Business Standard

Luxury brands

What is the worth of a Dior handbag? Only Rs 4700, an Italian probe reveals

Similarly, Armani's handbags are purchased from suppliers for 93 euros (Rs 8,385), resold to the brand for 250 euros (Rs 22,540), and ultimately priced around 1,800 euros (Rs 1.62 lakh) in stores

What is the worth of a Dior handbag? Only Rs 4700, an Italian probe reveals
Updated On : 04 Jul 2024 | 3:54 PM IST

Luxury furniture brand Stanley Lifestyles IPO subscribed over 96 times

The initial public offer of luxury furniture brand Stanley Lifestyles got subscribed a whopping 96.25 times on the last day of subscription on Tuesday. The Rs 537 crore initial share-sale received bids for 98,56,97,520 shares against 1,02,41,507 shares on offer, according to NSE data. The portion for Qualified Institutional Buyers (QIBs) fetched 222.10 times subscription while the quota for non-institutional investors got subscribed 118.65 times. The quota for Retail Individual Investors (RIIs) attracted 18.13 times subscription. The Initial Public Offer (IPO) has a fresh issue of up to Rs 200 crore and an offer for sale of up to 91,33,454 equity shares. The initial share-sale has a price range of Rs 351-369 per share. The IPO of Stanley Lifestyles got subscribed 1.43 times on the first day of subscription on Friday. Stanley Lifestyles on Thursday said it raised a little over Rs 161 crore from anchor investors. The net proceeds from the fresh issue to the tune of Rs 90.13 crore

Luxury furniture brand Stanley Lifestyles IPO subscribed over 96 times
Updated On : 26 Jun 2024 | 12:16 AM IST

Luxury sales flattening amid self-inflicted creativity crisis, price hikes

The post-pandemic surge in global sales of luxury handbags, shoes and apparel is set to stall this year amid a creativity crisis and price hikes as brands shift focus to the biggest spending customers, a new study by the Bain consultancy said Tuesday. Bain is forecasting flat worldwide luxury sales in 2024 following a slight first-quarter dip, according to the study commissioned by the Altagamma association. The consultancy cited political uncertainty during a presidential election year in the United States as well as economic uncertainty in China that has brought on a phenomenon of luxury shaming." Beyond socioeconomic factors and rising geopolitical tensions, the slowdown is also partly self-inflicted,' said Bain partner Claudia D'Arpizio. She cited a creativity crisis,' in the sector, as a number of major fashion houses are transitioning creative directors, and a new focus on the super-wealthy customers, at the expense of the aspirational middle class and Gen-Z youngsters who ..

Luxury sales flattening amid self-inflicted creativity crisis, price hikes
Updated On : 18 Jun 2024 | 10:12 PM IST

Indian Fashion retail: Booming at both ends, lagging in the middle

India's fashion retail sees polarized growth: High-end luxury and budget-friendly brands thrive as mid-range fashion struggles with stagnant sales and economic pressures

Indian Fashion retail: Booming at both ends, lagging in the middle
Updated On : 23 Apr 2024 | 8:06 AM IST
Updated On : 03 Apr 2024 | 6:40 PM IST

Business Standard Manthan 2024: 'Next Chanel will be from India'

Panelists agree that Indian luxury brands will expand footprints across globe

Business Standard Manthan 2024: 'Next Chanel will be from India'
Updated On : 28 Mar 2024 | 11:32 PM IST

BS Manthan: Luxury industry helping in India's economic growth, say experts

The industry provides jobs and helps manufacturing as the economy reaches an aspirational phase, they say at Business Standard summit

BS Manthan: Luxury industry helping in India's economic growth, say experts
Updated On : 28 Mar 2024 | 2:39 PM IST

Business Standard Manthan: India's luxury landscape brimming with potential

It takes time to establish a brand in this space. It needs support in the form of infrastructure and services. Is India keeping pace with its demands?

Business Standard Manthan: India's luxury landscape brimming with potential
Updated On : 24 Mar 2024 | 10:44 PM IST

When dinner is served: Choosing the right tableware for your home ambience

Porcelain, stoneware or brass: The cutlery must be durable and easy to carry around in a party

When dinner is served: Choosing the right tableware for your home ambience
Updated On : 16 Mar 2024 | 10:22 AM IST

Shoppers Stop plans to launch 10-15 new SS Beauty stores this year

The company, which operates 13 SS Beauty stores at the moment, plans to open 10-15 new medium-to-large format stores in the calendar year 2024

Shoppers Stop plans to launch 10-15 new SS Beauty stores this year
Updated On : 14 Feb 2024 | 8:31 PM IST

Foreign luxury shoes unable to expand footprint in India over BIS norms

The Bureau of Indian Standards for imported footwear requires the companies to float their products in India only after receiving the ISI mark

Foreign luxury shoes unable to expand footprint in India over BIS norms
Updated On : 13 Feb 2024 | 11:42 AM IST

Demand for spaces in malls pushed retail leasing to all-time high in 2023

Among the sectors, retail leasing was led by fashion and apparel which accounted for around 32 per cent of the total

Demand for spaces in malls pushed retail leasing to all-time high in 2023
Updated On : 24 Jan 2024 | 12:54 PM IST

Luxury renaissance: All that made 2023 a year of opulence and achievement

The country set new benchmarks in the luxury sector this year, attracting the world's top brands and exporting the finest

Luxury renaissance: All that made 2023 a year of opulence and achievement
Updated On : 22 Dec 2023 | 6:05 PM IST

Formal, casual, always classy: Blazers suit all your style needs

It is a myth that the blazer is meant for the office and that it only comes in dark or grey

Formal, casual, always classy: Blazers suit all your style needs
Updated On : 21 Dec 2023 | 12:04 PM IST

DS Group considering investment of Rs 200 cr to expand luxury portfolio

The DS group also has brands like Swiss luxury chocolate Laderach, childrenswear store Les Petis, and premium grocery and retail store Le Marche

DS Group considering investment of Rs 200 cr to expand luxury portfolio
Updated On : 15 Nov 2023 | 5:09 PM IST

Gifting in focus, luxury brands woo buyers with new product launches

Global luxury brands are increasingly seeing India as a luxury destination. This year too, many including Cartier and Jimmy Choo, have launched India-specific collections for the festival season

Gifting in focus, luxury brands woo buyers with new product launches
Updated On : 31 Oct 2023 | 12:05 AM IST

Save the date: India's largest luxe mall opens its doors on November 1

The mall will showcase a host of prestigious luxury brands, including Bvlgari, Cartier, Louis Vuitton, Versace, Valentino, Manish Malhotra, Abu Jani Sandeep Khosla, and Pottery Barn, among others

Save the date: India's largest luxe mall opens its doors on November 1
Updated On : 29 Oct 2023 | 10:51 PM IST

Reliance Retail to open luxury stores under 'Swadesh' brand globally

These stores will focus on upscale ethnic handicrafts, fusion clothing, jewellery, blue pottery, silverware, home decor, and carpets

Reliance Retail to open luxury stores under 'Swadesh' brand globally
Updated On : 11 Oct 2023 | 1:42 PM IST

How is India's luxury market turning into a magnet for foreign brands?

As China's economic engine falters, luxury brands are hoping that India's steady growth will lead to increased demand for their products

How is India's luxury market turning into a magnet for foreign brands?
Updated On : 31 Aug 2023 | 3:06 PM IST

About 20 foreign brands likely to set up stores in India this year

The brands are looking to set up stores in Mumbai, Delhi-NCR, Bengaluru, and Hyderabad in the first phase of the launch and will later expand their presence in Pune, Ahmedabad, Chennai, and Kolkata

About 20 foreign brands likely to set up stores in India this year
Updated On : 18 Aug 2023 | 12:50 PM IST