The watches division, meanwhile, has been hit with slowing demand as inflation-strapped shoppers curtail high-end purchases, with the watches and jewellery division's sales down 2% last year
Deepika Padukone, a Bollywood actress and worldwide ambassador, wore a timeless Louis Vuitton outfit to the Louis Vuitton Show during Paris Fashion Week on Monday
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
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
Bulgari is expanding its footprint in India to take advantage of strong growth and favorable demographics, Bulgari Chief Executive Officer Jean-Christophe Babin said
Slump in Chinese demand for Louis Vuitton bags, Dior gowns and other high-end fashion has wiped out more than €150 billion in LVMH market capitalization
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
Sarah Burton, who up until last year was the designer at Alexander McQueen, a Kering SA label, takes over immediately and will present her first collection in March
Shares in LVMH Moët Hennessy Louis Vuitton SE fell as much as 5.2per cent in early Paris trading, the biggest intraday decline since October
US-based private equity firm L Catterton is likely to invest in India alongside its next Pan Asia dollar fund on a pro-rata basis
Bernard Arnault and Jeff Bezos are followed by Elon Musk at the third spot after the latest shuffle. Musk, who had been reigning the first spot for over 9 months, lost the title to Bezos on Tuesday
Deloitte's Global Powers of Luxury Goods rankings 2023 featured six Indian brands on the list of top 100 luxury goods makers globally
At 11th rank globally, Mukesh Ambani, chairman and managing director, Reliance Industries, continued to be the richest Indian on the list
Even if family companies grow to be behemoths like Succession's Waystar RoyCo, family companies are inherently fragile organisations
The country set new benchmarks in the luxury sector this year, attracting the world's top brands and exporting the finest
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
They should hold your daily-use items and match the culture of your workplace
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
Global companies that found mention in the list were Nvidia, SpaceX, OpenAI, Crocs, Taco Bell, BYD, LVMH, and Lockheed Martin
The children audition for Arnault so that he can select who will eventually succeed him and take over the luxury empire