Beccos has entered the Indian market with the opening of its first store in Kamla Nagar, New Delhi. The company has earmarked an investment of Rs 100 crore (approx $13.7 million) on its expansion in India this year.
Richemont and China’s Alibaba Group have unveiled a global strategic partnership that will see the two star retail brands under the Yoox Net-A-Porter banner being taken directly to the all-important Chinese consumer.
Danish jeweller Pandora is exploring new possibilities of boosting its sales in the Indian market and has entered the airport territory with the opening of its first airport store in India at New Delhi Terminal 1D.
Debenhams reported its biggest-ever loss on Thursday and confirmed a plan to close 50 stores as well as saying the beauty market has dipped in recent months. But it’s remaining upbeat and thinks it’s on the right track.
India’s largest jewellery retailer Malabar Gold and Diamonds has planned massive global expansion over the next five years earmarking an investment of Rs 7,000 crore (approx $960 million) to reach 750 outlets.
As the luxury kidswear market continues to expand, Mytheresa has announced the launch of Mytheresa Kids with the debut happening in January but Gucci and Dolce & Gabbana capsules launching for the party season.