Page 2 - Luxury Brands

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

Demand for spaces in malls pushed retail leasing to all-time high in 2023

Among the sectors, retail leasing was led by fashion and apparel which accounted for around 32 per cent of the total

Luxury renaissance: All that made 2023 a year of opulence and achievement

The country set new benchmarks in the luxury sector this year, attracting the world's top brands and exporting the finest

Formal, casual, always classy: Blazers suit all your style needs

It is a myth that the blazer is meant for the office and that it only comes in dark or grey

DS Group considering investment of Rs 200 cr to expand luxury portfolio

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

Gifting in focus, luxury brands woo buyers with new product launches

Global luxury brands are increasingly seeing India as a luxury destination. This year too, many including Cartier and Jimmy Choo, have launched India-specific collections for the festival season

Save the date: India's largest luxe mall opens its doors on November 1

The mall will showcase a host of prestigious luxury brands, including Bvlgari, Cartier, Louis Vuitton, Versace, Valentino, Manish Malhotra, Abu Jani Sandeep Khosla, and Pottery Barn, among others

Reliance Retail to open luxury stores under 'Swadesh' brand globally

These stores will focus on upscale ethnic handicrafts, fusion clothing, jewellery, blue pottery, silverware, home decor, and carpets

How is India's luxury market turning into a magnet for foreign brands?

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

About 20 foreign brands likely to set up stores in India this year

The brands are looking to set up stores in Mumbai, Delhi-NCR, Bengaluru, and Hyderabad in the first phase of the launch and will later expand their presence in Pune, Ahmedabad, Chennai, and Kolkata

What is purse furniture, and why is it gaining popularity on the internet?

A new internet trend has emerged in which restaurants have created a secure spot to keep your luxury bags

Gucci's CEO is stepping down as its French parent shakes up leadership

The president and CEO of Gucci is stepping down later this year, the latest shakeup to the luxury fashion brand and coming as part of a series of changes to its parent company, the French conglomerate Kering. Marco Bizzarri will depart the Italian design house in September after eight years at the helm, with Kering saying on Tuesday that he "masterminded the execution of Gucci's outstanding growth strategy since 2015". He was part of Kering's leadership for 18 years. Bizzarri will be replaced by Jean-Francois Palus, who is now Kering's managing director. Palus will be tasked with strengthening Gucci's teams and operations as the brand rebuilds influence and momentum, according to the company's statement. Historically, Gucci accounted for most of Kering's profits, but it has been under some scrutiny after underperforming rivals. Kering also said it was promoting Yves Saint Laurent President and CEO Francesca Bellettini as deputy CEO for brand development, managing all of its fashion

'Smaller than a grain of salt': LV's miniscule handbag sold for $63,000

Louis Vuitton: The bag was auctioned off for $63,750 as part of the Just Phriends sale, which took place from June 19 to June 27 at Pharrell Williams' auction house, Joopiter

World's richest man Bernard Arnault auditions his kids to run luxury empire

The children audition for Arnault so that he can select who will eventually succeed him and take over the luxury empire

Luxury brand LVMH's market value surpasses $500 bn, a first in Europe

Shares of Paris-based LVMH Moet Hennessy Louis Vuitton SE, as the company is formally known, climbed 0.3% to €903.70 at 10:43 a.m. Monday, valuing the company at €454 billion ($500 billion)

The world is volatile but luxury brands remain in vogue, says report

In the 2008 financial crisis, the sector had two quarters of lower sales, while global GDP contracted for four quarters

LVMH breaks into world's top 10 as market value nears $500 billion

A first-quarter sales beat sparked a 5% increase in the share price Thursday, giving the luxury powerhouse a 29% rally for the year

L'Oreal to buy luxury cosmetics brand Aesop in $2.5 billion deal

At L'Oreal, Aesop joins a cast of luxury brands such as Lancome and Yves Saint Laurent as the French company bets on a continued drift toward high-end cosmetics

53% Indians likely to buy art, watches, luxury handbags in 2023: Report

More than half of ultra-high net worth individuals (UHNWIs) in India are likely to purchase art along with watches and luxury handbags during this year for passion-led investment, according to Knight Frank India. Real estate consultant Knight Frank has released its 'The Wealth Report 2023' on wednesday through virtual conference. According to Knight Frank Luxury Investment Index (KFLII), which tracks the value of ten investments of passion, has increased by a healthy 16 per cent during 2022, comfortably outpacing global inflation rate whilst outperforming majority of mainstream investment classes, including equities and gold. Among the ten passion investments, Knight Frank said art was the top performer with a return of 29 per cent in a 12-month period ending December 2022. This was followed by classic cars whose price index has appreciated by 25 per cent YoY (year-on-year) in 2022, highest in last 9 years. As an example, a Mercedes-Benz Uhlenhaut Coup sold in 2022 for USD 143 ...

Flaunt factor: Rising affluence sees India's market for luxury brands swell

China, which is also an important market for luxury brands, has been impacted due to Covid-induced lockdowns over the past two years