IndLux by JOJA’s Post

The Indian fashion scene is experiencing a boom in "affordable luxury." This means high-quality, stylish products at accessible prices – perfect for the Indian consumer. Here are 4 signs this trend is here to stay👇 📍Global brands going local: Luxury giants like Michael Kors and Kate spade OKC are opening shops in India. They offer designer styles without the sky-high price tags. This caters to a growing demand for luxury fashion, especially for special occasions. 📍Homegrown emerging brands: Indian brands like Nappa Dori and Nicobar Design Pvt. Ltd. are taking center stage. They mix Indian craftsmanship with global trends to create pieces at low price point. These brands resonate with young, style-conscious consumers who want to support local businesses. 📍Rise of disposable income: Disposable personal income grew by 8.5% in 2023 compared to the previous year. (The Economic Times) India's growing economy means more people have money to invest in quality fashion. This increase fuels the demand for affordable luxury. 📍E-com shopping increase: Online luxury sales are booming in India. This makes it easier for consumers pan India to access designer brands and find hidden gems. For example, AJIO.com luxe offers a multi-brand luxury e-shopping with brands like KENZO Mode and Marc Jacobs. Affordable luxury is no longer a niche market in India. It's a thriving trend, offering a wider range of stylish options for the discerning Indian shopper. Do you think affordable luxury means a golden opportunity for consumers? #fashion #affordable #luxury #india #consumers

Weaving a Luxe Future: 💎The Rise of Indian Luxury Fashion (2023-2024)💎 India's luxury fashion industry is experiencing a golden age, fueled by a burgeoning domestic market and a growing global presence. Let's delve into the numbers and trends shaping this exciting sector: ◾Market on the Rise: Revenue: According to Statista, the Indian luxury fashion market is estimated to reach $1.56 billion USD in 2024, reflecting a steady growth trajectory. Growth Rate: While the global luxury fashion market boasts a higher overall revenue, India's segment is projected to experience a CAGR (Compound Annual Growth Rate) of 1.26% between 2 2024-2028. This indicates sustained expansion in the coming years. ◾Driving Forces of Change: Affluent Consumers: India's growing middle class and rising disposable incomes are creating a significant demand for luxury goods. A report by Deloitte indicates a 34.7 billion USD luxury goods market in India, showcasing the overall spending power of this segment. Shifting Preferences: Younger Indian consumers, with global exposure and a penchant for high-quality, unique products, are driving the demand for luxury fashion. ◾Digital Revolution: E-commerce platforms are playing a crucial role, making luxury fashion more accessible across the country. The increasing internet penetration and smartphone adoption further fuel online luxury purchases. ◾Going Global: Foreign Brands Take Notice: International luxury giants are recognizing India's potential. With over a dozen new luxury brands entering the Indian market in 2023 alone, the competition is heating up. This not only benefits consumers with a wider range of choices but also pushes domestic brands to innovate and elevate their offerings. ◾Indian Labels Shine Bright: Established Indian luxury fashion houses, alongside a wave of new designers, are showcasing their talent on the global stage. This not only fosters cultural exchange but also positions India as a major player in the international luxury fashion scene. ◾The Road Ahead: The Indian luxury fashion industry is poised for continued growth. By embracing sustainability, leveraging technology, and nurturing homegrown talent, India can solidify its position as a global fashion powerhouse. ✨Join the Conversation! What are your thoughts on the future of Indian luxury fashion? Share your insights and predictions in the comments below! #IndianLuxuryFashion #LuxuryMarketGrowth #GlobalExposure #MadeInIndia #fashion #indianfashion #luxury #globalmarket Aditya Birla Fashion and Retail Ltd.

India: 🇮🇳 The Next Luxury Fashion Frontier Exciting times ahead as India gears up to redefine the luxury fashion landscape, mirroring China's success story! With a burgeoning middle class, soaring disposable incomes, and a deep-seated love for luxury, India is on the brink of becoming a goldmine for luxury fashion brands. International luxury giants are already making their mark, setting up shop and weaving collaborations with Indian designers to charm the discerning Indian consumer. Yet, the journey isn't without its hurdles. Infrastructure, understanding the nuanced Indian palate, and navigating cultural sensibilities are just the tip of the iceberg. The path is laid with both promise and challenges, but with strategic investments, innovative approaches, and collaborations that celebrate Indian heritage while catering to its modern aspirations, India is all set to dazzle the world as the next luxury fashion hotspot. #LuxuryFashion #Luxurybrands #GlobalLuxury

📰  In this week’s edition... ✨ Honouring Rohit Bal, the legendary couturier whose designs defined Indian couture and inspired generations. Bal wasn’t afraid to make a statement. One of the country’s most celebrated designers, he was known for his dramatic use of peacock and lotus motifs, intricate brocades, and rich velvets, bringing India’s heritage to the runway with unapologetic grandeur. Bal dressed icons from Uma Thurman to Naomi Campbell, becoming one of the first Indian designers to capture international attention. His reach went far beyond fashion—he designed costumes for Kaun Banega Crorepati, uniforms for British Airways, and collaborations with Aditya Birla. Here’s what else is going on: 1️⃣ NARS Cosmetics is on a mission to break into India’s top three luxury beauty brands, expanding retail and digital channels to meet demand from India’s young, discerning consumers. 2️⃣ Augustinus Bader lands in India through Reliance’s Tira Beauty, bringing science-backed skincare to an audience increasingly drawn to clinical-grade, luxury products that blend wellness with results. 3️⃣ India’s next-gen style icons are reshaping beauty, fashion, and luxury – fast, and in their own way. From Ananya Panday to Princess Gauravi Kumari, these cultural icons represent a new-age blend of glamour, authenticity, and impact. 4️⃣ Beyond luxury: Reliance Jio eyes a 2025 IPO with ambitions to transform India’s digital landscape, while VisioNxt launches India’s first AI-driven fashion forecasting tool, paving the way for local designers. 🚀 Want more insights? Subscribe to IndLux Newsletter @ www.indlux.co #RohitBal #NARSCosmetics #AugustinusBader #LuxuryBeauty #RelianceJio #VisioNxt #GenZIcons #IndLux

Everyone wants to buy from luxury brands. And now everyone can! The fashion landscape is undergoing a fascinating shift: the rise of accessible luxury. This segment caters to a growing demand for high-quality, well-made clothing and accessories at price points significantly lower than traditional luxury brands. Fueled by factors like price fatigue and a conscious consumer movement, accessible luxury brands are thriving. 💰 They offer beautifully crafted leather goods, ready-to-wear clothing, and more, typically ranging from $200 to $800. This strategic price positioning makes luxury more attainable to a wider audience, without compromising on quality or design. Think SANDRO's Parisian chic, maje's effortless femininity, or Tory Burch's timeless American sportswear – these are just a few examples of international brands making waves in the accessible luxury space. // However, the story doesn't end there. India, with its booming luxury market and rapidly rising number of affluent consumers, presents a particularly exciting opportunity. 1. Exponential Market Growth The Indian luxury market is projected to grow at a staggering 13-19% between 2024 and 2029, indicating immense potential. 2. Aspirational Consumers India's growing economy is creating a larger population of high-net-worth individuals and young professionals with a desire for premium fashion. 3. Shifting Preferences Indian consumers are increasingly drawn to contemporary fashion trends and are willing to invest in quality pieces that reflect their evolving style. 4. Focus on Quality & Design There's a growing demand for well-made, design-led clothing and accessories that cater to the Indian aesthetic. Homegrown brands like Pero by Aneeth Arora and DHRUV KAPOOR are already carving their niche in this space, offering unique blends of Indian heritage and contemporary sensibilities. Additionally, established Indian designers like Rahul Mishra are launching diffusion lines at simpler price points, catering to a wider audience. Accessible luxury is now more than just a trend – it's a force reshaping the fashion industry. With India poised to become a central player, this will be the next segment that catches everyone's eye. Which brands do you think fit the accessible luxury tag? Have you bought from any? Let me know in the comments below. #fashion #luxury #retail #accessible

Tira by Reliance: A New Luxury Beauty Destination Opens at Jio World Plaza Reliance’s luxury beauty #retailchain, Tira, has unveiled its flagship store at Mumbai’s Jio World Plaza, setting a new standard in India’s luxury retail landscape. This 15-boutique store brings together top #globalbeautybrands like Christian Dior Couture, Estée Lauder, YVES SAINT LAURENT PARFUMS, and Valentino under one roof, offering exclusive experiences unique to each brand. Notably, the ultra-premium #skincareline, Augustinus Bader, is now exclusively available in India through Tira. With cutting-edge virtual try-ons and personalized product suggestions, Tira is reimagining the luxury shopping experience. Each brand boutique offers distinctive experiences—Dior’s “Addict Beauty Ritual” provides a five-step skincare and makeup journey, while Armani and YSL offer personalized makeup services, showcasing each brand’s aesthetic. Tira’s in-store amenities elevate the shopping experience even further. The Beauty Concierge Service delivers customized recommendations, and the Scent Room offers a curated journey through international fragrances, featuring limited-edition collections. #TheTiraCafé, serving refreshments and transforming into a Champagne Bar for special events, adds an extra layer of sophistication. Isha Ambani, Executive Director of Reliance Retail Ventures, emphasized Tira’s mission to redefine luxury beauty for India, blending world-class brands with tailored services to create an unmatched experience. With this launch, Tira is positioned to be more than a store—it’s a luxury destination in the heart of Mumbai. #Retail and #ecommerce are integral parts of Technopak Advisors' consulting business. #retailbusiness #retailgrowth #retailtrends #retailbusinessideas #technopak #technopakadvisors #technopakinsights

✨ Indian Luxury Clothing Market Growth in Global Stocks 2024: A Rising Star in Fashion The Indian luxury clothing market is gaining momentum in global stocks, positioning itself as a vital player in the fashion world. With a projected growth rate of 11% CAGR from 2023-2028, India's luxury segment is thriving as it combines traditional craftsmanship with global demand for exclusivity and sustainability. ◾ Luxury with a Cultural Essence Indian luxury brands like Sabyasachi, Manish Malhotra, and Anita Dongre are redefining opulence, drawing global attention through unique heritage-based designs and sustainable practices. These brands tap into India's rich heritage, offering handcrafted textiles and embroidery that stand apart in a mass-produced market. Luxury consumers worldwide are increasingly drawn to the Indian aesthetic, which integrates cultural authenticity with elegance. ◾ A Growing Demand for Sustainable Luxury Sustainability is a major trend in luxury fashion, and Indian brands have responded by incorporating eco-friendly practices and ethical sourcing. India's deep-rooted handloom sector and natural dyeing techniques align with global sustainability goals, making Indian luxury clothing especially appealing to conscious consumers. This sustainable edge has helped Indian labels establish a presence in high-end global markets, appealing to a clientele that values exclusivity and ethical production. ◾ Rising Investments and Market Expansion With international giants like Reliance and Aditya Birla ramping up investments in luxury retail, the Indian market is attracting foreign interest. Global investors are increasingly confident in the sector's resilience, as India’s affluent and growing middle class drive luxury demand. High-net-worth individuals (HNWI) and young millennials in India are investing in luxury as a lifestyle, encouraging brands to expand their footprint both domestically and internationally. ◾ Conclusion: India as a Global Luxury Contender In 2024, India's luxury clothing market is well on its way to becoming a global force. Blending cultural heritage, sustainable practices, and modern luxury, India’s ascent in the global luxury clothing market reflects a broader trend of localized luxury making a powerful international impact. As stocks reflect this growth, Indian brands are likely to become key assets in global luxury portfolios, securing a prominent spot on the world stage. #IndianLuxuryMarket #GlobalFashion #SustainableLuxury #LuxuryStocks #IndianCraftsmanship #HeritageFashion #LuxuryInvestments #EcoLuxury #IndianTextiles #GlobalLuxury #HighEndFashion #FashionInnovation

Digital adoption fuels luxury retail boom, says Gopal Asthana, CEO, Tata CLiQ In India’s diverse retail scene, luxury fashion stands out like a sparkling gem, drawing in both picky shoppers and big international brands. Leading the charge in this exciting journey is Gopal Asthana, CEO of TATA CLIQ a platform for luxury lifestyles in India. Asthana’s deep understanding sheds light on how India’s luxury market is changing and growing, telling a captivating story of progress, change, and dreams. Amid a booming economy and changing shopper preferences, Asthana’s viewpoint reveals how tradition and modernity, as well as exclusivity and accessibility, are coming together to reshape luxury shopping in India. India Fashion Forum #DigitalAdoption #LuxuryRetailBoom #GopalAsthana #TataCLiQ #LuxuryFashion #RetailScene #InternationalBrands #LuxuryLifestyles #India #EconomicGrowth #ShopperPreferences #TraditionAndModernity #ExclusivityAndAccessibility #LuxuryShopping #MarketTrends #ProgressAndChange #Dreams #BoomingEconomy #ChangingPreferences #ReshapingRetail #RetailEvolution #FashionNews #FashionUpdates #BoFDaily #BoFNews #BoFUpdates

Hold onto your designer bags, because..... 𝗜𝗻𝗱𝗶𝗮𝗻 𝗹𝘂𝘅𝘂𝗿𝘆 is taking the world by storm! Just look at the numbers: 💰 India's luxury market is expected to reach a staggering $𝟱𝟵 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 by 2025. 🚀 Homegrown brands like Sabyasachi and House of Anita Dongre Limited are expanding into the #US, #UK and #MiddleEast. 💎 Jewelry label Nirav Modi opened boutiques from #NewYork to #HongKong before its founder's dramatic downfall. What's driving this Indian luxury explosion? A few key factors: 🤑 Burgeoning Wealth: India's ultra-rich population has grown by 116% in the last decade. 🛍️ Brand Consciousness: Aspirational shopping is on the rise among affluent Indian consumers. 🌐 Global Exposure: Indians are increasingly familiar with international luxury names, sparking demand for local alternatives. And the future looks even brighter. Indian fashion is poised to capture an even bigger slice of the $𝟭.𝟱 𝘁𝗿𝗶𝗹𝗹𝗶𝗼𝗻 global luxury pie. Analysts predict homegrown brands could account for 𝟭𝟬% of India's luxury sales by 2025. The world is waking up to India's incredible design talent, rich heritage, and manufacturing prowess. Share your excitement about this rising Indian luxury movement in the comments below. I can't wait to hear your thoughts! #luxury #brands #indianfashion #indianconsumer #fashion

💫 India's Rising Stars: Homegrown Luxury Brands Take Center Stage ✨ The Indian luxury fashion scene is experiencing a renaissance. Fueled by a growing affluent population and a burgeoning domestic market, a wave of exciting new players are emerging, ready to challenge the status quo. Among these rising stars is Ziyorah, a brand poised to shine not just in India, but on the global stage. 🔸 A Market Ripe for Innovation Gone are the days when luxury in India solely meant established international labels. Today's discerning Indian consumer craves a unique and personalized experience. They seek brands that resonate with their cultural heritage while offering contemporary aesthetics and impeccable quality. 🔸 Ziyorah: A Diamond in the Rough Ziyorah embodies this new wave of Indian luxury. Their commitment to sustainable practices, handcrafted techniques, sets them apart and caters to the growing demand for conscious luxury. 🔸 Beyond Borders The success stories of Indian fashion houses like Sabyasachi and Anita Dongre demonstrate the global appeal of Indian design. Ziyorah, and other emerging brands, are poised to follow suit. Their focus on innovation and a deep understanding of the modern Indian woman or man positions them perfectly to take the world by storm. 🔸 A Look Ahead India's luxury fashion market is brimming with potential. With a growing pool of talented designers and a market hungry for homegrown luxury experiences, the future looks bright. We can expect to see more Indian brands like Ziyorah captivating audiences worldwide, pushing the boundaries of design and redefining what it means to be a luxury brand in the 21st century. #IndianLuxury #FashionStartup #Ziyorah #MadeInIndia #GlobalStage #highendfashion #fashion #indianfashion #luxury #indiandesigners #shoplocal #homegrown #designers #redefining #futurefashion #cultural #shoponline