Jewellery is a booming, sought-after sector, as shown by LVMH’s recent bid for Tiffany & Co. FashionNetwork looks into the advantages and potential of an industry still little-known and underexploited by luxury groups.
In 2018, 265 merger and acquisition operations were recorded in the luxury industry, chiefly in Europe, in the hotel and the beauty sectors. Disruptive and digital technologies will drive investment in 2019.
Walmart, the world's largest retailer and the country's biggest private sector employer, on Friday revealed plans for a new corporate campus, joining rivals Amazon and Apple in expanding their corporate campuses.
France accounts for over one quarter of the total sales of the top 100 luxury corporations worldwide according to Deloitte’s 2019 report, with 9 groups listed and LVMH, L'Oréal, Kering and Chanel in the top 10.
Reliance Industries Ltd plans to grow the number of low-cost Reliance Trends fashion stores across India to 2,500 from 557 over the next five years and integrate them with its online business, sources said.
India’s e-commerce sector is all set to grow despite newly introduced regulations and policies to $84 billion in 2021 from $24 billion in 2017, according to a report by Deloitte India and Retail Association of India.