Genesis Luxury Fashion news and archive

Super rich Indians prefer shopping in India, says study

A report released by Kotak Wealth Management titled ‘Top of the Pyramid’ brings to the fore the new trend of super rich preferring to shop in India instead of travelling to Dubai, Singapore or Europe. Almost six out of 10 ultra high-net worth individuals or people who have a family wealth of over Rs 25 crore or annual income of at least Rs 3...

Apparel

Italian luxury brand Furla eyes India expansion

Italian high-end accessories brand Furla plans to expand its retail network in India once the government clears its joint venture with Genesis Luxury Fashion. The company is awaiting a go ahead from the Foreign Investment Promotion Board of India (FIPB) to have a joint venture here. Furla, known for its handbags and shoes, has sought the...

Apparel

Michael Kors enters India with Genesis Luxury

American luxury goods retailer Michael Kors that offers apparel and accessories for men and women, is partnering New Delhi-based Genesis Luxury Fashion to open stores in the country. The brand is said to have entered into a franchising agreement with its India partner. Michael Kors has opened its first shop in New Delhi’s luxe mall DLF Emporio ....

Apparel

Furla to team up with Genesis for JV

Italian premium handbag and accessories retailer Furla has sought the government’s approval to open single-brand retail outlets in the country through a joint venture with New Delhi-based Genesis Luxury Fashion. The brand known for its women’s handbags and shoes has sought the Foreign Investment Promotion Board’s (FIPB) approval to form a 51:49...

Apparel

Canali eyes JV, to pump in Rs 7.65 cr

Italian luxury fashion brand Canali is looking at forming a joint venture with an Indian partner and would invest Rs 7.65 crore in India with 51 per cent ownership. The Foreign Investment and Promotion Board cleared Canali Holding’s proposal last week, to set up the JV with 51 per cent foreign equity participation for single-brand retailing....

Apparel

Canali acquires 51% stake in Genesis

Italian luxury brand Canali has acquired 51 per cent stake to form a joint venture with its Indian franchise, Genesis Luxury Fashion. Like most other international brands, who despite government’s nod to 100 per cent FDI in single-brand retail, continue to work with their Indian partners, Canali too has decided to stick to its earlier...