Luxury goods group Kering joined competitors in defying concerns of waning demand in China, as momentum at its powerhouse Gucci slowed slightly in the fourth quarter but still outperformed most other fashion brands.
Swarovski’s 2019 India expansion plan will see the brand open stores in new locations and refurbish its pre-existing ones. The brand will also adopt a “digital first” approach to marketing moving forward.
Mehul Choksi had bought land intending to set up a SEZ and then illegally sell the land for profit, according to new evidence in the Panvel Tehsildar investigation into the land Choksi purchased with his associates.
The fugitive jewellery tycoon Mehul Choksi has been accused of another crime, this time concerning a land deal and failure to set up a special economic zone as agreed. The Panvel Tehsildar office is investigating.
Jewellery maker Pandora, struggling to regain its competitive edge in a weak retail market, plans to make cost savings of 1.2 billion crowns as it faces a drop in organic revenue growth of 3-7 percent this year.
Rajesh Exports saw its net profit increase by 5 percent to Rs 316 crore ($44.3 million) for the quarter ended December 31, 2018, as against Rs 301 crore it had reported during the same period last fiscal.