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Luxury Market India: Luxury market in India rides the new wave of affluent buyers, ET Retail

Luxury Market India: 2023 was a record year for India’s luxury market. The affluent population in India is expanding rapidly, with the number of high net worth individuals (HNIs) expected to reach 16.5 lakh by 2027, up from 7.9 lakh in 2022. Similarly, the number of ultra-high net worth individuals (UHNIs) could surpass 19,000 by 2027, compared to about 12,000 in 2022, as per Bain's estimates.

Spain , Mumbai , Maharashtra , India , Beijing , China , Switzerland , Italy , Paris , France-general- , France , Ayodhya

Luxury market in India rides the new wave of affluent buyers

2023 was a record year for Indias luxury market. The affluent population in India is expanding rapidly, with the number of high net worth individuals (HNIs) expected to reach 16.5 lakh by 2027, up from 7.9 lakh in 2022. Similarly, the number of ultra-high net worth individuals (UHNIs) could surpass 19,000 by 2027, compared to about 12,000 in 2022, as per Bain's estimates.

Italy , Paris , France-general- , France , Mumbai , Maharashtra , India , Hyderabad , Andhra-pradesh , Spain , Ayodhya , Uttar-pradesh

Swatch warns clock's ticking over consumer spending in China

Swatch warns clock's ticking over consumer spending in China
euronews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euronews.com Daily Mail and Mail on Sunday newspapers.

Hong-kong , China , Switzerland , Chinese , Swiss , Nick-hayek , Neue-zuercher-zeitung , Federation-of-the-swiss-watch-industry , Prada , Swatch , Gucci , Valentino

Gucci's China shock reverberates across the luxury landscape, ET Retail

Fears of a slowdown in luxury spending among Chinese consumers have been growing for some time, and recent events have underscored this concern. Kering SA, the parent co of Gucci, experienced a significant decline in its market value following a warning about slumping sales of Gucci products in China.

France , Switzerland , Macau , New-york , United-states , Shanghai , China , India , Japan , Singapore , Hong-kong , Italy

Gucci's China shock reverberates across the luxury landscape

Its parent company saw US$9 billion wiped off its market value after warning that Gucci's China sale have slumped this quarter. Read more at straitstimes.com.

Hong-kong , London , City-of , United-kingdom , United-states , France , China , Switzerland , Italy , Shanghai , Swiss , French

The end of luxury? Gucci slowdown sends alarms: 'Turned itself into a streetwear brand but later…'

While some luxury companies are managing the fallout better than others, the rest could be forced to rethink how they do business in China starting with Kering.

Italy , Japan , Shanghai , China , Singapore , Macau , New-york , United-states , Hong-kong , Hindustan , India-general- , India

Gucci's China shock reverberates across the luxury landscape | Jennifer Creery, Shirley Zhao & Andy Hoffman

Fears of a slowdown among Chinese shoppers have dogged the luxury industry for the better part of a year. Last week the scale of the problem hit home for one of fashion’s biggest but most exposed brands, Gucci. French group Kering SA saw $9 billion wiped off its market value…

India , Japan , Singapore , France , Switzerland , United-states , Italy , China , Shanghai , Macau , Hong-kong , New-york

Bangkok Post - Gucci's China shock reverberates across luxury landscape

Bangkok Post - Gucci's China shock reverberates across luxury landscape
bangkokpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangkokpost.com Daily Mail and Mail on Sunday newspapers.

United-states , Singapore , Shanghai , China , Hong-kong , Milan , Lombardia , Italy , Switzerland , India , New-york , Macau

Gucci: Gucci's China shock reverberates across the luxury landscape

Fears of a slowdown in luxury spending among Chinese consumers have been growing for some time, and recent events have underscored this concern. Kering SA, the parent company of Gucci, experienced a significant decline in its market value following a warning about slumping sales of Gucci products in China.

France , India , New-york , United-states , Hong-kong , Japan , Shanghai , China , Switzerland , Macau , Singapore , Italy

Gucci's China Shock Reverberates Across the Luxury Sector

Gucci's China Shock Reverberates Across the Luxury Sector
businessoffashion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessoffashion.com Daily Mail and Mail on Sunday newspapers.

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