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Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine

Boiler blast at Vedanta plant in Chhattisgarh kills 11, injures 22 Madhya Pradesh CM says basmati rice from the State is exported to 47 nations IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy Sify data centre arm IPO on track and will be timed with market conditions, says CFO BALCO deploys AI humanoid agent for real-time training, operations and safety Funskool clocks $40 million revenue in FY26, despite tariff headwinds Val-Met Engineering secures ₹200 crore funding from Nuvama Crossover Opportunities Funds BEML secures $36.38 million export order from West Asia region Chitale Bandhu Mithaiwale to inaugurate new production facility near Pune NCLT allows personal guarantee case against Videocon promoter Dhoot No immediate impact of US blocking Iranian vessels on India’s crude cargoes Indian spacetech startups shift gears from R&D to scalable manufacturing Protest by factory workers in Noida, Faridabad turns violent Sharon Pais takes over as Head of Myntra Nadir Godrej to retire as chairperson, Pirojsha Godrej named successor APAC emerges as growth engine amid data sovereignty push: IBM’s Hans Dekkers Unicharm India expands Diabetes Care portfolio Sarovar Hotels sees traction in tier II cities, pilgrimage towns Motherson Sumi Wiring says no impact on operations amid Noida labour protests Aster DM Healthcare invests ₹96 cr to expand Aster Whitefield by 159 beds Ola Electric launches S1 X+ 5.2 kWh with 4680 Bharat Cells India’s active LED display market hits ₹2,000 crore China’s TCL is said to consider stake sale in India TV business Strengthening R&D, investment key for Indian drugmakers to lead globally: Nadda Piper Serica deploys ₹210 crore in 33 start-ups; to invest remaining ₹63 crore in 2-3 months NCLAT adjourns hearing on Vedanta plea against selection of Adani's bid for JAL GE Aerospace signs contract with Indian Air Force to help establish in-country depot for F404-IN20 engines RateGain launches AI-driven hotel marketing certification programme Q4 Results This Week: HDFC Bank, ICICI Bank, Wipro, Just Dial among 42 companies reporting GE Aerospace scales AI from pilots to production; India anchors global capability
Premium luggage brand Delsey exploring backpack manufactu...
Rohan Das · 2026-06-18 · via Company News: Companies Analysis, Updates & Insights | The HinduBusinessLine
Gilles Bariguian, CEO, Delsey, at the opening of a showroom in Chennai.

Gilles Bariguian, CEO, Delsey, at the opening of a showroom in Chennai. | Photo Credit: Bijoy Ghosh

Delsey, a Paris-based luxury luggage brand, iplans to manufacture its backpacks in India.

Speaking to businessline on the sidelines of its exclusive store launch in Chennai, Gilles Bariguian, CEO, Delsey, said the company is currently evaluating factories and contract manufacturing partners and expects production in India to begin by Q1 2027. 

“The bags will be designed and engineered by our teams in Paris and then manufactured by our suppliers here. The key is to commit to the volume and designing the right bag, in line with what we want to do for the India market,” he said

Delsey currently operates a leather line in Kolkata but is evaluating factories across India for the backpack unit, he added. 

The company, which makes premium suitcases, backpacks, handbags and other travel accessories, has seen ‘high double-digit’ growth in India over recent years, making it the fastest growing market globally. India accounts for about 5 per cent of Delsey’s global topline.

On the positioning for a luxury brand amongst more value-oriented Indian competitors, Bariguian said as Indians increasingly travel abroad, they are looking at premium travel accessories. Unlike other incumbents, Delsey is not looking to be a mass market player with significant market share but instead focusing on the design-led premium segment with products that offer what he describes as a  ‘Parisian flair’. 

Premium offerings

“We are present in over 100 countries and have 2,600 points of sales. More and more Indians are traveling to Europe, US etc and they see our brand and our stores in these markets. I think this helps us to convince the Indian consumers to look up and look at the more premium offerings” he said. 

On the war in the Middle East and resulting supply chain disruptions, Bariguian said the company has seen an increase in costs, with plastic raw material prices rising by about 25 per cent while freight costs have doubled . He added that shipments to Middle East markets have become more difficult. 

Shashank Kumar, Director and Country Head for Delsey in India, said about 20-25 per cent of the company’ sales come from e- commerce, 45 per cent from exclusive stores, while the rest come from multi-brand outlets. When compared to markets like US and China, the share of e-commerce in India is small but is growing rapidly, Kumar added.

Delsey operates 45 exclusive stores in India and plans to expand this across urban markets.

On the emergence of boutique D2C Indian brands in the luggage space, the executives noted that these brands get their growth by depending heavily on discounting and large marketing spends, which may not be sustainable in the long run.

“They invest big time to capture the imagination and sensitivity of the people and they have been fairly successful in that. But in the long-term the luggage industry is not very easy to survive,” he said.

Published on June 18, 2026