In a landmark move for Italian fashion, Prada has announced its acquisition of iconic rival Versace from Capri Holdings in a deal valued at USD 1.375 billion. The strategic takeover not only unites two of Italy’s most influential fashion houses but also strengthens the country’s position in a global luxury market long dominated by French…
The luxury market, once a bastion of steady growth, is experiencing an unprecedented downturn. This decline has been starkly illustrated by the recent financial results of LVMH Moet Hennessy Louis Vuitton SE, a leader in the luxury goods sector. The slowdown in luxury spending, especially from key markets like China, has raised concerns about the…
Representative Image New Delhi: Swiss watchmakers are increasingly focusing on India, which is emerging as a lucrative market for premium watches. The rising interest among Gen Z and millennial consumers who are inclined towards luxury experiences and products is driving this trend according to a Deloitte report, released on Wednesday. The report highlights the Trade…
