The luxury sector in India was worth 4.76 billion dollars in 2009, 5.8 billion dollars in 2010 and is pegged at a whopping 14.7 billion dollars in 2015, according to A.T. Kearney report. In 2012 itself, luxury sector in India is set to see a growth of 25 percent.
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News on opening up of multi-brand retail segment to foreign chains is all over the place in today’s morning newspapers. Still, I would like to address a few important points over here for the benefit of our readers as to the fine print of FDI clearance in the sector
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Burberry is an iconic luxury brand established in 1856. Its Tartan pattern is one of the most creative contributions to the world of fashion. It is the 98th most valuable brand in the world and has Royal warrants from the Queen herself. But some time ago the Burberry brand
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For a layman, the brilliant gleam of platinum, silver and white gold is hard to differentiate apart, just by the virtue of observation. But, with the gold prices soaring sky-high, for those who prefer something other than the traditional gold for jewellery purposes, these three metals can come to
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If the recent foray of premium luxury brands into Indian retail sector is any guide, then the average Indian, after shunning foreign luxury brands for decades and sticking loyally to home-grown products, is finally warming up to luxury brands. The luxury market has picked up quite a pace; according
» continue readingYou gotta be kidding me! Expansion in the time of economic slowdown and that too the luxury retail segment. India is not considered to be the consumer of overly expensive and exclusive luxury niche. We, the common man (aam admi) brigade pride ourselves in buying the cheapest durable product
» continue readingChartered : 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.
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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
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Carazoo.com has a 360 degree exterior view, the interior 360 degree view to enable the viewers to get virtual “touch and feel†experience. It’s currently implemented on few models and will be provided soon for all the models. The “paint your car†option allows you to view cars painted
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A lot of folks ask this question: Why should I become an entrepreneur? Is it worth all the trouble of going through hardships and uncertainties of starting my own business? What if I fail ? Here are the top 10 reasons according to me why you should be an
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