Luxury Market

63% of Indian consumers cut back on non-essential spending: PwC report

Nearly half of Indian consumers said rising prices remain the biggest issue when shopping in-store

World's richest man eyes India's luxury market with landmark Dior show

Dior's not new at showcasing its collections at untapped locations with iconic architecture serving as backdrop to its runways

Just two months into 2023, Lamborghini crosses its India sales target

Lamborghini has already received orders for 100 cars in India in less than two months

Flaunt factor: Rising affluence sees India's market for luxury brands swell

China, which is also an important market for luxury brands, has been impacted due to Covid-induced lockdowns over the past two years

2022 in review: How Brand Deepika became India's global face of luxury

From LV and Cartier to Cannes, the actor has had a sizeable brand presence this year

Tata CLiQ Luxury expands its luxury fashion category with launch of Le Mill

Partnership will offer international brands in apparel, accessories, and footwear

Paintings, photos, passion: How to build an art collection for your home

You could buy a masterpiece or the work of an upcoming artist, but consider these tips to be a connoisseur

Bollywood stars, corporate bosses fire up Mumbai, Delhi luxury house mkts

Experts attribute the trend to stamp duty cut by Maharashtra govt, reduction of prices by developers saddled with unsold inventory

Reliance's retail unit launches its first in-house fashion store Azorte

Reliance Industries Ltd's retail unit launched its first in-house premium fashion and lifestyle store, as the billionaire Mukesh Ambani-led company continues to enter India's luxury market

New house in Hong Kong sells for $111 million, the most this year

A new house in Hong Kong was sold for HK$870 million ($111 million), the highest price this year, buoying the city's slowing luxury market

Luxury fashion market sees growth despite inflation and war, shows study

Neither inflation nor the war in Ukraine are threatening to take a bite out of the luxury fashion market, according to a study published Tuesday. While much of the world is fretting over higher fuel and energy prices, the study by Bain & Company consultancy indicated that the global luxury market remains set for growth, largely due to the continued resiliency of the world's wealthiest people. The global luxury market grew by nearly one-third to 288 billion euros ($198 billion) last year, rebounding from its worst recorded dip due to the 2020 pandemic lockdowns, according to the study commissioned by Italy's Altagamma association of high-end producers. Sales of personal luxury goods including apparel, accessories and footwear posted high double-digit growth in the first quarter of this year, despite the first signs of economic uncertainty tied to the Russian invasion of Ukraine, Bain said. In its most pessimistic outlook, assuming global inflationary pressure, Bain forecasts growth

From luxury cars to business jets, small-town tycoons aiming big

With growing revenues and surging aspirations, demand for luxury products growing in Tier 2, 3 cities

Lucrative deals unlocked for the luxury customer during Covid-19 lockdown

Retailers have been reaching out to customers with compelling offers, contests and a humane touch to provide value to the discerning patron and keep sales ticking

Rare whiskey, wine, luxury handbags: You could have made a fortune in these

Rare whiskey, which was the best performer in 2018, fell to the third place with an annual price increase of 5%

E-commerce is bridging the gap in infrastructure: Montblanc CEO Baretzki

'We should expand our presence in cities that we are already present in', said Baretzki

Not luxurious at all

Despite the potential, there are major challenges for the growth of the luxury market

Luxury market grows 25% on rise in middle class demand: Report

Key growth segments include fine dining, electronics, luxury travel, personal care, jewellery and luxury cars