Luxury Goods

Is India next luxury superpower? Hublot CEO bets on strategy, innovation

At BS Manthan, Hublot CEO Julien Tornare delved into what it takes to build a global luxury powerhouse, why authenticity and innovation matter, and whether India can create its own LVMH

Gucci, Louis Vuitton sales skyrocket in Tier-II, III cities as demand rises

E-commerce, travel retail, and rising consumer aspirations beyond metro markets are driving the surge in demand for luxury brands. Online sales from smaller towns have doubled compared to last year

Luxury brands bulk up on low-priced products for middle-class shoppers

The companies' renewed focus on more affordable products is meant to appeal to middle-class aspirational customers who are more price sensitive

Global luxury sales to fall 2% in 2024, among weakest years on record: Bain

"This is the first time the personal luxury goods industry has declined since the 2008-09 crisis, with the exception of the pandemic," Bain partner Federica Levato told Reuters

US court blocks Tapestry's $8.5 bn acquisition of rival Capri; win for FTC

Decision comes as a win for the Biden administration ahead of the Nov 5 presidential election, in which rising consumer prices have become a top concern for voters

US antitrust trial in Tapestry bid for Capri ends, decision awaited

A US federal judge will decide whether to block the merger that was announced in August 2023, or allow it to proceed, decision could be expected anywhere between three weeks to three months

These international luxury brands will soon open in India

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

This brand beat Titan to lead as India's luxury goods maker on top 100 list

Deloitte's Global Powers of Luxury Goods rankings 2023 featured six Indian brands on the list of top 100 luxury goods makers globally

Quiet luxury explained: The old-money aesthetic that took over 2023

Quiet luxury is about investing in high-quality, subtle fashion pieces over logos and overt brand displays

Consumer durables see premiumisation shift, affordable segment lags

The premiumisation trend was visible among all key categories like televisions, refrigerators, and washing machines

A million dollar arm candy

From Pharrell Williams' million-dollar creation for Louis Vuitton to iconic pieces by Chanel, Fendi, and more, high-end bags come with a unique tale of opulence and style

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

Stylish and sturdy: Stainless steel cutlery gets branding upgrade

Dinnerware becomes the favourite of chefs and families to serve food before guests

Art, watches & luxury handbags to see the highest interest from ultra-rich

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

Style statement that goes with you everywhere: shopping for luxury handbags

They should hold your daily-use items and match the culture of your workplace

'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

Pride of place: How to choose the perfect display cabinet for home

It should match the aesthetic of your room, easily visible and protect your treasured items

Blanket rule for winter: What you need to be covered for the season

The market has multitude of choices: pick a blanket that will last long and is not cumbersome

2022 in review: How Brand Deepika became India's global face of luxury

From LV and Cartier to Cannes, the actor has had a sizeable brand presence this year