Italy‘s Armani Group on Wednesday expressed confidence in “a positive solution” after the country’s competition watchdog said it was probing the luxury group for allegedly misleading consumers over its social commitment and craftsmanship.
The antitrust authority’s investigation follows a probe by Milan prosecutors into suppliers of the Armani Group which are accused of having exploited workers to produce handbags for the fashion brand.
“The companies involved are fully committed to co-operate with the authorities, believe that the allegations have no merit and are confident of a positive result following the investigation,” the group said in a statement.
Hyderabad, now a luxury hub, has 87 names on the 2023 Hurun Rich list, attracting brands like Sabyasachi Mukherjee and Rahul Mishra. Radisson Collection and Hansgrohe India expand here. Q1 2024 saw a 28% upscale growth. Fashion sales rise, notes Malvika Poddar. Banjara Hills welcomes VRK by Khanna Jewellers. Anas Rahman Junaid and Nikhil Sharma highlight the market’s potential.
“Our partnership with Apparel Group is a strategic move for us as we continue to expand our business in India. We are confident that this collaboration will enable us to leverage their strategic network and commitment to experiential opportunities,” stated Sumit Dhingra, VP and General Manager- India, Middle East and Africa, Crocs.
This post was originally published on this site be sure to check out more of their content.
