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The Collective opens outlet at Pacific Premium Outlets mall

The Collective will be housing many brands including, True Religion, Armani Exchange, Versace, etc New Delhi: Premium retail concept store The Collective has opened its latest outlet at Pacific Premium Outlets mall in Jasola, New Delhi, Pacific Development Corporation Ltd....

Kidswear brand Les Petits enters Hyderabad

The new outlet raises the total number of stores in India to four Bengaluru: Les Petits, a luxury fashion brand for kids, strengthened its foothold in South India with the launch of a new store in Hyderabad at Banjara Hills, the...

The impact of COVID-19 on luxury segment

The novel Coronavirus has dramatically changed things overnight. The pandemic has presented a paradigm shift in consumer behaviour, whether it is with regards to the daily lifestyle or spending on luxurious goods. COVID-19 has slashed revenues to half for...

Luxottica Group and Versace renew license agreement

Luxottica Group and Versace announced the early renewal of an exclusive license agreement for the development, production and worldwide distribution of sunglasses and prescription frames under the Versace brand. The ten-year renewal is effective starting April 1, 2020 and...

Indian Online Kidswear Market: Comes out of infancy stage, registers growth

Fathom this - e-commerce marketplace fashion player Myntra has more than 400+ kidswear brands listed on their portal. Amazon has close to over 200 and Flipkart has over 2,000+ brands listed under their kidswear category! The online market for...

Alibaba’s 6.18 Mid-Year Shopping Festival breaks records across China

Alibaba Group’s Taobao and Tmall shattered multiple records during this year’s '6.18 Mid-Year Shopping Festival,' sating a rising demand from consumers in less-developed cities for quality products.This 6.18 was the most-inclusive ever, with over 200,000 brands taking part. Innovative...

Global Retailers in India: Moves, leaps & hurdles

India’s enchantment with foreign brands is no secret but the wheel has now turned to a full circle. Today, it’s the foreign brands that are chasing the Indian consumers. India is poised to become the third largest consumer economy...

Michael Kors acquires Versace; to be renamed as Capri Holdings Limited

Michael Kors Holdings Limited, a global fashion luxury group, announced that a definitive agreement has been signed to acquire all of the outstanding shares of Italian luxury fashion house Gianni Versace S.p.A. for a total enterprise value of Euro...

Italian fashion and lifestyle major Versace plans to launch furniture range in India

Italian fashion and lifestyle major Gianni Versace is planning to bring in its range of furniture in India to tap the fast-growing luxury market here.According to a PTI report: At present, furniture is the only product category in Versace’s...

Himalaya Optical opens second store in Nagpur

In the rapidly expanding Indian retail scenario, the consumers are demonstrating a rare aptitude towards shopping. The best and the widest collection under one roof, coupled with the finest retailing experience, is the demand of today’s shoppers. Glitzy stores...
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Swiggy announces 5th ESOP liquidity programme worth $65 million

So far, the company has cumulatively enabled over Rs 1,000 crore of ESOPs liquidity over the five events, benefitting...
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