Luxury brands struggling in 2nd COVID wave

The Indian luxury industry has grown steadily and remarkably at a consistent rate of 18-20% per annum since 2013. And as per a report by luxuryfacts.com, the industry’s growth presumption was estimated to stand at around 10 billion USD in 2014. It was then that the boost gained momentum where the majority of manufacturing for big European luxury brands such as Dior, Chanel, Versace, and so on was directed towards Indian supply chains.

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