(Representative Image) New Delhi: Luxury sales this Diwali seem to be a mixed bag for retailers and brands with some reporting double-digit growth in sales over a year earlier while pointing also to subdued sentiments elsewhere. However, most retailers and brands ET spoke with said they have seen an uptick in sales. “Sales for us…
The beauty and fashion e-commerce platform, Nykaa has filed a lawsuit against its former chief business officer, Aakash Asthana, who is now the chief executive officer of Tata Cliq Luxury.Accusations against AsthanaAs reported by The Economic Times, the lawsuit alleges that Asthana breached his employment contract with Nykaa before leaving the company.The lawsuit also claims…
Jean-Christophe Babin, CEO of the Italian jewellery house Bulgari, picks up the B.zero1 Kada bracelet, costing about Rs 12 lakh, from a tray full of iconic jewels, at its store in Mumbai’s Jio World Plaza. “We are probably the only global jeweller to have Indian products such as the mangalsutra and the kada,” he says….
