Luxury Brands

Chanel appoints designer Matthieu Blazy as its new artistic director

One of the most prestigious roles in global fashion has just been filled, as Chanel appointed Franco-Belgian designer Matthieu Blazy as its new artistic director, the fashion house has announced. The 40-year-old will oversee all collections for the world's second biggest luxury brand starting in 2025, replacing Virginie Viard, who parted ways with the house earlier this year. Blazy arrives with a reputation for innovation and craftsmanship, honed through stints at Raf Simons, Maison Margiela and Cline under Phoebe Philo. Most recently, he was creative director at Bottega Veneta. Chanel President Bruno Pavlovsky praised his audacious and powerful approach, adding that Blazy would play with the codes and heritage of the House to take it in exciting new directions. I am thrilled and honored," said Blazy. Critics have noted that Blazy's relatively young age suggests Chanel may be positioning him for a long tenure, akin to the 36 years Karl Lagerfeld spent at the helm. His appointment

Bulgari CEO looks at India for growth as China luxury demand weakens

Bulgari is expanding its footprint in India to take advantage of strong growth and favorable demographics, Bulgari Chief Executive Officer Jean-Christophe Babin said

E-commerce sites record Rs 1 tn in sales; non-metros drove festive shopping

Demand from non-metro consumers, coupled with increased interest in luxury brands, drove festive season sales

Personalised, pricey and memorable: The cost of a 2024 Indian wedding

Couples must plan early to save expenses on decor, venue and menu

Luxury labels bask in Diwali's glow with limited-edition sparkle

From Valentino to Louboutin, capsule collections bring festive glamour to India

LVMH investors jittery over anaemic China's demand for designer goods

Predicting the third-quarter will be the worst for the sector in four years, with a 1 per cent decline in organic sales year-on-year, they also lowered estimates for earnings per share for next year

'Buyers opting for lighter, more affordable pieces amid rising gold prices'

Despite the increase in gold prices, the enduring appeal of gold during festive seasons and weddings remains strong

Armani/Caffe makes India debut with launch at Jio World Plaza in Mumbai

Reliance Retail launched India's first Armani cafe at Jio World Plaza in Mumbai. The upscale cafe, Italian fashion house Giorgio Armani, features designer's favourite dishes, and 52 imported wines

Reliance Retail expects rising demand for premium to fuel Indian market

The oil-to-telecom conglomerate also added that its retail arm remains steadfast in innovating across formats and products to improve customer experience and serve evolving consumer needs

What is the worth of a Dior handbag? Only Rs 4700, an Italian probe reveals

Similarly, Armani's handbags are purchased from suppliers for 93 euros (Rs 8,385), resold to the brand for 250 euros (Rs 22,540), and ultimately priced around 1,800 euros (Rs 1.62 lakh) in stores

Luxury furniture brand Stanley Lifestyles IPO subscribed over 96 times

The initial public offer of luxury furniture brand Stanley Lifestyles got subscribed a whopping 96.25 times on the last day of subscription on Tuesday. The Rs 537 crore initial share-sale received bids for 98,56,97,520 shares against 1,02,41,507 shares on offer, according to NSE data. The portion for Qualified Institutional Buyers (QIBs) fetched 222.10 times subscription while the quota for non-institutional investors got subscribed 118.65 times. The quota for Retail Individual Investors (RIIs) attracted 18.13 times subscription. The Initial Public Offer (IPO) has a fresh issue of up to Rs 200 crore and an offer for sale of up to 91,33,454 equity shares. The initial share-sale has a price range of Rs 351-369 per share. The IPO of Stanley Lifestyles got subscribed 1.43 times on the first day of subscription on Friday. Stanley Lifestyles on Thursday said it raised a little over Rs 161 crore from anchor investors. The net proceeds from the fresh issue to the tune of Rs 90.13 crore

Luxury sales flattening amid self-inflicted creativity crisis, price hikes

The post-pandemic surge in global sales of luxury handbags, shoes and apparel is set to stall this year amid a creativity crisis and price hikes as brands shift focus to the biggest spending customers, a new study by the Bain consultancy said Tuesday. Bain is forecasting flat worldwide luxury sales in 2024 following a slight first-quarter dip, according to the study commissioned by the Altagamma association. The consultancy cited political uncertainty during a presidential election year in the United States as well as economic uncertainty in China that has brought on a phenomenon of luxury shaming." Beyond socioeconomic factors and rising geopolitical tensions, the slowdown is also partly self-inflicted,' said Bain partner Claudia D'Arpizio. She cited a creativity crisis,' in the sector, as a number of major fashion houses are transitioning creative directors, and a new focus on the super-wealthy customers, at the expense of the aspirational middle class and Gen-Z youngsters who ..

Indian Fashion retail: Booming at both ends, lagging in the middle

India's fashion retail sees polarized growth: High-end luxury and budget-friendly brands thrive as mid-range fashion struggles with stagnant sales and economic pressures

These international luxury brands will soon open in India

Business Standard Manthan 2024: 'Next Chanel will be from India'

Panelists agree that Indian luxury brands will expand footprints across globe

BS Manthan: Luxury industry helping in India's economic growth, say experts

The industry provides jobs and helps manufacturing as the economy reaches an aspirational phase, they say at Business Standard summit

Business Standard Manthan: India's luxury landscape brimming with potential

It takes time to establish a brand in this space. It needs support in the form of infrastructure and services. Is India keeping pace with its demands?

When dinner is served: Choosing the right tableware for your home ambience

Porcelain, stoneware or brass: The cutlery must be durable and easy to carry around in a party

Shoppers Stop plans to launch 10-15 new SS Beauty stores this year

The company, which operates 13 SS Beauty stores at the moment, plans to open 10-15 new medium-to-large format stores in the calendar year 2024

Foreign luxury shoes unable to expand footprint in India over BIS norms

The Bureau of Indian Standards for imported footwear requires the companies to float their products in India only after receiving the ISI mark