London-listed Burberry shares rally 10% on plans to cut 20% global workforceBritish luxury brand Burberry plans to reduce its global workforce by roughly 20 per cent. This decision follows a turnaround strategy unde...
14 May, 2025, 03.13 PM IST
Burberry plans to cut up to 18% jobs from its workforce, full-year profit beats expectationsBurberry is set to cut 1,700 jobs globally as part of a cost-cutting and turnaround strategy led by CEO Joshua Schulman. Despite a challeng...
14 May, 2025, 12.56 PM IST
HNIs, have you considered inconspicuous consumption?The article highlights controversies surrounding affluent business leaders displaying their wealth during economic hardships. Unacademy CEO...
10 Aug, 2024, 12.06 AM IST
Digital wears Prada: As tech meets luxury, IT majors find a new ray of hopeCirca 2023. A luxury retailer has invited you to an exclusive fashion show in-person just because you looked up their products online. If t...
19 Aug, 2023, 09.27 AM IST
The extremely strong dollar is weighing down the worldAs the world’s most important currency, the dollar often rises in times of turmoil, in part because investors consider it to be relatively ...
21 Jul, 2022, 09.40 AM IST
Harry Styles, Lewis Hamilton made heads turn in their stunning dresses. But, would other men follow suit?The global personalities have prompted much commentary, both positive and negative.
06 Nov, 2021, 05.31 PM IST
European shares fall on second virus wave fears; Siemens slidesThe banking index led sectoral declines following its best three-day winning streak since the global financial crisis in 2009, while travel...
12 Nov, 2020, 02.56 PM IST
Luxury brand Burberry to cut 500 jobs as luxury demand faces slow recoveryLuxury brand Burberry said on Wednesday it would cut about 500 jobs globally, including 150 British-based office roles, as it forecast no q...
15 Jul, 2020, 03.53 PM IST
European shares nose down on growth worriesThe US Federal Reserve maintained its patient stance on Wednesday citing risks from a cooling global economy.
11 Apr, 2019, 01.27 PM IST
Nikhil mehra quits as CEO of Genesis ColorsEarlier last year, founder promoter Sanjay Kapoor, who is executive chairman of Genesis Group, had decided to list Genesis Colors and raise...
07 Mar, 2018, 07.59 AM IST
Reliance Retail Q2 PBDIT jumps 68.2% to Rs 444 croreRevenue of the company in the second quarter grew 81.3% yearon-year to Rs 14,646 crore. The revenue stood at Rs 8,079 crore during the same...
14 Oct, 2017, 12.41 AM IST
Amidst slump, Michael Kors, Prada cut back on innovative bag designsMacy's discounted almost 2,500 handbags last quarter, while both Neiman Marcus and Barney's New York marked down at least 900 items.
11 Jan, 2017, 03.32 PM IST
How Gen Y's spending patterns differ from previous generationsIs this generation, in its zeal to live life to the fullest, throwing caution to the wind? Can overspending and not planning for the future...
17 Oct, 2016, 11.06 AM IST
How Nakul Bajaj's online marketplace Darveys offers global luxury brands at up to 70% discountA members-only site, Darveys says it has exclusive tie-ups with 300 small luxury boutiques and vendors across the globe that ship top luxur...
26 Jul, 2015, 06.29 AM IST
- Luxury brands untouched by euro zone crisis? Sales boom despite EU slump
The European luxury industry boomed in 2011, untouched by global economic slowdown, with demand from China helping to swell profits.
09 Feb, 2012, 07.09 PM IST
- Champagne corks popping again in luxury business
Champagne corks are popping again in the luxury business as "It" bags and expensive watches this year sell like hotcakes from Beijing to Ne...
01 Aug, 2010, 11.45 AM IST
- Britain's Iconic luxury brand Burberry to set up joint venture with Genesis Colors
Burberry, a 153-year-old British luxury brand, is setting up a joint venture with fashion retailer Genesis Colors for a renewed focus in th...
19 Nov, 2009, 01.09 AM IST