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Retail News : India - Luxury Rerail

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Tanishq wins 4 awards at Retail Jeweller India Award 2008

With gold prices remaining more or less stable at lower levels, the demand for the yellow metal in India,has begun to pick up, traders said.

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Shubh Laabh Stores to give up aggressive expansion

With Indian Inflation hitting a 13 year high, Rajesh Exports owned Shubh Laabh Jewellery retail stores went ahead and announced that store opening would be slower than what was announced earlier

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ITC to focus on serious Luxury Retailing

Nakul Anand, Divisional Chief Executive, ITC Hotels said, “Luxury is more about taste and not money”. He added that ITC is looking seriously at luxury retailing and large commercial spaces were earmarked for that purpose in all their new properties.

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'Develop the market, we’ll be in': International luxury brands

Iconic luxury brands Gucci, Missoni and others think alike about India. It’s a huge market that needs to be stitched together — step-by-step. India has immense potential and sophisticated buyers but the market needs to be built brick by brick. This is the consensus the conference closed with.

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Stella McCartney all set to enter Indian market

Stella McCartney plans to open six stores in India following a new long-term distribution deal with TSG International Marketing Pvt. Ltd, the company that already manages and operates the interests of high-end brands Alberta Ferretti and Lanvin's in India.

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Ferragamo plans venture with DLF for single brand retailing

Italian luxury apparel and footwear brand Salvatore Ferragamo SpA is in the process of entering into a 49:51 joint venture with real estate major DLF to set its foot in the Indian soil.

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Italian luxury apparel brands upbeat on Indian market

One sector that certainly won’t be left out of the retail boom is luxury retail and Italians are at the forefront of this worldwide and want to lead the way for Indians as well.

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Tommy Hilfiger eyes 51% stake in Indian biz

Global premium lifestyle brand Tommy Hilfiger, controlled by buyout private equity Apax Partners, is looking at direct ownership of its India operations by bringing in the maximum permissible 51% foreign direct investment (FDI) allowed in single brand retail.

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