the Indian Retail segment, The Marigold  Group has introduced Marigold  Fine Art Gallery  (MFA) in India. The MFA Galleries are at DLF Emporio, New Delhi & the Imperial and Ravissant,  Mumbai.  MFA exhibits  and retails Contemporary European Art with Masters such  as Salvador  Dali,  Pablo  Picasso, Lorenzo  Quinn  and Patrick Hughes, making  it the first Gallery  of its kind in India. MFA is operated by an Executive Management team held  by Gaurav and Vickram Assomull.

The Group has recently added  one  more coveted accessory to the bouquet of International  luxury Brands by signing  an exclusivity Agreement  with Italian Design House Fornasetti.   Soon  to open  in 2010, will  be The Fornasetti  flagship  store.

By 2010, the Group plans  to introduce new  initiatives, such  as expansion of the Group’s  existing Brand portfolio  with additional retail spaces in other major Indian cities. Marigold  intends  to open 6 – 8 Retail Stores throughout  India by 2011.

Currently, the Board Members  have  collectively invested over 8 crores  in India. The Marigold Group plans  to Invest a further 6 crores  by the end  of 2010. The Board of Directors  of the Marigold Group are: Madan K Assomull (Chairman), Sangeeta Assomull (CEO), Asif Rangoonwala and Vrege Armoyan.  The Board Members  are involved in other Businesses worldwide, including Petroleum, Real Estate, Capital Funding and Manufacturing. This expertise by the Board Members  plays  an integral part in establishing a strongly  financed and Management Based  Board for the Marigold Group in India.

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