French company Kering has committed to a 40% reduction in emissions by 2035.

Kering, a French luxury goods company, has pledged to cut its absolute greenhouse gas emissions by 40 percent by 2035, relative to a base year of 2021. To mark the sixth anniversary of the group's 'Crafting Tomorrow's Luxury' strategy, Kering has announced a new goal spanning scop...

LOTTE ON STRIKES GOLD IN ONLINE LUXURY GOODS AND HOME APPLIANCES SALE

• For over half a year, Lotte Shopping's most touted online mall Lotte On was not able to prove its mettle against major e-commerce firms like Coupang and eBay Korea.
• Lotte Shopping started its online business too late in April and it failed to offer any spectacular services ...

Are markets not favorable for luxury goods?

India may be the world's most diverse and biggest market but the luxury spending in its markets is far less. This may be due to the import duties levied on luxury products is huge in India especially on imported luxury cars and bikes.

In India, the on-road prices of super-luxury car...