Desirée Bollier, wearing thick, black-rimmed glasses and a sharp grey suit, says luxury industry is facing an existential crisis after Covid. “Many luxury houses,” she says, “are using this crisis to rethink everything—from supply chains to design.” Bollier would know. She is the chair and global chief merchant of Value Retail. It is the operator…
The global luxury industry, largely headquartered in Europe, is perilously close to pricing itself out of the market. Top international brands have been growing their margins by increasing prices, a process that speeded up since the pandemic. The industry now derives an enormous part of its business from the top tier of its clientele, and…
Business is growing in double digits for Panerai in India, and the country could do with more real estate projects catering to the luxury industry, Jean-Marc Pontroue, CEO of luxury watchmaker Panerai told ET. Panerai currently has three boutiques and also retails through ten multi-brand retailers across the country. It will launch its fourth boutique…
