India news and archive

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...

Retail

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...

Retail

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...

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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...

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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...

Retail

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

Retail

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....

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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...

Retail

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...

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US tariffs spark concern in India's textile capital

Tiruppur, India - The roar of sewing machines has given way to an unusual quiet in the textile factories of Tiruppur, in southeastern India. Since the tariffs on Indian exports was imposed by Donald Trump at the end of August, most have been operating at a reduced capacity. “US orders are almost at a standstill,” notes a disappointed Ramesh...

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H&M and investors back Indian innovator AltMat

Indian material developer AltMat has completed a new funding round, the company announced on LinkedIn. The investors include major names such as H&M, investment funds Rainmatter by Zerodha and Turbostart, and the sustainable innovation platform Fashion for Good. AltMat started with the latter 14 years ago through a startup programme. AltMat...

Fashion

Swiss watch industry should find time for India, says Deloitte

India and Mexico could become new drivers of growth for the Swiss watch industry, which has been clobbered by US tariffs and slumping demand in China, top audit firm Deloitte said Wednesday. The emblematic Swiss industry "is navigating one of the most complex periods in recent memory", the professional services giant said in the 11th Deloitte...