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VERSACE SALES DECLINE
High stakes for high fashion: Brands bet on luxury revival on the catwalkLuxury brands like Chanel, Dior, and Gucci are introducing new designers amidst a challenging economic climate. The high-end industry is st...- LVMH said to be in talks to offload fashion label Marc JacobsLVMH is reportedly in discussions to sell its fashion label, Marc Jacobs, with potential buyers including Authentic Brands Group and WHP Gl...
- Was Donatella Versace pushed out of her own company? Insider has this to say as a host of celebrities and fashion designers were shocked by the newsDonatella Versace is stepping down as Versace's creative director after nearly 30 years and will become the company's chief brand ambassado...
- Prada wears Versace: Rumblings in the sliding luxury industryThe global luxury industry is experiencing a downturn, with Prada considering acquiring Versace to strengthen its market presence. Versace ...
- Versace would widen Prada's reach but fixes could hit short-term profitsAn acquisition of Versace by Prada could strengthen the Italian luxury group by expanding its brand base and resilience. However, restructu...
- Indians turning clock back on smartwatches; shipments fall 45%YoY in the September qtrIndians are rediscovering the charm of analogue watches. Smartwatch sales are declining. Consumers want simpler, more elegant timepieces. E...
- Luxury+1: Will Bulgari show brands the way from China to India?Bulgari, a renowned Italian luxury brand, is expanding its presence in India due to a decrease in demand in China. The company sees strong ...
- High-end realty show: Luxury realty companies rope in fashion designers to stand out in a crowded marketGlobally, fashion and luxury brands such as Giorgio Armani, Versace, Fendi, Bottega Veneta, Missoni, Baccarat and even Porsche have tapped ...
- Coach owner to buy parent of Michael Kors in $8.5-billon dealThe New York-based firm is paying a $57 per share in cash, according to a statement Thursday, a 65% premium over Capri's last closing price...
- India is Timex's 2nd largest market now: CEO Tobias Reiss-SchmidtThe US-based watchmaker, which has a manufacturing facility in Himachal Pradesh, plans to increase its capacity for both domestic and overs...
- Reliance Brands in talks for Ray-Ban storesReliance Retail, India's largest retailer by sales and number of outlets, and its high-end retailing arm Reliance Brands, have been on shop...
- With giant mall, Reliance sets sights on next gold rushThe hefty investment by Reliance, with a market value of $238 billion, shows the drive of Ambani's family to expand in luxury - especially ...
- These $4,400, crystal-encrusted sneakers are the pandemic's stilettosDemand for designer shoes last year slid 21% globally.
- Future Fashions $250 million deal with BlackstoneExisting investor Aion is getting a partial payout and is likely to roll over $50 million of its $110 million exposure.
- Gianni Versace SpA snaps ties with Indian partner Blues Clothing CompanyGianni Versace SpA has terminated its exclusive franchise agreement with Indian partner Blues Clothing Company citing "poor performance".
- Why Captain Nair, chief of Leela Hotels, is so confident about his futureRight now, Captain Nair has an extraordinary problem: Rs 4,300-cr debt, profit-less quarters and ongoing negotiations with lenders.
- The great Indian tale called retailLast five years have been a roller coaster ride for organized retail in India.
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