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Gucci Sued for ā¹1 Crore Over Shoes! š š Big Brands, Bigger Responsibilities? Just read about a Mumbai advocate filing a ā¹1 crore consumer complaint against Gucci, alleging defective shoes caused injury and trauma. A pretty bold move! Definitely makes one think: ā Consumer Rights are REAL: This case shows that no brand, luxury or otherwise, is above the law when it comes to product 'quality and safety'. ā Premium Price = Premium Duty: If you're paying too much for a luxury item, shouldn't a higher standard of quality and care be a given? ā Beyond the Product: The claim isn't just for the shoe cost, but ā¹1 crore for alleged injury, mental agony, and trauma. Speaks a lot about the real-world impact defective products can have. ā Power to the Consumer: A good reminder of the options available through consumer courts to seek redressal. What's your take? Do luxury brands face enough scrutiny for product defects? News source is attached...
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Want to start a premium laundry service, like tumbledry, sneakins etc. (Pioneers in cleaning ultra luxury goods like gucci, LV, premium shoes and bags etc.) What do you guys think about the laundry market space? Is this something that can grow alot
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The Government of India has revised the investment and turnover limits for MSME classification. As per the latest notification, the new limits are: Investment criteria ā Micro Enterprises: Up to ā¹2.5 crore (earlier ā¹1 crore) ā Small Enterprises
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These pair of old sandals just sold for 1.8 crore rupees. You might think these don't even look like luxury designer shoes or rare sneakers. So why did someone pay 1.8 crores for them? Because these sandals were worn by Steve Jobs. Let me tell
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There's only one probabilistic definitive view point we can come across when analysing what product would be successful, that is:- When a consumer comes across a product, he consciously or sub consciously decides where the product fits in the consum
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āThe Pricier, the Better: How the Veblen Effect Drives Luxury Brand Obsessionā The Veblen Effect is a psychological phenomenon where demand for a product increases as its price risesābecause the high price signals status, not just value. Luxury bran
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How Many Indians Actually Earn Over ā¹1 Crore a Year? The Number Might Shock You. š¬ With a population of over 140 crore, you'd expect lakhs of crore plus earners in India. But the real number is surprisingly low. What does this say about income ineq
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Quick questions related shoes 1. What do prefer leather shoes or synthetic shoes and why? 2. What is the maximum price you would pay for a pair of formal leather shoes? 3. How often do you purchase a new pair of shoes for regular use? Would love to
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