Featured

COVID-19: After August 5, what’s allowed and not allowed in Pune and Mumbai

Published

5 months ago

August 5, 2020

It’s been a while since life in Mumbai and Pune was locked indoors. However, considering a fall in COVID-19 cases, Maharastra government has issued a number of relaxations amidst the extended lockdown that’d be continued till August 31. Here is a list of what’s been allowed and not allowed during this lockdown. Read below…

What is Allowed?

Malls and complexes will be opened and operational between 9am and 7pm from 5 August. Although, areas of concerned gatherings like, theatres, food courts and restaurants in these complexes will remain shut.
Food courts and restaurants in malls are allowed only for home delivery.
Non-team outdoor sports like golf, firing ranges for practises, gymnastics, tennis, badminton will be allowed with social distancing and sanitation measures.
Rules and guidelines for private-public transports have been issued. Cab- 3 passengers, auto-rickshaws-2 passengers, four-wheelers- 1+3 and two-wheelers- 2 passengers are allowed but only for essential practises.
Shops catering only essential supplies can stay open from 9am to 7pm.
Non-essential markets and shops can function between 9am and 7pm.
E-commerce deliveries (essential/ non-essential) can continue.
Inter-district travel within the Mumbai Metropolitan Region is allowed for essential services and travel for offices.

What is not allowed?

Gyms and fitness centres will remain shut.
Swimming pools will remain inaccessible.
Stepping outdoors for non-essential practises like shopping and outdoor exercises are not allowed, with or without masks.
Long-distance travelling for non-essential reasons is still not allowed. One needs to have an e-pass to do so.
A night curfew will be practised 10pm to 5am.

Fashion

LVMH-Tiffany, Kering-Moncler: What’s the Deal?

Published

1 year ago

December 9, 2019

ShrishtyM

Speculations are rife about the acquisition of Italian ski wear maker, Moncler SpA by Gucci’s parent company Kering. This comes as a jibe after LVMH recently acquired American luxury jewellery retailer Tiffany’s in a $16.2 billion deal.

For the uninitiated, in 2001 LVMH Chief Executive Officer Bernard Arnault was beaten by Kering founder Francois Pinault for control of Gucci. Since then, both the giants have made many deals and acquisitions to have a greater market share, shaping the face of the luxury market around the globe.

Look closely, each pair of eyewear, clothing, watches you own are somewhere adding to the riches of these two men.

In its kitty,Kering has Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney just to name a few. Whereas Arnault’s LVMH has Bulgari, Celine, Christian Dior, Fenty Beauty by Rihanna, Givenchy and more.

On one ground 70-year-old Arnault, has a clear lead, he is the richest person in Europe with a $101.8 billion fortune. But the race is to have a bigger and better portfolio than the other brand. According to data compiled by Bloomberg, Kering has announced at least $14.7 billion of acquisitions since 1995, compared with at least $45.5 billion for LVMH.

LVMH is THE luxury giant in Europe with a market value of more than 200 billion euros compared to its counterpart with 68 billion euros worth market share and an ever-growing Gucci under its belt.Gucci provided more than three-quarters of its operating profit in the first half of the year making Kering increasingly dependent on its profit and signalling that the brand needs to be more diversified.

Hence eyeing Moncler – not only to keep pace with its rival but also for Moncler’s steadily growing market value since the past decade.