by Sriram Vadlamani
Chartered : hired for the exclusive temporary use of a group of travelers; “a chartered plane”; “the chartered buses arrived on time” I tried looking for the meaning of ‘Chartered” using define:chartered in Google and that is what I got. The definition mentions about a plane and a bus. No mention of a train. I [...]
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by Arun Prabhudesai
The world is eyeing the pockets of cash rich Indian consumers like never before. And why not, the pace at which India is changing has to be seen to be believed. Even in a tier II city like Pune, you can see luxury cars (costing more than Rs. 50 lakh each) plying the roads in abundance.
The younger generation is also getting quite hip. If you pass by any college – one look at students will give you a glimpse of how savvy they are getting about fashion. The clothes and accessories they sport are straight from the ramp !
That’s exactly why Giorgio Armani has become the latest of a horde of high-end brands to target India’s growing appetite for luxury goods. The Italian group will take a 51 per cent stake in a joint venture with DLF, the Indian property developer – the biggest presence it is allowed in the country under regulations.
The first Armani outlet will be opened at a new “super luxury mall” being built by DLF, which also has a partnership with Dolce & Gabbana, in New Delhi. By the end of the year, Armani expects to have around five stores across the subcontinent.
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