Indian luxury market to touch $15 b by 2014-15: Assocham

KOLKATA: Irrespective of the continued global economic slowdown, the luxury market in India is pegged to grow at 25% in 2013 till 2015 and likely to touch US $15 billion from the current level of US $8 billion, reveals the Assocham (Associated Chambers of Commerce and Industry of India) Yes Bank study. While releasing the […]

No slowdown in luxury retail: LVMH

LVMH, the French luxury-goods group that includes Louis Vuitton, TAG Heuer and Moet & Chandon among its brands, plans to aggressively” catch up with the leading watch rivals, Omega and Rado over the next three to five years, and attain leadership in the country. The company which has witnessed a steady double-digit growth” since its […]

Luxury brands target India’s conservative markets

With traditionally conservative markets like Surat, Chennai and Kolkata now emerging as the cities for luxury labels more and more international luxury brands are looking to make their presence in these places. These cities have opened a wealth of opportunity for brands like Louis Vuitton, Armani and Burberry. As Sanjay Kapoor, MD, Genesis Luxury puts […]

DLF to build another luxury mall

Keeping a million or so footfalls each month at its two premium properties in the national capital – the Promenade and the Emporio – DLF, now has plans to set up another luxury mall in the Delhi-NCR region. Pushpa Bector, Senior Vice President with DLF Utilities who also heads DLF Promenade, said they are happy […]

French luxury brand Triangle enters India

The French luxury brand, Triangle, has entered India in alliance with Delhi-based FX Entertainment, a distributor of audio/video brands in the Indian market. Under the agreement, FX Entertainment has been appointed as the exclusive distributor for Triangle’s super premium range of loudspeakers for the Indian territory. Triangle products will be retailed by the distributor through […]

Global luxury brands opt for ‘sale’ route to woo customers

After the rush to declare early discount sale by most global and domestic apparel brands and retailers, to clear inventories and make way for the fresh stocks, global luxury giants like Chanel, Christian Dior and others too have joined the fray. Most have opted for sale or low price-tags on select items to attract first […]

Alfred Dunhill denies media reports about exiting India business

Contrary to media reports doing the rounds in India about luxury brand Alfred Dunhill winding up its India operations, a statement sent by the company has strongly denied it. The statement says: “Alfred Dunhill Ltd. has no intention of exiting the Indian market place. We are proud and committed to our loyal Indian customers and […]