Luxury Brands

A supplier who makes bags for Birkin said that the cost price of models that sell for $34,000 (about Rs 29 lakh) are actually as low as $1,400 (Rs 1.2 lakh). Some of the Chinese suppliers also offer to cover the import duties and provide free shipping to consumers.

Hermes in ‘league of their own’ as family gets $5 billion payout

The company reported a jump in fourth-quarter revenue while rivals LVMH Moët Hennessy Louis Vuitton SE and Gucci-owner Kering SA recorded declines.

Prada could be weighing purchase of Versace: Report

The luxury house is working with adviser Citi to decide whether to pursue a deal, Sole said, citing market speculation

E-comm platforms make record festive sales of Rs 1 lakh cr, demand for luxury brands rise: Report

The increase in demand from non-metro consumers, and rise in purchases of luxury brands boosted the sales.

India's luxury fashion market set to grow as global brands eye expansion

Leading luxury brands like Gucci, Cartier, and Louis Vuitton have inaugurated outlets in the recently unveiled Jio World Plaza Mall in Mumbai.

Coach Owner to Buy Parent of Versace and Michael Kors in Luxury Mega Merger

The deal between two large U.S. companies with familiar luxury brands comes as high-end retailers look for growth amid signs that U.S. consumers are pulling back on discretionary spending.

This company gave a bonus of Rs 3.5 lakh to each of its 19,700 employees

The company stated that the payment of this bonus is part of the "value sharing" policy and goes hand in hand with an increase in the dividend distributed to shareholders.

Diesel's Rs 60,000 jacket reminds Twitter of cabbage, PUBG's ghillie suit and more

Internet was quick to point out similarities between the Diesel jacket and cabbage.

Luxury brands get half of their sales from e-commerce: Saxena of Tata CLiQ Luxury

Tata CLiQ Luxury is launching categories such as sports and fitness and home furnishings on its platform.

Reliance Brands becomes official retailer of Italian luxury brand Tod's in India

Tod's has been operational in India since 2008 with mono brand stores in DLF Emporio, New Delhi and Palladium, Mumbai and multibrand ecommerce platform Ajio Luxe.

Storyboard18 | Pandemic didn’t hurt sales of luxury brands in India. Here’s why

Renewed focus on digital messaging and video-assisted sales kept the luxe market in India buoyant throughout 2020 and pushed sales up in 2021.

World’s top 10 most valuable luxury brands in 2021

Luxury brand Louis Vuitton takes the top spot as the world’s most valuable luxury brand with a valuation of $75.7 billion. According to the latest Brand/Kantar data luxury category saw 34 percent brand growth in 2021 with, predominantly, French and Italian companies. Let’s find out the other luxury brands in the top ten list by their brand valuation in 2021.

Are you ready for a watch buying experience that brings alive a luxury watch in 3D?

Luxury brands may have been motivated by loss of business due to lockdowns to integrate technology into their businesses, but the uptake has been quick and exciting.

Grey market can destroy luxury brands — watch enthusiasts voice their views on the disturbing trend

Luxury watch insiders deliberate on the menace of timepieces sold on the sly underground, sometimes by brands and authorised dealers themselves.

Luxury fashion brands bet on anti-virus fabrics to revive fortunes amid COVID-19

Brands such as Armani and Diesel are collaborating with companies with proprietary anti-viral technology to create luxury fabrics. India has also thrown its hat in the ring.

Investors factoring earnings uptick from Q1FY17: Dimensions

It is unlikely that investors are factoring in an uptick in earnings before Q1FY17, says Ajay Srivastava of Dimensions Consulting. The inherent characteristic of the market continues to be bullish, he adds

Innovation made us strong in India; optimistic on '14: Rado

Matthias Breschan, CEO, Rado says the luxury watch brands that are suffering today were doing rather well quite a few years ago. But they increased their prices without having altered the substance, the value that is inside the product.

Luxury brands step up battle for travelling shoppers

The French luxury brand, the world's second-biggest behind Louis Vuitton by sales, has boutiques in four Asian airports and one at London's Heathrow, and next year will open a boutique in Paris Roissy Charles de Gaulle airport and another in Dubai.

Genesis Colors' Sanjay Kapoor opens door to luxury in India

It is the Genesis Luxury unit, started in 2008, which is currently in the spotlight, working as local partner for 17 of the most exclusive foreign brands in India – from Armani, Burberry and Etro to Paul Smith, Bottega Veneta, Jimmy Choo and Canali – helping them navigate both local consumer tastes and local real estate.

Music always intrigued me: Shatrujit Tikka Singh

Keith Sequeira in a tete-a-tete with Shatrujit Tikka Singh, the advisory for Louis Vuitton Moet Hennessy . He has been associated with luxury and luxury brands for the past 10 years.

Optimistic about Indian opportunities, says Burberry CEO

In an exclusive interview to CNBC-TV18’s Shereen Bhan, the chief executive officer of Burberry, Angela Ahrendts says that she sees great opportunities for growth in India.

Dept store margins to go up in future qtrs: Shoppers Stop

Chandrashekar Navalkar, CFO of Shoppers Stop, in an interview on CNBC-TV18 says the retail chain has seen same store sales growth at 22% in the third quarter.