Luxury Watches

Country emerging as a lucrative market for premium timepieces, a trend led by the young generation

Company will introduce 41 styles and eyes 45 per cent growth during festive season

Rolex is the biggest Swiss watch brand and dominates the industry with an estimated 30% market share. Known for its Datejust, Daytona and Submariner models

Set to enter a "transformative era", the country's retail sector is expected to clock 10-13 per cent growth in the new year with players adopting technological advances to cater to luxury as well as value customers while inflation shadows continue to lurk in the background. Network expansion, a strong uptick in demand for premium brands, increasing traction for value brands in smaller cities and general elections will be among the key drivers for the retail sector, which is also moving from being just a tale of rural and urban markets. Besides, the continuing e-commerce growth with a surge in quick commerce, hyperlocal delivery services and impulse purchases will provide additional tailwinds. "The Indian retail industry's growth prospects for 2024 present a mixed picture with several factors influencing the landscape," Deloitte India Consulting Partner Rajat Wahi told PTI. The space has bright spots such as robust GDP growth, tech-driven transformation, continued festive season ...

The DS group also has brands like Swiss luxury chocolate Laderach, childrenswear store Les Petis, and premium grocery and retail store Le Marche

As China's economic engine falters, luxury brands are hoping that India's steady growth will lead to increased demand for their products

According to a report by Knight Frank, 53 per cent of ultra-high-net-worth Indians are likely to purchase these three items in the current year

Imports touched 98.5 million Swiss francs (nearly Rs 933 crore) in the January to June period this year period from 81.2 million francs a year earlier

The currency exchange is expected to be far less disruptive than a 2016 move to demonetise 86% of the country's currency in circulation overnight

Leading wearable brand Garmin on Sunday launched Forerunner 965 and Forerunner 265 smartwatch series, with high-resolution AMOLED displays in India

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India imported Rs 1,722.88 crore worth of Swiss watches in 2022. This is nearly 20% more than in 2021

Timepieces costing lakhs of rupees must highlight the owner's taste and personality

Realme on July 26 launched the Pad X 5G, Watch 3, Flat Monitor, Buds Air 3 Neo, and Buds Wireless 2S. Here are the products detail, pricing information, and sale details

The poor listing day performance follows lukewarm response to the company's IPO, which had managed to scrape through with just 1.03% subscription

Luxury and premium watch retail player Ethos on Tuesday said it has raised around Rs 142 crore from anchor investors ahead of its initial share sale, which opens for subscription on Wednesday. The company has decided to allocate 16,13,725 equity shares to anchor investors at Rs 878 apiece, aggregating the transaction size to Rs 141.68 crore, according to a circular uploaded on BSE website. ICICI Prudential Mutual Fund, Jupiter India Fund, Saint Capital Fund, Nomura Singapore and UPS Group Trust are among the anchor investors. The Initial Public Offering (IPO) consists of a fresh issue of equity shares aggregating to Rs 375 crore and an Offer-For-Sale (OFS) of up to 1,108,037 equity shares. As a part of the OFS, Yashovardhan Saboo, KDDL, Mahen Distribution, Saboo Ventures LLP, Anuradha Saboo, Jai Vardhan Saboo, VBL Innovations, Anil Khanna, Nagarajan Subramanian, C Raja Sekhar, Karan Singh Bhandari, Harsh Vardhan Bhuwalka, Anand Vardhan Bhuwalka, Shalini Bhuwalka and Manju Bhuwalka

According to Knight Frank report, art emerged as the top investment avenue

Meteorites have been used in recent times by fine watchmakers and jewellers alike

While a Rolex or a JLC instantly gratifies the vanity of the wearer with its signature designs and trademark engineering, it also enhances the stature of the person gifting it

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