Reliance Industries Limited plans to bolster its luxury fashion and lifestyle offering by developing a mall featuring numerous international names at Jio World Plaza, which could open early next year in Mumbai.
The Richemont-owned jewellery brand has chosen Earth Day to symbolically join the Carbon Neutral Challenge launched in 2019 by Gucci CEO Marco Bizzarri, with the goal of reducing greenhouse gas emissions.
Cartier-owner Richemont has stepped down from the Responsible Jewellery Council (RJC) after the industry body had failed to cut ties with Russia, Richemont chief financial officer Burkhart Grund told reporters Wednesday.
Switzerland's top luxury watch fair will resurface this week in Geneva after two years of pandemic-induced virtual shows, but Ukraine's raging conflict and Covid lockdowns in China could dampen the mood.
Chabi Nouri, most recently the CEO of Piaget, is to join the Private Equity division of Mirabaud Asset Management as Private Equity Partner, working alongside David Wertheimer, scion of the family that controls Chanel.
The Italian designer has reportedly joined the luxury house as ready-to-wear design director. Ilaria has worked for the likes of Yves Saint Laurent, Celine, and Victoria Beckham and founded her own jewelry label in 2020.
The luxury sector was in excellent health in 2021, and leading groups are keen to maintain their margins in 2022, despite rising costs and inflationary pressures, which are expected to lead to price increases.