Luxury Market

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

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

Rajasthan's tourism industry seeks a dedicated board in new policy

The state government recently presented a draft of the new tourism policy and invited suggestions from the industry. Almost all stakeholders have given their inputs

Unlocking the Luxury Market in India

Novotel Guwahati inducts EVs in its fleet to reduce carbon footprint

Luxury hotel chain Novotel on Thursday said it has introduced a range of electric vehicles in its fleet to reduce carbon footprint, the first such move by any hospitality group in Northeast. Announcing the development, the company in a statement said that it will double the fleet of electric vehicles at its Guwahati property in the coming months. "Marking first of its own kind initiative by any 5-star property in Northeast India, Novotel Guwahati recently introduced two electric cars, marking a significant step in their commitment to reducing carbon footprint and promoting eco-friendly transportation," it added. The move was a part of the company's ongoing sustainability initiative aimed at supporting both the environment and the local community, the release said. In the spirit of continuous improvement, Novotel plans to expand its EV fleet with two more electric vehicles in the near future, it added. Commenting on the development, Novotel Guwahati general manager Manmeet Singh sa

Mixed media: Art made of everyday objects has a brush with market

It allows artists to express various themes without being confined to a single medium

Billionaires' wish: Concierge companies rise to serve India's richest

Organising a private wine-tasting event in Tuscany or a coaching class with an international sport champion: Wealthy clients have a demanding wish list

'Luxury shame' hits China's luxury market as elites dial down on austerity

The elite in the Land of the Dragon are refraining from ostentatious purchases, putting the nation's luxury market under strain

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

Tata CLiQ to have a bigger pre-owned luxury basket: CEO Gopal Asthana

In addition, with the growing influence of Western fashion trends and the rise of disposable income, consumers are looking at buying exclusive pieces easily available

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

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

Club is a place for people to work, meet, entertain: Vivek Narain

They are the third space, 'away from home and office': CEO of The Quorum

Good times for the Swiss watches; 2022 saw highest ever demand in India

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

63% of Indian consumers cut back on non-essential spending: PwC report

Nearly half of Indian consumers said rising prices remain the biggest issue when shopping in-store

World's richest man eyes India's luxury market with landmark Dior show

Dior's not new at showcasing its collections at untapped locations with iconic architecture serving as backdrop to its runways

Just two months into 2023, Lamborghini crosses its India sales target

Lamborghini has already received orders for 100 cars in India in less than two months

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

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