The 280 billion euros ($320 billion) per year global luxury goods sector, already reeling from months of protests in the shopping hub of Hong Kong, was dealt a hammer blow earlier this year by the coronavirus outbreak in mainland China.

China accounts for just around 1% of the group's total revenue and Italy for 5%, the CEO said. Safilo's factory in China reopened on Feb. 10 and it is now running at 85% of its capacity, and no big problems occurred at plants in Italy.

Twelve tons of the gel will be produced as soon as this week.

We foresee a deferred demand. Most of the weddings in Q1 got pushed to Q3 or Q4 due to the lockdown. People may spend less money on destination weddings, clothes and other events around it. But we expect investment in jewellery for weddings, said Ajoy Chawla, CEO of Titan’s jewellery division.

The revenue growth of organised gold jewellery retailers could halve to 5-6% (compound annual growth rate) in the current and next fiscals, compared with 12% in the preceding three fiscals, a CRISIL study of 44 such retailers it rates shows.

The lockdown has resulted in closure of retail stores across the country. Apart from this, there have been supply chain disruptions with restriction on movement of non-essential goods. While jewellery buying is generally spread throughout the year, it peaks during periods of Akshaya Tritiya, wedding and festival seasons as buying gold is considered culturally auspicious.

Senco Gold & Diamonds is offering a discount on the gold rate. Sankar Sen, CMD of the Kolkata-based company, said the special Akshay Tritiya offer entails giving a discount of Rs 400 per gram on the gold rate during the offer period that runs from April 22-27.

"As we started getting a lot of enquires from our regular customers, we have started taking Akshay Tritiya bookings online from 21st April onwards on our e-commerce platforms. The same will be delivered to the customers post lockdown ends," Aditya Pethe, director, WHP Jewellers said.

Mr. Ajoy Chawla, CEO, Jewellery Division at Titan Company Limited said, "All 328 Tanishq stores remain shut this year and hence it would be unfair to compare numbers with last year. But the overall customer response to tanishq.co.in from key metros and even with tier-2 and tier-3 towns has been extremely encouraging.

The 49-year-old, who has been lodged at Wandsworth Prison in south-west London since his arrest last year, appeared before a UK court via videolink.

India, the world’s largest diamond polishing hub that employs over one million people, is likely to see a staggering 50% job loss. Diamond merchants are struggling to manage their inventories or pay salaries to their craftsmen. Knock-on effects are being felt by one million more workers employed in the gems and jewellery industry.

Datassette presents a series of mixes intended for listening while programming to aid concentration and increase productivity (also compatible with other activities).

The body has appealed to Prime Minister Narendra Modi and state chief ministers to facilitate payement of wages to workers for these two months. GEMA president Vijay Jindal also sought intervention of Textile Minister Smriti Irani and Finance Minister Nirmala Sitharaman in the matter.

Once markets are reopened, the industry would also be braving a changing consumer spending behavior and capacity. There could be a major lag before sales begin to pick up. Fashion as a commodity is also perishable. It may be very difficult to sell the loaded inventories in warehouses, and heavy discounts would not be an attractive option at a time of slim profit margins.

The annual index by advocacy group Fashion Revolution - now in its fifth year - ranked 250 of the world's biggest brands according to how much information they disclose about their social and environmental policies, practices and outcomes.

According to exporters, payments of previous dispatches are also withheld by importers in the UK and Europe. These exporters employ about 50,000 people, and 60% of them are women engaged in tailoring, thread-cutting and other hands-on work.

The council had recently organised a webinar on 'Manufacturing of PPE Products under Medical Textiles', which saw about 2,000 participants, mainly apparel exporters from across the country.

The New York-based chain, known for preppy clothing at times worn by former first lady Michelle Obama, filed for bankruptcy in a Virginia federal court with an agreement to eliminate its roughly $1.65 billion of debt in exchange for ceding ownership to creditors.

International brands have begun sharing prototypes of fashion masks in cotton and blends with Indian suppliers who are awaiting a nod from the Centre to export non-surgical masks.

Omni-channel kids wear retailer Toonz Retail India has announced a partnership with Tariq Albassami Group for entering the Gulf Cooperation Council region.

Concept Group, one of Russia’s leading fashion retailers, creates collections and sells women’s clothing, accessories as well as children’s wear through its own retail stores.

Fashion e-commerce platform Voonik on Monday announced its foray into kids wear segment.

It is alleged that the company and its officials fabricated balance sheets to avail a loan which was not repaid to the bank, they said.

The company, one of the largest in its space, sells just about everything a child and a new mother needs - apparel, footwear, toys, books, feeding & nursing products, soaps, oils, powders, baby monitors, strollers and baby bedding.

E-commerce companies have been permitted to sell all items in Orange and Green Zones starting from Monday, the first day of the third phase of the nationwide lockdown that began on March 25.

The business is split in three verticals, services, products and skilling. The services which include slimming and diet planning is the oldest and most known.

O2 Spa is currently operating 60 centres across 17 cities in the country.

The announcement was made at the L'Oreal Professionnel Indian Hairdressing Awards, held in Bambolim on Wednesday.

Beauty & wellness co expected to spend Rs 100 crore on acquisition, integration and category development of on-demand beauty services startup.

The plan is to launch six such centres in Saudi Arabia in the next 3 years with an estimated investment of over AED (Arab Emirates Dirham) 30 million (around Rs 52 crore).

Khosla’s mandate will be overseeing the firm’s wellness centres, personal care products and its institute of beauty and nutrition, across Middle East, Africa and CIS countries.

The industry will also meet drug controllers to seek and fast-track issuance of required licences and nods. Ethyl alcohol, a key raw material used in a distillery, is also a key ingredient for hand sanitisers. This move comes as the centre has requested state governments to rope in distilleries to make hand sanitisers for the shutdown period till March 31 due to the pandemic.

SJM national co-convenor Ashwani Mahajan tweeted on this issue, tagging Prime Minister Narendra Modi, to flag his concern. . Mahajan had shared screenshots that said Aarogya Setu now brings to you online medical consultations (call and video), home lab tests and e-pharmacy.

The value of the market in India is Rs 4,579 crore at present.

Anytime Fitness further eyes expansion in Tier II and III market.

Eight years after acquiring US rival, Reebok, seems like German sports gear marketer - Adidas has put Reebok on the block.

Hero Cycles plans to set up a fully owned assembly plant in Poland to cater exclusively to Europe, with special emphasis on the UK and Germany.

Yuvraj Singh’s fund YouWeCan Ventures has made its ninth startup investment in just about six months, picking up a minority stake in SportyBeans.

The cricketer will now be seen playing with a bat prominently displaying Ceat in all formats of the game, Ceat said in a statement.

We have more than 25% market share in the Indian golf market, which is pegged at around $11 million.

It has been learnt that the Oregon-based sportswear firm has not renewed contracts with Indian cricketers such as Ajinkya Rahane, R Ashwin and Ravindra Jadeja.

THE brainless idiot scumbags who did this must be caught as soon as and thrown in jail for a very long time (Popular West End restaurant trashed by vandals in overnight raid, Glasgow Times online).

AS someone who has lived in Castlemilk for many years and indeed written to the Glasgow Evening Times (in the past) outlining the very lack of decent shops here, I truly hope that Stefan King’s G1 Group (which has taken over the Braes shopping centre) is committed to its regeneration.

Rockford is getting not just one, but two poets laureate -- an adult and a youth. The adult poet laureate position will be a two-year position, and probably one year long for the youth. Rockford Area Arts Council (RAAC) Executive Director Mary McNamara Bernsten said the committee is still working that out. But, she said, people may start nominating poets next week. To be qualified for the positions, candidates must have lived in Rockford for at least one year. Adult candidates must be at least 18 years old by Oct. 23, 2020. Youth candidates must be aged 13-17 by that same date. McNamara Bernsten said the poets laureate will appear at public functions. She gave examples like Stroll on State, high school and college graduations, and the swearing in of officers in the police and fire departments. "You may be reading poems at ceremonial events," McNamara Bernsten said. "You could at the unveiling of a new building or bridge. You could be at city council meetings or other public meetings."

The East State Street Kmart in Rockford and four Sears stores elsewhere in Illinois have been targeted by Sears Holdings to close in early September. The Kmart store on Sandy Hollow Road in Rockford closed in early April this year. A Kmart store formerly located at Riverside Boulevard and Forest Hills Road closed more than a decade ago and was replaced by a Sears Essentials store, which closed in 2011. While reporting a net loss of $424 million in its quarterly report this morning, Sears Holdings announced it had identified 100 unprofitable stores across the country, “72 of which will begin store closing sales in the near future. ” A list of 15 Kmart stores and 48 Sears stores was posted on the corporate website early this afternoon. The announcement included this statement: “We continue to evaluate our network of stores, which are a critical component in our transformation, and will make further adjustments as needed and as warranted.” It said a small group of stores was pulled from

Tronc. Comedian John Oliver once said that was the sound of a stack of newspapers being thrown into a dumpster. Now, the Chicago Tribune reports its parent company, Tronc, is changing its name back to Tribune Publishing. The Chicago-based company made the announcement Thursday. That ends a two-year run for the often-mocked corporate moniker. The name change becomes official next Tuesday. The company didn’t say what was behind the name change, but recently, its second-largest shareholder said he hoped to convince others to change the name back because “Tronc was a silly name.” The Tribune also says the name change comes at a time when there are potential buyers showing interest in the storied media company. “tronc,” by the way, was intended to be written in all lower-case letters and stood for “Tribune Online Content.”

When you think of passenger air travel in northern Illinois, O'Hare often comes to mind. But Rockford's facility, officially known as Chicago Rockford International Airport, is making a greater name for itself, particularly in the realm of cargo. In 1994, officials with United Parcel Service, better known as UPS, made a deal with airport authorities to set up a sorting hub. Since then, it's become the company's second largest air operation in the world. Earlier this month, airport officials presented the president of UPS Airlines with the Rockford Award. It recognizes businesses that contributed to economic development in the area. UPS Rockford Transportation Director Mike Nepaul says the company made several expansions over the years--which increased the number of packages it can sort. "We're putting a new small sort mezzanine in right now, so that will expand our flow-per hour within the building from 89,000 per hour to over 120,000 an hour," he said. "So that's a big expansion for

Amazon is a leader in online shopping. It has warehouses across the country to sort and deliver its products. Recently, Amazon Air announced it will expand its delivery network into Rockford. Chicago Rockford International Airport is already a major hub for UPS. The airport also has maintenance facilities capable of repairing the world's largest aircraft. But Amazon took particular interest due to the airport's cargo operations. Director Sarah Rhoads says it's part of the retailer's "Middle Mile" network for two-day deliveries. "That package would go from a fulfillment center to one of our 21 air gateways that we have throughout the United States for transport to then another air gateway for downstream transit to a sort center where that package would be sorted for final delivery to your location," she explained. Amazon has been operating at Rockford's airport in some capacity since September 2016. Airport executive director Mike Dunn says they operated under a different corporate name

Pinnacle Logistics and the Chicago Rockford International Airport announced 500 new jobs to support additional cargo flights at the airport. According to a news release, Pinnacle Logistics provides scheduled surface transportation, supply chain management, cargo, aircraft handling and parking services. The release says more positions will be added in coming months. The jobs include entry level positions, leads, supervisors and managers on duty, as well as dockworkers, forklift drivers, and ramp and cargo warehouse handling agents. The available positions are seasonal and permanent. “We knew our cargo growth would produce more jobs in 2019 and this is just the beginning,” said Mike Dunn, executive director at RFD. “We are glad to partner with Pinnacle Logistics and proud that our job creation continues to put us on the map for our exceptional cargo operations.” In July, the airport announced its rank as the 22nd largest airport in the nation for air cargo volume, up from a ranking of 31

The Rockford Area Convention and Visitors Bureau announced Thursday eight new events they call "Big Wins" for the region. Andrea Cook is the associate director of marketing and communication. She said, "'Big Wins' bring big business to the region in a short amount of time." She credited one bowling open and two bowling tournaments for bringing in the most money. "Out of the more than $12.5 million that will come from the eight events, over $10 million of that comes from the three different bowling events we are hosting in 2020 and 2021," said Cook. Other events include The Rock River Tattoo Art Expo , the North American Fastpitch Association, the Illinois Council of Convention & Visitors Bureaus Spring Conference, the Illinois Association Chamber of Commerce Executives Fall Conference, and the Basset Hound Club of America Nationals. Pamela Crawford was there with her husband David Crawford and their two basset hounds, Apple and Ivy. She said, "We are here to promote basset hounds