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US LUXURY GOODS GROWTH
‘Wars now target economies’: PM Modi warns of ‘cyber terrorists’, calls for stronger banking securityPrime Minister Narendra Modi inaugurated the Reserve Bank of India's new data centre and Cybersecurity Training Institute in Bhubaneswar. H...- Global luxury goods industry set for recovery in 2027, US to remain bright spot: Goldman SachsThe global luxury goods industry is expected to witness a recovery after several years of sluggish sales performance, with revenues of majo...
- Raveena Tandon lives in Rs 80 crore Bandra home Neelaya with husband Anil Thadani, featuring 50-year-old Nandi sculpture, marble floors and luxurious interiorsRaveena Tandon's home, named Neelaya, is located in Bandra and has an estimated value of Rs 70 crore to Rs 80 crore. The residence features...
- US weighs lifting 50% tariffs on some Canadian goods to help Susan Collins win re-election: ReportThe United States is expected to withdraw 50% tariffs on certain Canadian goods to assist Republicans. This decision is likely to be announ...
- Why did Simone Biles sell her $1.2 million Houston house? Olympic gold gymnast breaks down in emotional video over ‘so many good memories’Simone Biles has sold her Houston-area home for an estimated $1.08 million to $1.24 million after listing it for $1.275 million. The Olympi...
- Titan Company brand Zoya seeks to cash in on rising high-end jewellery demand, eyes ₹500 crore revenue by FY27Titan Company's luxury brand Zoya aims to reach ₹500 crore in revenue by FY27 as India's luxury jewellery market expands. It is targeting h...
- Global Market: European stocks edge lower as Kering slumps, oil prices riseEuropean shares slipped as Kering plunged 10.4% following weak Gucci sales, while rising oil prices and French political uncertainty dampen...
- Prada Q3 revenue rises in a slowing luxe marketItalian luxury group Prada reported a 1% organic growth in revenue for the third quarter of the year. This performance reflects resilience ...
- Chinese spending curbs weigh on Hermes salesRevenue in the region that includes China, the luxury group's biggest market, flatlined at constant exchange rates, Hermes International sa...
- 'India a rising star in Swiss watch exports market': Franck Muller's Erol BaliyanIndia is poised to rank as the seventh or eighth largest export market for Swiss watches in the upcoming year. The country experienced a 28...
- EBay to lay off 9% of workforce in push to simplify operationsEBay will lay off about 1,000 employees, representing 9% of its workforce, to streamline operations. The company previously reduced its sta...
- Number of branded housing projects in India set to jump over 2-fold in 6 years: SavillsReal estate firms in India are anticipating a significant increase in branded residences by 2032. A report suggests nearly 25 ultra-luxury ...
- Jaguar Land Rover India expands retail presence in Delhi, Gurugram; sees NCR as key marketJaguar Land Rover India has relocated to a larger facility in Delhi and opened a new outlet in Gurugram. The company views the National Cap...
- DLF focuses on housing sales, healthy margins, rental income as growth engines: MD Ashok TyagiDLF Ltd focuses on generating strong pre-sales of luxury homes and increasing rental income from commercial properties. The company expects...
- China's luxury demand recovery may remain elusive, forcing global brands to rethink growth: Bernstein reportA report by Bernstein indicates that the luxury goods industry faces challenges due to reduced Chinese consumer demand. Economic factors su...
- Luxe redux, it's a pleasure: Luxury retail in India is moving away from 'dictatorial' exclusivity to 'collaborative' empathyIndia's luxury market is projected to surpass $12 billion by 2028, reflecting a significant shift in consumer behavior. Millennials and Gen...
- Luxury car buyers lose most GST 2.0 benefits as Mercedes, BMW and Audi raise pricesLuxury carmakers such as Mercedes-Benz, BMW, and Audi have increased vehicle prices after a GST cut. The price hikes are a response to risi...
- Maison D’Arome wants India to say oui to luxury perfumes without the heavy price tagMaison D'Arome has introduced a collection of premium perfumes in India aimed at discernible consumers. The brand asserts its fragrances ar...
- LVMH's weak China sales raise fresh concerns over global luxury market recoveryLVMH's quarterly report indicated a 5% decline in fashion and leather goods sales due to weak demand. The company's overall organic sales g...
- US luxury spending falls for third month as wealthy shoppers turn cautious ahead of midtermsUS credit card spending on luxury brands fell by 6% from a year earlier in September. This marked the third consecutive monthly decline lea...
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