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Representative imageIndia matters, and all over the world, luxury brands are looking at India, says Bénédicte Epinay, CEO of Comité Colbert, the official luxury association of France that represents 93 luxury brands and behemoths such as LVMH, Chanel and Kering.“Is India the next promising market? There are obstacles such as custom duties and the bureaucracy, but it probably is, because you have all the ingredients,” Epinay told ET. “You have the consumers, you have the appetite for refinement, you have the taste to understand luxury, and you have the passion to show off.”She was here for the first Indo-French luxury symposium, or ‘IFCCI Luxury Symposium’, held in New Delhi on Wednesday.“Post Covid, we are back to a new normal. Brands are seeing a growth of about 5-10% globally, which is w...

Authentic Brands Group (Authentic), a global brand development, marketing and entertainment platform, has announced a long-term partnership with Sakar International (Sakar), a top manufacturing company for Reebok. Through the partnership, Sakar will design, manufacture and distribute Reebok-branded basketball, pickleball, baseball, soccer and football equipment, as well as electronics, including audio, tech and massage products."We are pleased to partner with Sakar International to expand the Reebok brand into new product categories,” said Steve Robaire, EVP of Reebok at Authentic. “This partnership continues the momentum of Reebok’s return to sport on the heels of the Shaquille O’Neal, Allen Iverson, Justin Fields and Angel Reese announcements as we re-enter the sport equipment industry w...

New Delhi: The government is aiming to position itself as a textile sourcing and investment destination through seven Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) parks with an investment of ₹70,000 crore in the next 5 years, said textile secretary Rachna Shah. The government is looking to attract foreign direct investment (FDI) through PM MITRA and several other schemes. “We are hopeful that seven PM MITRA parks will emerge as growth centres in the textile sector, seeking the support of global investment players to invest in India and source textile from India," Shah said. The ministry is also focusing on increasing footprints in technical textiles, which is a growing market. Currently, India is exporting technical textiles, inclu...

The Yorkville Public Library has announced the following upcoming youth programs.Gingerbread Person Disguise: Stop by the library to pick up your gingerbread person. Take them home and disguise them to keep them safe this holiday season. Drop off your disguised gingerbread person by Saturday, Dec. 9.Escape Room Adventure: An Escape Adventure will be available the month of December. Use the clues to unlock the boxes before the next group comes in; you only have 30 minutes. Contact the Youth Service Department for an appointment time at 630-553-4354 ext 108 or stop in.3-D Printing (virtual): Leah English provides a step-by-step tutorial on how to use Tinkercad. Tinkercad is an easy to use 3D CAD design tool, where you can create an object that we can print on our 3D printer. Check out the li...

A push by the US to drastically reduce its reliance on mainland China has forced Hong Kong exporters to sever some ties at home and over the border, with firms also cutting down on imports of raw materials due to threats of boycotts, industry leaders have told the Post.But a shippers’ organisation said moves to diversify away from the country would not be easy, as it was an integral part of the global supply chain and difficult to replace. Amid the disruption, manufacturers and brands both locally and abroad said they had to face new business realities, some of which required overhauling operations.Dennis Ng Kwok-on, vice-president of the Chinese Manufacturers’ Association of Hong Kong, told the Post that the United States had started to ask local exporters who recently moved operations to...

Shop the LookAmidst the ongoing pandemic this year, Thanksgiving is still on schedule just like any holiday this year and every family can use these 5 unique thanksgiving ideas. This year’s celebrations will be a bit different than what we are used to. But the important thing is to make memories with your family and friends.With different circumstances surrounding this year’s fall holiday, I previously shared ways on how to make this year’s Thanksgiving celebration extra special. As we gear up to celebrate fall harvest and Thanksgiving at home in a few weeks, let this year’s changes not deter you from having a fun and festive celebration. You can still make your home festive by decorating your home and dining space with fall pieces. If you’re looking for affordable fall pieces to decorate ...

Representative imageRetailers like Amazon.com and Foot Locker are signaling optimism for holiday season sales after stronger-than-expected figures during Black Friday and Cyber Monday, as heavy discounts lured budget-strained customers on the peak U.S. shopping days.Early estimates on holiday shopping have been encouraging to some investors after retailers sounded cautious notes in the lead-up to the season. Online sales in the U.S. during the five-day period from Thanksgiving through Cyber Monday hit a record $38 billion, according to Adobe Analytics, while the National Retail Federation said more than 200 million people shopped both in-store and online during the holiday weekend, surpassing estimates. "While there are parts of the consumer that definitely are much slower and weaker, from...

PARIS - Fashion group SMCP, owner of French fashion labels Sandro and Maje, said on Thursday it signed a deal with Reliance to expand into India and will join other high-end European brands opening stores in the Jio World Plaza mall in Mumbai."There aren't a lot of accessible luxury fashion labels in India so we think it's time to be pioneering," said SMCP CEO Isabelle Guichot, citing India's wealth and growing population of younger generations among reasons for entering the country. After years of testing the Indian market with outlets in luxury hotels, high-end European labels are seeking to expand their retail presence there to tap its strong economic growth and a rapid rise in the number of local millionaires. SMCP did not disclose the financial terms of its partnership with Reliance ...

Economic recovery in the Philippines’ is expected to remain robust amid high inflation and weaker external demand, according to the ASEAN+3 Macroeconomic Research Office’s (AMRO) 2023 Annual Consultation Report on the Philippines.AMRO was set up to contribute toward securing macroeconomic and financial resilience and stability of the ASEAN+3 region, comprising 10 members of the Association of Southeast Asian Nations (ASEAN) and China, Hong Kong, Japan and South Korea.The Philippines' economic recovery is expected to remain robust amid high inflation and weaker external demand, according to the ASEAN+3 Macroeconomic Research Office's 2023 Annual Consultation Report on the Philippines. Growth is forecast to moderate to 5.6 per cent in 2023 from 7.6 per cent last year, and to pick up to...