Tanishq, an Indian jewellery brand, has opened its store here and in Frisco as part of its global business expansion strategy and to cater to the growing needs of the Indian diaspora in the US. The US state of Texas, with the second largest Indian Diaspora, is now home to two of Tanishq’s stores, one…
Foot Locker‘s steep discounts powered a solid start to the retailer’s holiday season sales and prompted it to tighten its annual profit and sales expectations, sending its shares surging as much 22% on Wednesday. More than 200 million shoppers made purchases both in-store and online during the Thanksgiving weekend, the National Retail Federation said on…
ZURICH: Richemont, owner of jeweller Cartier, said on Wednesday it would not inject any cash into online luxury retailer Farfetch, following a report that the latter was exploring going private. Farfetch founder Jose Neves is considering the move after a troubled New York Stock Exchange listing for the loss-making British company, and is working with…
PARIS – Fashion group SMCP, owner of French fashion labels Sandro and Maje, said on Thursday it signed a deal with Reliance to expand into India and will join other high-end European brands opening stores in the Jio World Plaza mall in Mumbai. “There aren’t a lot of accessible luxury fashion labels in India so…
Last week, the initial public offering (IPO) market in India experienced a flurry of activity with the launch of IPOs by five companies, including Tata Technologies, Ireda, Flair Writing Industries, and Gandhar Oil Refinery. This surge in IPOs has sparked conversations about the grey market and grey market premium (GMP). Let us delve into what…
Representative image India matters, and all over the world, luxury brands are looking at India, says Bénédicte Epinay, CEO of Comité Colbert, the official luxury association of France that represents 93 luxury brands and behemoths such as LVMH, Chanel and Kering. “Is India the next promising market? There are obstacles such as custom duties and…
The country’s largest bank, the State Bank of India, has taken possession of two residential properties owned by PC Jeweller Ltd. in New Delhi after the firm and its guarantors failed to repay Rs 1,168.90 crore. In a notification, the lender cautioned the public not to deal with the property and that any dealings with…
New Delhi: Foot Locker, the New York-based specialty athletic retailer, on Wednesday, has announced the signing of a long-term licensing agreement with Metro Brands Limited (MBL), a footwear and accessories specialty retailer, and Nykaa Fashion, a cosmetics-to-fashion retailer, according to a media release. Under the terms of the agreements, MBL is granted exclusive rights to…
Tata Advanced Systems Ltd (TASL) has established a facility in Bengaluru to manufacture high-resolution imagery satellites for the armed forces. This move is aimed at enhancing surveillance capabilities in border areas – a big bet on the military space sector. According to an ET report, the facility will produce sub-metre resolution satellites and will include…
As European capitals prepare to implement long-awaited sanctions on Russia‘s diamond exports, Belgian traders are bracing for new scrutiny of their industry. In Antwerp’s renowned diamond district — which handles an estimated 86 percent of the world’s rough diamonds — polishing “labs” are turning to blockchain technology to prove their gemstones come from legitimate mines…
