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19 stories in this topic
Swedish furniture giant, Ikea, anticipates a substantial increase in its investment in India, aiming to reach a total of US$2.2 billion by 2030 as part of its aggressive expansion strategy. Doubling Investments Patrik Antoni, the CEO of Ikea India, revealed…
Birkenstock, a well-known German footwear brand, continues to broaden its reach in India with the opening of its largest in-mall store in Chennai. This latest endeavour elevates the brand’s presence in India to a whopping 63 stores, a remarkable leap since…
Birkenstock, the esteemed German footwear brand, has recently launched its most sizeable in-mall shop in India, situated in Chennai. This new addition brings the total count of Birkenstock locations in the country to 63, showcasing the brand’s steadfast…
Brands like Ranavat, Fable & Mane, and Squigs Beauty are making their mark in the United States beauty industry, thanks to the rising interest in Ayurvedic-inspired beauty products. Ayurveda, an ancient Indian medical system commonly referred to as the…
Amouage, a renowned perfume retailer originating from Oman, has made its first foray into the Indian market with a boutique outlet in the Mall of Asia located in Bangalore. Amouage’s Global Presence Founded in 1983, Amouage has significantly expanded its…
In a bid to strengthen its foothold in India’s highly competitive e-commerce sector, Amazon recently announced that it will cease to charge sellers referral fees for products priced under 1,000 rupees, or US$10.98. This decision, revealed by the company on…
L’Oréal, the French cosmetics powerhouse, announced on Wednesday plans to establish a beauty technology hub in Hyderabad, a major city in southern India, supported by an initial investment surpassing 35 billion rupees (approximately US$383.4 million). The…
Dubai-based banking group, Emirates NBD, has revealed that it will acquire a majority share in an Indian bank. This move represents the most significant foreign investment in India’s financial sector to date. Emirates NBD has confirmed an arrangement to…
Cos, the fashion label under the H&M brand, has unveiled its first retail outlet in India, situated in the Select Citywalk Mall, New Delhi, marking its entrance into the burgeoning South Asian marketplace. Store Design and Sustainability Efforts Cos boasts a…
India’s leading eyewear retailer, Lenskart, has recently submitted an application for an initial public offering (IPO), aiming to issue fresh shares valued at US$247.6 million as outlined in their draft prospectus. Major Shareholders Selling Shares The firm’s…
Ample, an Indian reseller of Apple products, has outlined ambitious growth plans aimed at achieving a 35 percent surge in revenue by the fiscal year 2026, according to the company’s Chief Executive Officer (CEO). Expanding Footprint and Brand Portfolio Based…
Go Colors, a leading Indian retailer specializing in women’s pants and leggings, is set to launch its first overseas store in Dubai’s Silicon Central Mall. Partnership with Apparel Group Go Fashion India, the parent company of Go Colors, is collaborating with…
Beef and buffalo meat imported from India are being sold for VND60,000-100,000 (US$2.47-4) per kilogram on some online marketplaces in Vietnam, half the price of local beef. According to data from the General Department of Vietnam Customs, Vietnam imports…
Malls in India affected by the coronavirus outbreak are seeking a bailout from the government to compensate for losses incurred during a mandatory shut down period through to March 31. The decision has affected both retailers and developers in the various…
Indian restaurant chain Dosa Hut has opened its first Gold Coast store at Crestwood Plaza in the central part of the region. The 165sqm store in Molendinar will offer both dine-in and takeaway options. The Melbourne-based chain, which already has restaurants…
As 2018 comes to a cold & wintry end, as political environment hots up, as new alliances, mergers and acquisitions take shape in business & politics, as GST corrections & FDI norms in ecommerce are tinkered, what is it that the Indian Luxury Industry can look…
