LUXURY INFLUENCERS
China's crackdown on 'wealth-flaunting' social media puts pressure on influencers to echo the party line
Chinese regulators crack down on social media influencers flaunting wealth, contrasting with US mental health concerns. The campaign targets extravagant displays, reflecting wider fears of subversive views. Public support for authoritarian measures shapes the crackdown, including pressure on Taiwanese influencers. The effort aligns with China's goal of managing its vast online population under President Xi Jinping's watchful eye.
Noida: What's pushing flat rates as city goes luxury from affordable
Noida and Greater Noida have become premium real estate hotspots in the last five years, with significant price appreciation and increased demand for luxury properties. The average apartment price has risen from Rs 1.24 crore in 2022 to Rs 1.68 crore in 2023, with a notable surge in sales of apartments priced at Rs 3.5 crore and above. Infrastructure development, completion of stalled projects, and policy changes are key drivers of this transformation.
Tripti Dimri joins Mumbai's elite with lavish bungalow purchase worth Rs 14 cr: Check details
Bollywood actress Tripti Dimri has purchased a luxurious bungalow in Mumbai's Bandra West for Rs 14 crore. The property, located off Carter Road, includes a ground-plus-two-storey structure with a total area of 2,226 square feet. Dimri paid Rs 70 lakh in stamp duty and a registration fee of Rs 30,000. The transaction was registered on June 3, 2024.
Anant Ambani-Radhika Merchant pre-wedding: Orry shares pic from luxury cruise
On Tuesday, Bollywood's favorite 'bestie' took to Instagram Stories to share a glimpse of his cabin aboard the luxurious cruise. The snapshot captures the mesmerizing beauty of the setting sun casting its glow over the tranquil sea waters. Before this, on Monday, the social media influencer was spotted departing from Mumbai's airport, en route to Barcelona to partake in the pre-wedding festivities.
Luxury influencers vanish from Chinese social media in wealth crackdown
Chinese social media censors have blocked multiple influencers known for showing off their lavish lifestyles after an official campaign to curb displays of ostentatious wealth online was announced. China's internet watchdog in April launched the "Clear and Bright" campaign to remove undesirable content from social media, vowing to crack down on influencers who created "ostentatious personas to cater to vulgar needs, and deliberately display extravagant lifestyles filled with money".
Of princess, pastel flowers and homegrown slow luxury brand, 'Akutee'
Akutee, a homegrown "slow luxury" brand, has unveiled its collection of hand-painted embellishments, mostly in pastel shades, on May 16 at the Four Seasons in Bengaluru. The brand, which focuses on hand-painted embellishments, was inspired by the gardens of the royal Ghatge family of Kolhapur. The brand's name, 'Akutee', is a nod to the Ghatge royal women's lineage and an ode to all the women in her family.
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Pav in Ford Mustang? Vada Pav Girl Chandrika Dixit hints at a big surprise after dispute with residents, Delhi Police
Delhi's famous "Vada Pav Girl," Chandrika Dixit, famed for her street food stall, grabbed headlines anew with a luxurious addition to her life - a Ford Mustang. A viral video showcased her cruising in style, has ignited online chatter. Dixit's social media presence, often flaunting lavish purchases, continues to fascinate.
Who is Ankur Jain? Inside the tech titan's grand Egyptian wedding with former WWE diva Erika Hammond
Tech mogul Ankur Jain and former WWE star Erika Hammond recently celebrated their extravagant wedding against the backdrop of Egypt's pyramids. The festivities included a luxurious safari in South Africa and a four-day celebration in Egypt, attended by a star-studded guest list. Jain, known for his tech innovations, founded Bilt Rewards and Kairos, while Hammond has made a successful transition to fitness coaching post-wrestling.
Luxury in electric cars means range and (much) more
While the next-generation Roadster with record-setting acceleration, range and performance might offer a glimpse into the future, US-based Tesla, Vietnam’s Vinfast, China’s BYD and many other global luxury car makers may bet on premium feature-led electric models for the Indian market.
Forbes Richest List 2024: Bernard Arnault retains title as World's richest person with $233 bn fortune; Report records 2781 billionaires worldwide
Bernard Arnault maintains his position as the world's richest person in 2024, with a fortune of $233 billion, driven by LVMH's exceptional performance. His strategic acquisitions and focus on succession planning highlight his visionary leadership. Globally, the number of billionaires has reached a record high, with significant concentrations of wealth in the United States, China, and India. Arnault's continued success underscores his enduring impact on the luxury goods industry and the global economy.
Homecoming: Why NRIs are choosing India as their retirement destination
In recent years, there's been a notable trend of Non-Resident Indians (NRIs) choosing India as their retirement spot, often called 'homecoming.' This article explores why India is becoming a favored destination for NRI retirees.
Luxury brands prefer high streets, lease 600,000 sq ft in 2023
High streets have become the top choice for luxury brands in India, with over 100% year-on-year growth in leasing in 2023, according to CBRE data. Malls remain the second most preferred category, with 300% year-on-year growth. Luxury brands are aggressively seeking new avenues to attract both seasoned and aspiring luxury consumers in India. The surge in leasing has been accompanied by the entry and expansion of various international luxury brands across different locations.
Luggage brands on high-growth path as travel industry booms
India's travel renaissance is driving a luggage revolution, with sales doubling. Global brands like Tommy Hilfiger and Delsey Paris are growing in the premium range, while Safari, Kamiliant, and Aristocrat are popular in tier-3 and 4 cities. The market is also seeing partnerships with luxury brands and celebrities, and the emergence of direct-to-consumer brands.
Baby, you can drive my EV
The luxury segment is setting the trend for automobile consumers’ migration to sustainability. Consumers are becoming more environmentally conscious and are demanding sustainable products, including sustainable vehicles. This may sound paradoxical, but the change is driven by the younger generation that is far more conscious of the environment and are mindful of their carbon footprint than earlier ones.
The world could get its first trillionaire within 10 years, anti-poverty group Oxfam says
The global elite at the World Economic Forum in Davos grew $405 billion richer in 2020 and reached a total wealth of $869 billion last year, while nearly five billion people worldwide became poorer, according to Oxfam. The charity warned against the influence of the ultra-rich on tax policy and called for action to address the increasing global inequality.
What’s driving a return to maximalism in the luxury sector?
Maximalism has taken centre stage in the fashion world, replacing the quiet luxury trend of 2023. Luxury brands are embracing bold colours, edgier silhouettes, and a resurgence of logomania.
Dubai’s shift in consumer behaviour fuels influencer marketing surge
Dubai's social media capital status fuels $1.3B influencer market growth.
The Emergence of Luxury Self-care Brand Kimirica: A New Era of Consumerism
In 2012, Kimirica embarked on a humble journey, initially supplying bath and body products to a select group of hotels. Fast forward to today, Kimirica has evolved into a global powerhouse, standing as one of the foremost manufacturers and providers of hotel amenities. Its reach extends not only across India but spans across more than 30 countries worldwide. This remarkable growth trajectory showcases Kimirica's unwavering commitment to excellence and its transformation into a key player in the international hospitality industry.
PRS ‘Biki’ Oberoi (1929-2023): The man who scaled the heights of excellence in hospitality industry
PRS Oberoi, who died on Tuesday, ensured that the hotel group named after his family set impeccable standards in luxury and attention to detail. He was also a people person.
Is South Korea tracking Kim Jong Un’s lavish lifestyle amid the increase in imported luxury items?
The South Korean Unification Ministry has been vigilantly tracking the influx of luxury goods into North Korea, exposing a significant rise in visible affluence among the nation's elite. High-ranking figures, including the Kim Dynasty, in North Korea have displayed an increased interest in designer merchandise and opulent items.
Navigating the Modern Marketing, Branding & Advertising Landscape: Current Trends and the Path Forward
The modern marketing, branding, and advertising landscape is continually evolving. To thrive in this ever-changing environment, it's vital to stay informed about the latest trends and strategies that work.
Tony properties sell like hotcakes: What's driving the uber luxury real estate?
A luxury apartment in Mumbai has been sold for Rs 130.24 crore, reflecting the recent surge in the city's high-end residential market. The buyer, Asha Mukul Agarwal, also purchased two apartments for over Rs 132.75 crore. Mumbai has been witnessing record-setting transactions in its real estate market, with celebrities and high-net-worth individuals making significant purchases. Sales of luxury homes in Mumbai costing Rs 10 crore and above rose nearly 50% in the first half of 2023. The market is expected to continue to thrive due to the growing wealth in India and the city's rising number of millionaires.
G20 Summit skyrockets Delhi's luxury cars demand: Rentals reach up to Rs 1 lakh per day
Car rental agencies in Delhi are experiencing a surge in reservations for high-end vehicles ahead of the G-20 summit in September. Luxury vehicles are sold out, and agencies are arranging for more cars from nearby areas. The event's attendees are expected to require thousands of upscale vehicles during their visit.
Mumbai prime residential prices up 5% in June quarter, ranks 6th globally
In the second quarter ending June, Bengaluru ranked 20th among these markets with a 3.6% price rise and New Delhi stood at 26th position with marginal 0.2% increase. The study has cited Mumbai and Auckland to lead the highest change with 5% increase in prices against average 2% rise across 26 markets in 2024.
Luxury Fyre Festival returns: A second chance or a recurring mirage?
The notorious Fyre Festival is staging a comeback, offering tickets for its second endeavor currently available at a cost of $499 (£391). Here are the details of the event.
Digital wears Prada: As tech meets luxury, IT majors find a new ray of hope
Circa 2023. A luxury retailer has invited you to an exclusive fashion show in-person just because you looked up their products online. If this idea sounds far-fetched, think again. Luxury giant Prada is planning to make something similar happen soon using Adobe’s cloud solutions.
On Ramayana trail, young Indians help revive tourism in crisis-hit Sri Lanka
India is the largest tourist source market for Sri Lanka, which is yet to recover from its worst financial crisis in decades that pushed it to bankruptcy status last year. The country received 720,000 tourists last year and the target is to get 1.55 million tourists.
Income-tax department 'following' influencers, notices to 15
The income-tax department has sent notices to 15 such influencers, who had flaunted their overseas holidays and luxury shopping, for paying zero or "substantially low" tax despite receiving hefty fees from companies whose products they promoted through their posts, a senior official told ET.
How luxury brands are wooing Gen Z shoppers
The why-not attitude is driving the shopping habits of the younger generation, particularly Generation Z, those born between 1997 and 2012, who wears luxury on their sleeve without being apologetic about it.
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