The latest news
All India Gem and Jewellery Domestic Council (GJC) aims to position India as jewellery tourism hub with IJSF
The All India Gem and Jewellery Domestic Council (GJC) aims to have India recognised globally as a jewellery tourism hub and will hold an India Jewellery Shopping Festival from June 1 to promote the industry.
Burberry upbeat as growth continues, Q4 shines and China recovers
Burberry’s preliminary results for the year to 1 April saw more growth with its CEO calling it “a strong performance, supported by good progress in core leather goods and outerwear". And revenue accelerated in Q4.
Dufry sales beat forecasts on Autogrill integration, travel rebound
Dufry on Wednesday beat market expectations for first-quarter sales, aided by its acquisition of Italian motorway caterer Autogrill and growing global travel demand, but made no changes to its full-year forecast.
Estée Lauder sinks after dour 2023 view on slow Asia travel retail
Estée Lauder Cos on Wednesday forecasted a bigger drop in full-year sales and profit, disappointing Wall Street; that was expecting better results on rebounding travel retail after Covid-19 restrictions eased globally.
Fashionista shopping fair to travel to Kolhapur, Belgaum, Hubli
Business-to-customer shopping fair Fashionista will travel to Kolhapur, Belgaum, and Hubli this summer to showcase a wide range of womenswear brands to non-metro, premium shoppers.
Chumbak collaborates with LBB, Singapore Tourism Board for ‘Singa Streets’ collection
Lifestyle brand Chumbak has collaborated with Little Black Book (LBB) & the Singapore Tourism Board (STB) to launch the ‘Singa Streets’ collection.
Indian fashion brands partner with Singapore Tourism Board
Indian fashion brands RSVP by Nykaa Fashion, Chumbak, and The Souled Store have collaborated with ‘The Singapore Tourism Board (STB)’ to launch a new collection of ‘Singapore Inspired’ retail and fashion products.
Mathéo Dizel appointed general manager of Travel Retail Europe at LVMH Beauty
French luxury group LVMH has promoted Mathéo Dizel to general manager of Travel Retail Europe at LVMH Beauty. His responsibilities extend to the Acqua di Parma, Maison Francis Kurkdjian, Loewe, Fresh and Benefit brands.
Luxury activity exploded in 2022, pop-ups were key - report
Luxurynsight has released its annual Global Luxury Brand Analysis report and found an unsurprising double-digit rise in overall activity for fashion and leather goods last year as the world 'normalised post'-pandemic.
Luxury bags are significantly more expensive in China than in Europe
While waiting for the Chinese to start traveling again, brands are betting on a rebound in domestic demand following the end of the anti-Covid measures, increasing their prices, reported a study by Retviews by Lectra.
London fears losing luxury shoppers to Paris and Milan
London's luxury retailers fear the city is losing its pull as a shopping destination, with tourists from the United States, China and the Gulf flocking instead to Paris and Milan where there are still tax breaks.
Louis Vuitton will travel to Italy for next cruise collection show
The Parisian label will unveil its 2024 cruise collection at Isola Bella in Lake Maggiore on May 24. The event will be preceded in April by Nicolas Ghesquière’s first fall pre-collection show, to be staged in Korea.
FDCI collaborates with Haryana Tourism to showcase ‘Sacred Silks’
The Fashion Design Council of India in association with Haryana Tourism curated a show at the 36th International Surajkund Crafts Mela 2023 titled ‘Benaras - A tribute to the Senses’.
Tourism: Beijing on track to become world's most powerful city destination by 2032
While China has now reopened its borders after more than two years of Covid restrictions, the country is forecast to become a major tourist destination in a report from the World Travel and Tourism Council.
Burberry's muted Q3 hit by China woes, but it "over-indexed" in soft accessories
Burberry’s Q3 update on Wednesday showed a slowdown in sales growth as — like luxury peer Richemont on the same day — it reported a big impact from Covid in China.
Tourists boost Richemont's Q3, fashion is strong but Covid-hit China dents sales
Luxury giant Richemont reported Q3 sales up 8% on Wednesday, saying that despite ongoing Chinese weakness, tourists were returning to Europe and Japan.