Separator

LEGO Launches Asia's Largest Store in Partnership With Ample Group

Separator

img

With the opening of its first exclusive branded store in Gurugram, Danish toymaker The Lego Group has officially entered the Indian retail market, marking a major turning point in the company's regional expansion strategy.

The 4,500-square-foot store is the biggest Lego location in South Asia and demonstrates the company's dedication to building a stronger customer base there.

The flagship store signifies Lego's shift from a multi-brand, mostly online retail presence through sites like FirstCry and Hamleys to a dedicated brick-and-mortar format with the goal of improving direct consumer interaction.

More than 800 products are available in the store, including 250 unique sets that have been carefully chosen for a range of customer demographics and age groups.

“We are seeing increasing enthusiasm for the Lego brand not only among children but also among parents and adult consumers,” said Bhavana Mandon, Country Manager, Lego India. “This store is a significant step in our journey to bring more immersive and interactive Lego experiences to Indian customers.”

In partnership with retail franchise partner Ample, the Gurugram location is the first of numerous planned nationwide openings. 

 

Within the next quarter, the second store is expected to open in Bengaluru, and plans are underway to open more in Tier-II and metropolitan areas.

Mandon noted that three important markets that are already showing strong demand are Chandigarh, Ahmedabad, and Lucknow.

According to a 2024 analysis by Exim Bank, the toy market in India is expected to increase from its 2022 valuation of $1.5 billion to $3 billion by 2028, showing a compound annual growth rate (CAGR) of 12 percent. By 2032, Lego hopes to surpass this trajectory and achieve consistent double-digit growth.

Lego has implemented a broad-based pricing strategy to cater to India's diverse customer base, with entry-level products starting at Rs.449 and advanced sets aimed at collectors and enthusiasts costing over Rs.80,000. The business is also benefiting from the growing appeal of Lego items among adults, who are using the tactile construction experience of the brand as a way to unwind creatively and with mindfulness.

Also Read: Homegrown Ice Cream Brands that Can Cool You Off the Sweltering Heat

By combining global product innovation with localized consumer interaction, The Lego Group is putting itself in a position to play a significant role in forming India's changing toy ecosystem with this retail venture.

In Print




Most Viewed

From 'Volume' to 'Value': India Inc's Mantra to Capture the Global Pharmaceutical Market A Fight Back from Arabian Peninsula When will The Tech Industry’s Lay-off Season End? The Story of a Broken Trust Technology Key To Global Travel Recovery What To Keep In Mind When Selecting The Right Air Compressor For Replacement? The Best Way to Recover from Ransomware Attacks How Tensions Grew Worse between Elon Musk and Donald Trump New Markets, New Brands: Tailoring Success for Different Places Empowered Leadership in a Changing Legal World Four Key Steps For Healthcare Providers To Combat Ransomware Turning Vision into Value: How I Built Purposeful Digital Ecosystems in the UK Dave Thomas: A Role Model for Aspiring Entrepreneurs, Philanthropists Digital Analytics Products: How Organizations Choose Them Kelly Ortberg: The New Boeing CEO Who is Already on the Headlines India’s Military Alacrity for Modern Threats Reshma Saujani: Reshaping Social Attitudes Around Gender and Tech India is Manifesting Leadership in Drone Technology 5 Greatest Role Models in the Manufacturing Industry Creating a Stronger Ecosystem by Fixing the Nuts & Bolts of the Economy Microsoft for India: Making India for Future Ready India's UPI Launch in France Opens Gateway to Global Fintech Power Tim Cook Nears Retirement, Who Will Take Over Apple's Throne? Soil Based Microbial Fuel Cells Could Protect the Environment from Flammable Chemicals The mantra of Academic Collaboration Echoes on this Teachers’ Day Indian semiconductor Boom Has Abundant Room for SME-preneurs Indian Healthcare Ecosystem is Hosting a Multidimensional Paradigm Shift Being a True Republic: You Got to Love this New, Powerful India Qatar World Cup 2022 Might Be Over, But Arabian Peninsula’s Sports Dream is Just Beginning Reimagining the UK–India Partnership in a Changing Global Order These Schemes Will Facilitate Women Entrepreneurs Decarbonization & Sustainable Future: Technology & What it can Do?


🍪 Do you like Cookies?

We use cookies to ensure you get the best experience. Read more…