Fast fashion is the latest business model in the clothing industry. Brands like Zara have been able to use this model to turn their business into a profitable one. The model essentially involves producing more and more clothes in a short amount of time to keep up with the latest fashion trends. Zara is now … Read More →
A Spanish jewellery company endorsed by some of Hollywood’s biggest stars is under investigation over accusations it sold items it falsely claimed were made entirely of gold and silver. Luxury goods maker TOUS, which sells its jewellery, handbags and accessories in more than 50 countries, is the subject of an inquiry launched by the National … Read More →
A group of 25 people face trial in Morocco in connection with the alleged robbery of luxury watches and jewellery from one of King Mohammed VI’s royal palaces. They have been accused of belonging to a criminal gang that reportedly carried out the raid on a palace in Marrakesh, according to local media. The alleged ringleader of … Read More →
After collaborating with the likes of French luxury fashion house Balmain and Italian luxury fashion company Versace, Swedish fast-fashion retailer Hennes and Mauritz (H&M) on Tuesday announced its first Indian collaboration with designer Sabyasachi Mukherjee. The designer, under his label Sabyasachi, is known for the use of Indian textiles in the construction of modern silhouettes. Launching … Read More →
Gross exports of gems and jewellery have declined for nine months in a row this financial year. It fell by 2 per cent YoY in December to $2,436 million. It had seen a YoY decline of 3 per cent in November. The quantum of de-growth in gross exports in the nine months of FY20 is … Read More →
On Feb. 28, when Glenda Bailey stands in the Musée des Arts Décoratifs of the Louvre, presiding over the opening of a new photography retrospective, “Harper’s Bazaar: First in Fashion,” it will mark her final act as editor of the storied magazine. Hearst, the publication’s owner, announced on Wednesday her move to become a “global consultant” after 19 … Read More →
The Rebate of State and Central Taxes and Levies (RoSCTL) scheme, which the Indian government said in March would be soon available for the apparel and made-up segments, is yet to be made available. The Merchandise Exports from India Scheme (MEIS), discontinued from August 1 and reinstated later for other export sectors, is also not … Read More →