The state is in the process of grooming a supplier ecosystem, for which India is almost entirely dependent on imports.
Reliance Brands is in advance stage of talks to take over the India rights for premium makeup and beauty retail chain Sephora, from Arvind Fashions, according to two persons in the know. The Mukesh Ambani-led retail company is already in talks with developers to lease out stores for Sephora, said one of the above mentioned sources. While Reliance Brands was yet to answer Business Standard's query, an Arvind Fashions spokeperson, in an e-mailed response, said: "As per company policy, we do not comment on market rumours and speculation."
Reliance Brands Ltd (RBL) on Monday announced forming a 60:40 joint venture with Rahul Mishra brand RM, which will create and own a new brand that would encompass courtier's ready to wear business. The new brand would grow both vertically and horizontally in the fields of accessories, footwear, home, beauty, and jewellery for a worldwide audience, said a joint statement. Rahul Mishra will lead the creative direction of the new brand as creative director, it added.
The store segmentation approach that Shoppers Stop is taking is intended to improve its hit rate at a time when local and international fashion retailers are crowding the market with new merchandise across price points.
A combination of fewer listings and falling 'average daily traded value' contributed to the drag in Q3.
Even in the depths of a dark recession, luxury isn't such a bad place to be.
The couple got engaged in a simple temple ceremony on February 27.
There are multiple reasons for a desperate Beijing to teach India the final lesson, thereby ensuring Chinese supremacy in Asia in this century.
Signs that even the world's richest consumers are falling prey to recessionary fears gathered pace as two big luxury goods makers said demand from Japan and the US for Cartier watches, designer handbags and fine jewellery was slowing.
UK-based Alpha Airports and Future Group's Pantaloon Retail have won a contract valued at Rs 500 crore (Rs 5 billion) to set up duty-free shops at Indira Gandhi International Airport in New Delhi.
Delhi-based realtor Parsvnath Developers will open 10 retail stores this year and develop 21 commercial projects as part of its plan to foray into retail, Chairman Pradeep Jain said.
'Every slide in the power point presentation had a graph with years like 2006, 2008, 2010 on the X axis... Most lines seemed to lie inert horizontally and many seemed to dip despondently, except the red line for China which seemed to rise triumphantly in each slide...' B S Prakash attends the World Economic Forum's Latin American version.
India's surging class of millionaires is stocking up on posh pads, luxury cars, and designer duds.
Since the bull run began in May 2003, the Sensex has gone up by 367%. The MoneyLIFE Index of lifestyle stocks has gone up by 507%. A major bull market for leisure, lifestyle and entertainment stocks has just begun.
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