Luxury Market

Golden Growth Fund deploys ₹58 cr in South Delhi luxury floor projects

Golden Growth Fund said it has deployed Rs 58 crore to acquire two South Delhi projects in Anand Niketan and Niti Bagh for luxury floors, with an estimated sales potential of Rs 85 crore

Gucci to Sabyasachi: Luxury's 2nd life becomes bargain hunters' first love

Ziniosa, Kuro, and ReTag are turning pre-owned luxury into big business

Giorgio Armani's Will directs heirs to sell majority stake, consider IPO

The late designer's will calls for an initial 15 per cent sale within 18 months, followed by up to 54.9 per cent more in 3-5 years

Used luxury car sales jump 30% in tier 2 cities; 80% buys now digital

According to Spinny's April-June quarter report, Audi Q3, BMW X1, and Mercedes GLA were the top luxury models sold

Luxury industry needs to adopt climate-friendly practices: Experts

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

Is India next luxury superpower? Hublot CEO bets on strategy, innovation

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

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

In this episode of Manager’s Mantra, we sit down with Manoj Adlakha, CEO and Founder of RedBeryl Lifestyle Services, to explore the evolving luxury service 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