Retail jewellery major Kalyan Jewellers has decided to make its foray into the US market and has drawn up a plan to launch its first showroom in the country by Diwali. The jeweller also has plans to launch another 40 Kalyan showrooms in India and 30 Candere showrooms. Candere is a wholly-owned subsidiary of Kalyan…
India is the world’s sixth largest textile and apparel exporter having an 11.4 per cent share in India’s overall exports. The government aims to achieve $600 billion of textile exports by 2047 from $44 billion in FY22. However, this one’s a bumpy road for the Modi government. Will Budget 2024 be able to push the…
Saks Fifth Avenue parent HBC will acquire department-store chain Neiman Marcus in a $2.65-billion deal, the companies said on Thursday, giving them stronger negotiating power with vendors and greater ability to control costs. The deal comes with luxury retailers battling slowing demand as high interest rates and inflation force customers to crimp budgets, following a…
