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'COVID-19 accelerates the need for greater technology integration into retailing'

During this lockdown and post-lockdown period, the future for businesses looks uncertain as COVID-19 has no solution yet to counter its infection. The only thing continuing is social distancing norms and general precautions against the pandemic that is making...

LVMH to make hand sanitizers to fight coronavirus

The French luxury group LVMH said Sunday that it would begin producing sanitising hand gel at three of its perfume and cosmetics sites in France, for distribution to French hospitals fighting the country's coronavirus outbreak. “Given the risk of a...

LVMH to acquire Tiffany for US$ 16.2 billion

Leading luxury group LVMH Moët Hennessy Louis Vuitton (LVMH) that owns brands like Dior and TAG Heuer has entered into a definitive agreement with global luxury jeweller Tiffany to acquire it for US$ 135 per share in cash.The agreement...

LVMH pairs with Stella McCartney

French luxury goods group LVMH, has announced a tie-up with sustainable luxury fashion brand, Stella McCartney.The partnership with LVMH – which houses luxury retailers such as Louis Vuitton, Dior, Givenchy, Fendi, Tag Heuer and Kenzo – was undertaken to help...

Retail markets in India: Opportunities in a dynamic world

As the retail industry story unfolds in India, new strategies come to the fore. Recent news of Amazon acquiring a stake in Future Retail is an indication that the strategy will be differentiated given the nature of the market...

Deep Dive: Luxury e-commerce portals LVMH, Alibaba and JD.com take on Net-A-Porter and Farfetch

The already intense competition in the space is increasing, and the market is becoming crowded with luxury goods e-commerce sites. There is increasing product and brand overlap in the different online distribution channels, and competition from luxury brands’ own...

Funding and investments in Indian fashion

The fashion and lifestyle sector in India has shaped up rather well since the turn of the new millennium. People today are as fashion-conscious as any celeb or a socialite, and this has resulted in increased fashion spending across...

Tiffany & Co appoints Diesel's Alessandro Bogliolo CEO

Tiffany & Co on Thursday appointed former Diesel chief executive Alessandro Bogliolo as CEO. He will also be joining the board of directors. Bogliolo, a luxury industry veteran with 16 years of experience at Bulgari — where he was chief...

LVMH to consolidate hold on Dior in US $13 billion deal

The French luxury group LVMH, led by billionaire Bernard Arnault, is to take full control of Christian Dior, in a complex US $13 billion deal that reunites the fashion house with the perfume and other Dior brands. According to LVMH,...

De Beers buys out 50 pc stake from retail partner LVMH

Anglo American's diamond specialist De Beers has bought the 50 per cent stake held by French luxury goods group LVMH in De Beers Diamond Jewellers for an undisclosed sum, taking full ownership of the retail operation. "More fully integrating the...
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H&M opens 61st India store in Pune

The new H&M store is located at Kopa Mall.New Delhi: Swedish fashion brand Hennes & Mauritz (H&M) has opened...
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