CII-AT Kearney news and archive

Slowdown does not slow down India’s luxe business

While the entire industry is worried about how to recover in the New Year, the high end luxury segment is not really bothered and showing steady growth. According to luxury market players, for people, who can afford to spend on high end goods priced beyond Rs 2-3 lakh, slowdown is a petty issue, not affecting their buying habits. So while,...

Fashion

Will 2012 bring in the much-awaited cheer?

Year 2011 is nearing its end and we are on the cusp of a New Year 2012. Looking back at the Indian apparel industry it has been a mixed year. While towards the start of the year, moods were dampened with the imposition of 10 per cent excise duty on branded apparels and the constant increase of raw material prices especially cotton, towards the...

Fashion

Luxury apparel brands betting big on India

When top French luxury brand Hermès – best known for their $350 plain white T-shirts and $10,000 handbags – announced their entry in the Indian luxury market with a line of fancy saris, it grabbed headlines. However, Hermès move to woo Indians came as no surprise, for even though the last recessionary phase saw a downside in the buying sentiment...