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Luxury brands’ new snag? Handbag arbitrage

Livemint

Livemint · 11m ago

Luxury brands’ new snag? Handbag arbitrage

China's daigou trade is flourishing, posing a challenge to luxury brands. Daigous buy luxury goods abroad at lower prices and resell them in China, undercutting the local market. The daigou market has experienced strong growth, with sales rising 23% in the first half of 2023 compared to the same period last year - while luxury brand sales in China slumped 5%. Luxury brands may have inadvertently driven shoppers towards daigous by increasing prices significantly in recent years. This parallel market is dominated by corporate traders who buy in bulk from throughout the luxury-goods supply chain.

Related News

How D2C Brand eské Is Taking On Aldo & Ilk With Its “Less Is More” Strategy

Inc42 · 1y ago

Indian D2C brand Eské is carving a niche in the $3.7 billion handbag market by offering durable and sustainable luxury products at affordable prices. Many luxury brands manufacture their products at a fraction of their retail costs, leading to inflated prices for consumers. Eské aims to provide long-lasting and luxurious products designed for the long term, offering a competitive advantage with its in-house manufacturing. While still building its presence in India, Eské has garnered strong brand loyalty from customers who appreciate the quality and affordability of its products.

Miraggio raises $6.5 million in round led by RPSG Capital, Client Associates Alternate Fund

Economic Times

Economic Times · 3m ago

Miraggio raises $6.5 million in round led by RPSG Capital, Client Associates Alternate Fund

Miraggio, a fashion handbag and accessories brand, secured $6.5 million in a funding round led by RPSG Capital Ventures and Client Associates Alternate Fund. The funds will support retail expansion, technology integration, and team growth. Miraggio aims to open 15-20 stores and launch 500 new products over the next two years. Positioned to fill a market gap with luxury at affordable prices, the brand targets fashion-conscious women in tier I to III cities, leveraging digital channels and expanding offline presence.

Luxury brands getting set to open new doors, to be ready by festive quarter

Livemint

Livemint · 1y ago

Luxury brands getting set to open new doors, to be ready by festive quarter

Several luxury brands are opening new stores in India ahead of the festive season, indicating a potential boost for the industry after a slowdown due to extreme summer heat and general elections. Brands such as Aquazzura, Diptyque, Baccarat, and Golden Goose are set to launch stores in Delhi, Mumbai, and Bengaluru. Luxury shopping centres like DLF Emporio and The Chanakya are also planning to add new brands and expand their offerings. The rise in luxury consumption in India is attributed to the country's growing affluent population and rising disposable incomes.

Reliance's luxury business out of style in FY25 as demand dips

Economic Times

Economic Times · 22d ago

Reliance's luxury business out of style in FY25 as demand dips

Reliance Brands, the flagship luxury firm of Reliance, saw sales growth slow to 5% in FY25, reaching ₹2,616 crore as demand weakened across discretionary segments. Losses narrowed slightly to ₹279 crore. The company manages over 50 international luxury brands, including Bottega Veneta, Tiffany & Co, and Pret A Manger. Despite the slowed growth compared to the previous year’s 12%, the business enriched its portfolio with new brand partnerships, focusing on global expansion.

From watches to bejewelled lighters, India catches the fancy of luxe labels

Livemint

Livemint · 11m ago

From watches to bejewelled lighters, India catches the fancy of luxe labels

The growing number of wealthy consumers in India and the economic slowdown in China have attracted luxury brands to the South Asian nation. With India's GDP projected to surpass $7 trillion by 2030, luxury brands are eager to tap into the fast-growing market. Swiss luxury watchmaker Gerald Charles has entered India through a partnership with Ethos Ltd, offering exclusive timepieces. Other brands, including U-Boat, S.T. Dupont, and Franck Muller, are also expanding their presence in India. As India's middle class continues to grow, consumer spending and demand for luxury goods are expected to increase.

Luxury companies pin their hopes on winter and wedding shopping

Livemint

Livemint · 9m ago

Luxury companies pin their hopes on winter and wedding shopping

Early trends suggest a revival of sales momentum in the second half of the fiscal year at luxury hotspots in India. The ongoing festive season, including weddings, is expected to make up for slow sales earlier this year. In Delhi, luxury brands like Aquazzura and Brunello Cucinelli are experiencing brisk sales despite high prices. South India is also witnessing strong sales in the luxury sector, particularly in accessories, clothing, watches, and home categories. Mumbai's Jio World Plaza has seen new store openings, while French luxury brand Cartier is experiencing increased demand for watches and jewellery.

Why Louis Vuitton and Dior can't bring their shoes to India

Livemint

Livemint · 1y ago

Why Louis Vuitton and Dior can't bring their shoes to India

French luxury brands like Louis Vuitton, Dior, and Christian Louboutin have been unable to sell their footwear in India due to the government's quality rules. These rules require imported footwear to meet Indian standards and display the ISI mark, which can significantly lower the value of luxury brands. The brands may have to meet these standards in their European factories, which is seen as a cumbersome process. The government has rejected requests for relief and urged the brands to set up manufacturing units in India. Despite this hurdle, India's luxury goods market continues to grow rapidly.

Corporate bonds meet arbitrage: a smarter, tax-efficient play for fixed income investors

Economic Times

Economic Times · 1m ago

Corporate bonds meet arbitrage: a smarter, tax-efficient play for fixed income investors

Investors seeking stability and tax efficiency in fixed income are turning to a strategy combining corporate bonds with arbitrage opportunities. Gautam Kaul, a senior fund manager at Bandhan AMC, highlights this blend offers stable returns with tax advantages. The Bandhan Income Plus Arbitrage Fund of Funds invests in corporate bonds and arbitrage funds, providing a diversified, tax-efficient investment. This approach appeals to both retail and institutional investors amid changing interest rates and market dynamics.

Why a shabby luxury brand is hard to fix

Livemint

Livemint · 1y ago

Luxury fashion brands Gucci, Balenciaga, Burberry, and Salvatore Ferragamo are struggling to regain market share and increase sales. These brands have faced various challenges such as over-the-top designs, controversial ad campaigns, weak sales, and dependence on discount outlets. Despite efforts to revamp their image and attract customers with high-priced handbags, these brands are still facing declining sales and pressure on profit margins. The dominance of larger luxury groups like LVMH, increased marketing budgets, and a shrinking market for affordable luxury goods further contribute to the difficulties faced by these brands. Investors should be cautious and monitor the effectiveness of turnaround plans before making any investment decisions.

Prada to Miu Miu, uber-luxury eyes an India home

Livemint

Livemint · 2m ago

Prada to Miu Miu, uber-luxury eyes an India home

Nearly a dozen global luxury brands, including Prada, Miu Miu, Max Mara, and Bang & Olufsen, are entering or expanding in India, highlighting a growing recognition of the country's high-end retail market potential. India is rapidly emerging as a key market for luxury goods, attracting major international brands across fashion, technology, and fragrance sectors. This growth signals a significant shift in global luxury retail dynamics, with India becoming a major frontier for expansion.

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