India news and archive

Canopy outlines details of 2 billion dollar investment blueprint for decarbonization in India

Solutions-driven environmental non-profit Canopy has outlined the finer details of its new 2 billion US dollar finance platform designed to speed up the growth of low-carbon materials and transform the paper, packaging, and textile supply chains. Said to be the first of its kind, the new initiative, announced at the World Economic Forum in Davos...

Luxury: 86 percent of Indian consumers plan to increase spending over next 12 months

Nearly two thirds of Indian and Chinese consumers have spent over 20,000 euros on luxury goods in the past 24 months. Additionally, 86 percent of Indian consumers plan to further increase their spending over the next 12 months, the most significant figure among all markets analysed. The data confirms that luxury growth continues, yet drivers and...

Prada partners with Indian corporations for Kolhapuri chappal project

Luxury fashion house Prada has signed a Memorandum of Understanding (MoU) with two Indian government corporations, LIDCOM and LIDKAR, to launch the “PRADA Made in India x Inspired by Kolhapuri Chappals” project. The agreement was finalized yesterday at the Consulate General of Italy in Mumbai. The collaboration will create a limited-edition...

Desigual returns to India via Myntra partnership

Madrid – Desigual is making another attempt to penetrate the Indian market. The company, founded by Thomas Meyer, has resumed operations there through a new partnership with the Indian e-commerce platform and marketplace, Myntra. Under this agreement, the Spanish fashion multinational will once again begin selling its products in the country via...

Luxury houses eye India, but barriers remain

The globe's biggest luxury brands have dreamt of India's vast consumer base for decades, but navigating the market has proven to be a complex task. French retailer Galeries Lafayette is the latest to try its luck, opening its first Indian store on Sunday: a sprawling five-floor outlet in Mumbai, the country's financial capital. Its splashy foray...

Inditex ups stake in Indian joint venture for Zara

Spanish fashion giant Inditex is reportedly looking to increase its stake in its Zara joint venture with Indian group Trent Limited. According to sources for Spanish media outlet Modaes, the group is set to hold a larger majority of the capital of Inditex Trent Retail India Private Limited (ITRIPL), increasing its control from its current 65...

Apparel Group India expands portfolio with Levi's Kids launch

Apparel Group India has expanded its partnership with the iconic global denim brand, Levi’s, by launching Levi's Kids in the Indian market. Recognising India as a key Asian market, this move introduces the celebrated brand's children's clothing line to the country for the first time. Apparel Group India officially announced the introduction of...

Featured

Global brands intensify focus on India’s fast-expanding consumer base

Global fashion and luxury brands are increasingly shifting their focus to India as growth in mature markets stagnates, according to a report by The Economic Times. The attraction is grounded in India’s large population of aspirational, younger consumers with rising incomes — a demographic that is reshaping spending patterns and brand strategies....

Watchmaker Fossil eyes IPO for Indian unit

Luxury watchmaker Fossil Group Inc. is reportedly considering an Initial Public Offering (IPO) for its Indian arm, Fossil India Pvt., aiming to capitalise on the country's booming market for new listings, according to a Bloomberg report. Following the news, the company's shares jumped 44 percent in Wednesday morning trading. Quoting people...

Galeries Lafayette opens first store in India

The historic French department store chain Galeries Lafayette is set to open its first store in the Indian financial hub of Mumbai this November. It aims to attract the growing middle class and affluent consumers interested in luxury goods. The department store will open in a historic district of Mumbai, spanning 8,400 square metres across five...