Representative Image Chanel has bought a 25% stake in high-end Swiss watchmaker MB&F, known for its quirky watch designs, the French luxury house said on Thursday, adding it was part of strategy to increase its presence in watch-making. MB&F has built a reputation as a maker of small series of watches inspired by retro futuristic…
Sales of used luxury items in India are soaring, reflecting the growing aspirations of young shoppers and consumers in tier-II and tier-III markets, and fuelling a previously untapped market. Despite signs of a slowdown in the global market for luxury goods, India’s Luxepolis, which claims to have an online user base of 3.5 million, recorded…
PARIS: Early holiday shopping season discounts from high-end fashion retailers like Bergdorf Goodman on New York’s Fifth Avenue raised concern that a lacklustre Christmas could lead to inventory gluts – potentially dragging labels into a discounting spiral that would cheapen their image. The latest U.S. credit card data from Barclays released on Wednesday showed that…
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…
NEW DELHI: From farmers to fashion designers, the government and export promotion councils will showcase the entire value chain at the biggest ever textile show in February. The show will cover not just Bharat Mandapam but also the newly built Yashobhoomi in the capital, as it seeks to position India as a major player in…
Representative image Global sales of luxury goods will likely not grow significantly in the fourth quarter, with tourist flows to Europe key to spending there as local shoppers tighten their purse strings, consultancy Bain & company said. “It will really be linked to tourist flows,” said Bain partner Federica Levato of spending on high end…
