Representative image New Delhi: Luxury sneakers and streetwear platform, Crepdog Crew (CDC) has launched its third store in Banjara Hills Hyderabad spread over 7000 square feet. The brand currently runs its flagship store in Delhi and another outlet in Mumbai. The store will feature homegrown brands including Balav, Deadbear, Esthreall, Huemn, Panjloh, and The Aesthetic…
Representative image French luxury goods company Kering has named Stefano Cantino as CEO of its star label Gucci, firming up management of the Italian fashion house it has been seeking to revive, and adding he would succeed Jean-Francois Palus in January. “I am confident that, building on what has been set up over the past…
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…
Zoya, the luxury jewellery brand from the House of Tata, recently opened its 11th store in Chennai. The brand plans to take the total store count to 15 by the end of this fiscal year. The brand believes that it is well positioned for strong growth and expansion. “In the next 5-10 years, there will…
Luxury watchmaker Vacheron Constantin‘s relations with India date back to the times of the maharajahs, and now the Swiss brand is paying “close attention” to the country for emerging opportunities and consumer trends, said Christophe Ramel, its managing director for the Middle East, India and Africa. “The Maison enjoys great awareness among Indian watch collectors…
Representative Image The 155-year-old Bangalore-based legacy jeweller C. Krishniah Chetty (CKC) is looking to enter the lab-grown diamond and high-end silver jewellery businesses in a big way. To begin with, crash.club by CKC has sold the largest lab-grown diamond ever recorded in India—a 20.06-carat emerald-cut diamond. This sale marks a significant leap forward in the…
The world’s largest luxury group, LVMH, said Tuesday its half-year net profit slid 14 percent amid an uncertain geopolitical and economic environment. The drop in profit to 7.26 billion euros ($7.88 billion) was accompanied by a one-percent dip in sales to 41.68 billion euros by the group whose brands include Louis Vuitton, Dior, Celine and…
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…
(Representative Image) Italian luxury group Prada is not looking at big acquisitions as it is focused on the brands it already owns, its Chief Executive Andrea Guerra said on Monday. In an earlier report, Marketing director, Bertelli shared “The Prada group is and will always be looking around for opportunities”. Prada was planning to invest…
Representative image Coach handbag maker Tapestry cut its annual sales forecast and missed third-quarter revenue estimates on Thursday, signaling weak demand for its tote bags and accessories in North America and China. Shares of the Kate Spade owner fell 2% as the company also forecast fourth-quarter profit below expectations. Reduced discretionary spending in North America…
