Page 4 - Luxury Brands

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

Signature luxury: How to build a collection of the finest writing pens

Montblanc, Sailor, Lamy or Sheaffer: the instrument should be good enough to be passed on as a family heirloom

Paintings, photos, passion: How to build an art collection for your home

You could buy a masterpiece or the work of an upcoming artist, but consider these tips to be a connoisseur

Aditya Birla to bring luxury department stores Galeries Lafayette to India

Flagship stores in Mumbai and Delhi will have more than 200 luxury and designer brands

Time for luxury: What to consider when you set out to buy your dream watch

Timepieces costing lakhs of rupees must highlight the owner's taste and personality

Reliance Brands inks pact to introduce luxury brand Balenciaga in India

With this agreement, Reliance Brands will be Balenciaga's sole India partner to launch the brand in the country

RBL signs franchise pact with Balenciaga to introduce the brand to India

With this long-term franchise agreement, RBL will be Balenciaga's sole India partner to launch the brand in the country

Startup style: the smart way of dressing up is to rent your clothes

Lease designer and premium brands from companies that offer attire you can return after wearing for a while