From mass-market mists to niche luxury blends, India's perfume market is booming. As spending on fragrances soars, a new olfactory culture is taking shape - a bottle at a time
India's growing love affair with luxury handbags is not a phase, it's a movement. In boardrooms, at brunches, and across airport lounges, the bag is not just carried, it carries the person holding it
Hilfiger said that it was Mohan Murjani who pushed him in 1985 to build what is today one of the world's premium lifestyle brands
Climate change is a pressing challenge for the luxury goods industry, and businesses have to adopt environment-friendly practices to address this issue, entrepreneurs and experts say. They added that the luxury industry views sustainability as the future of high-end businesses, and companies that prioritise ecology will gain long-term benefits. "Climate change is staring at each of us and environmental consciousness and responsible actions by people and businesses can help both the ecology and the economy," they said at the 'Sasmrti - The Responsible Luxury Roundtable' here. The deliberations were organised by Shweta Thakur Nanda, and Gautam Gupta, co-owner of luxury fashion brand 'Asha Gautam'. Speaking at the function, Blossom Kochhar, Chairperson, Blossom Kochhar Group of Companies, said that the industry must act and live sustainably not just for "ourselves but for our future generations". Sharing similar views, Lipika Sud, Founder Director of LIpika Sud Interiors, said that t
He said that like Swiss watches, known for their craftsmanship, India has a rich tradition of exquisite craftsmanship, whether in textiles or jewellery
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
Couples are buying gadgets, going to wellness spas or buying jewellery for each other
Last month, trade journal Women's Wear Daily had reported that the US luxury conglomerate, which also owns Michael Kors, was working to find buyers for some of its brands, including Versace
The companies' renewed focus on more affordable products is meant to appeal to middle-class aspirational customers who are more price sensitive
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 is expanding its footprint in India to take advantage of strong growth and favorable demographics, Bulgari Chief Executive Officer Jean-Christophe Babin said
Demand from non-metro consumers, coupled with increased interest in luxury brands, drove festive season sales
Couples must plan early to save expenses on decor, venue and menu
From Valentino to Louboutin, capsule collections bring festive glamour to India
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
Despite the increase in gold prices, the enduring appeal of gold during festive seasons and weddings remains strong
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
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
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
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