The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
India’s second-largest jewellery chain by market share, Kalyan Jewellers, which raised 1,175 crore rupees ($160.83 million) through an initial public offering (IPO) a fortnight ago, has announced it will increase its retail footprint by 13 percent in the first quarter of this year by adding 14 new showrooms, according to a Business Today report.
Kalyan Jewellers currently has 107 showrooms in India and 30 in the Middle East. With the addition of these new outlets, the company will have 151 locations. The focus is scaling up its operations in first tier cities, such as Chennai, Delhi, Mumbai and Hyderabad, but mid-size showrooms in second and third tier cities will also form part of the new retail mix, the company said.
Chanel, Louis Vuitton and Tiffany & Co are among the brands expanding in Perth, Australia in a bid to tap its mining, oil and gas wealth and newfound status as a travel hub.
This week’s round-up of global markets fashion business news also features Haiti’s sourcing crisis, Brazilian jewellery giant Vivara and Dubai’s Ramadan shopping season.
This week’s round-up of global markets fashion business news also features Supreme’s long-awaited Shanghai flagship opening, India imposes MIP on undervalued imports of synthetic knitted fabric and striking Sri Lankan workers continue to protest.
Imran Amed shares his observations from a trip to the wealthy desert metropolis, home to the most lucrative stores for many of the world’s top fashion brands.