Page 5 - Luxury Brands

Gurugram: 2 booked for fraudulently taking loans worth crores of rupees

Police here booked two directors of a luxury car showroom for fraudulently taking loan worth crores of rupees using three luxury cars. According to the complaint filed by Jeebu Joseph, branch manager of The South Indian Bank Limited, Gurgaon Sector 23 that Zenica Cars India Pvt. Ltd, located on Golf Course road and an authorised dealer of Audi cars are enjoying three car loans from our branch under one banking arrangement. All three loans were disbursed in 2017. Rashpal Singh Todd and Mandhir Singh, the directors of the borrower company had joined the documents as guarantors to all the three loans. However, the account was classified as non performing asset (NPA) in 2018, it said. "On further enquiry, while scrutinising the list of entities uploaded in Central Fraud Registry [CFR] for the month of September 2018, we had observed that HDFC Bank had classified M/s Zenica Cars India Pvt. Ltd as fraud," the complaint read "Accordingly, an investigation was conducted in the branch it is

What is behind reliance retail's expansion spree?

Reliance recently partnered with GAP to bring the luxury brand to India. Reliance has also brought home some 35 international brands. Let's explore the growth strategy of Reliance Retail.

Your private space: Why designing a bathroom matters

It is the sanctuary at home, plan carefully when you decorate it and mind details in picking accessories

Men's luxury brand portfolio up 46% in 2021 from pre-Covid yr 2019: Report

According to the 2022 edition of Atlas of Affluence (AOA), a white paper on luxury brand from Reliance Brand Ltd (RBL), 57 per cent of men claimed that their fashion spending has increased

Indian fashion designers find ways to make luxury accessible

Expanding his brand's footprint and offering a window into the world of couture, designer Manish Malhotra displayed his new "ease-to-couture" line, DIFFUSE at the recent FDCI x Lakme Fashion Week

Indian luxury handbag brand 'Aranyani' launched in New York

Consul General Randhir Jaiswal, addressing a gathering at the event on Wednesday, said that the launch of Aranyani' symbolises the best of India coming to New York

Gucci powers forecast-beating sales growth in fourth quarter for Kering

The strong comeback by Gucci after a disappointing third quarter will come as a relief for Kering, as the label accounts for 60% of its revenues and around 70% of its profits

Sole searching: Preference for smart casual footwear may outlast pandemic

As some things - like office attire and formal shoes - were pushed to the back of closets, stuff that spelled comfort quickly took their place

Will luxury brands focus more sharply on India in the post Covid phase?

High end luxury brands would be looking at India for their growth in the post Covid phase.

2021, the year that was: Indian couture catches corporate eye

The year was peppered with a slew of corporate acquisitions in labels by leading Indian fashion designers

French luxury brand Chanel appoints Unilever CHRO Leena Nair as CEO

Nair will step down as Unilever's chief human resources officer in January to join the French luxury brand

Luxury shopping gets a festive lift after a lacklustre year-and-a-half

Going with the mood, Delhi's luxury hotels, too, are pulling out all the stops when it comes to food and hampers

Burberry appoints Versace boss as CEO with a £6-mn 'golden hello'

Jonathan Akeroyd oversaw the sale of Versace to US group Michael Kors while Burberry, the 165-year-old group, had been searching for a chief since June

How WoWExp technologies is helping luxury brands boost up their sales with its immersive deep-tech platform?

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Aditya Birla Fashion buys 51% stake in luxury designer brand Sabyasachi

Founded by Sabyasachi Mukherjee, the "Sabyasachi" brand is India's largest and most influential luxury designer brand with strong Indian roots and global appeal

Prada to post 2020 operating profit after strong second-half sales rebound

Italian fashion group Prada said it would close 2020 with an operating profit despite the hit from the coronavirus, after revenues and profitability improved markedly in the second half of the year

Super-rich are buying luxury products online like never before

It's not just the number of online auctions that have risen. Buyers' price threshold has shot far beyond anyone's expectations

How Manish Arora went from being 'god' of fashion to failed businessman

Manish Arora was the breakout fashion star of India. Today, his business is in tatters, with a trail of debts. What happened?

Life without LVMH? How Tiffany might fare without the French luxury giant

The deal would have been the biggest-ever in the global luxury industry, allowing Tiffany to quickly expand its global presence and invest more money in spruced-up stores

Dueling over diamonds: LVMH says Tiffany not worth buyout as spat gets ugly

It's an ugly spat for such a glamorous industry: French luxury powerhouse LVMH and US jeweler Tiffany & Co. are blaming each other for the collapse of what would have been the sector's biggest-ever buyout deal. Paris-based LVMH had announced Wednesday it was abandoning the USD 14.5 billion takeover plan because the French government had requested a delay to assess the impact of proposed U.S. tariffs. Tiffany sued to enforce the deal, and on Thursday LVMH lashed back. The Paris-based conglomerate whose holdings including Christian Dior, Louis Vuitton, Moet & Chandon, Bulgari and Sephora issued a statement threatening legal action of its own, accusing Tiffany of mismanaging the financial crisis prompted by virus lockdowns. LVMH criticised Tiffany for issuing dividends even as it was losing money, and Tiffany's performance in the first half of this year was significantly worse than that of other LVMH brands during the period. "LVMH confirms that the conditions are not met" to ..