Burberry said it will almost double capital spending to GBP130 million (USD189.75 million) next year, with a focus on expanding key product areas including kidswear and moving into emerging markets.
T…
Burberry said it will almost double capital spending to GBP130 million (USD189.75 million) next year, with a focus on expanding key product areas including kidswear and moving into emerging markets.
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China is bucking the post-financial crisis trend in luxury consumption: while sales fell around the world by up to 8 percent in 3Q09, China’s luxury spending grew by 12 percent. KPMG’s lat…
The TAG Heuer exhibition, commemorating 150 years of the Swiss watchmaker, was unveiled in New Delhi amid much fanfare. The evening saw Formula 1 driver Karun Chandok drive onto the stage in the new …
The Delhi-based leather accessory brand Da Milano is expanding its retail footprint pan-India to include home decoration and footwear.
The company had a 50:50 joint venture with Pavers Foresight Smart…
US fashion giant Gap posted first-quarter earnings that topped analysts’ estimates and raised its full-year profit forecast after sales from its established N American stores posted gains.
Net i…
Polo Ralph Lauren Corp.’s fiscal fourth-quarter profit more than doubled and margins rose to a record, but the luxury-goods company warned of pressure from the falling euro and rising raw-materi…
Consumers in cities like Zhuhai, Shaoxing and Wuxi are estimated to have accounted for more than 60 percent of the growth in China’s luxury buyers in 2008 and 2009, according to a recent Bain &a…
Plunkett Research, Ltd has released a market research and competitive analysis report, Plunkett’s Apparel and Textiles Industry Almanac, 2010 edition, which identifies and analyses major trends …
H&M’s group like-for-like sales fell 6 percent in April compared with the same month last year.
Group total sales at the Swedish fast fashion chain rose 4 percent in April as expansion fuell…
Asian consumers account for half of the USD80 billion global luxe industry and China’s luxury market is growing so rapidly that it will become the biggest in the world within four years, while t…