Category: Life & Style

One of the most important and thriving industries driving the global economy is lifestyle. It stands as a key contributor, with its consumption in the top 8 economies comprising around 70% of global consumption. Developing economies, especially India and China, are the major growth drivers of the global lifestyle market. This market is notable for haute couture, where expensive clothing brands stand out from mass-produced lines.

(in million U.S dollars)

Following are the World’s Most Valuable Lifestyle Brands:

1) Nike – United States – (USD 31,307)

Origin: The United States

Value: $31.3 billion

Key Strengths: Strong Brand Awareness and Brand Value, Huge Customer base, Iconic Relationships, Low Manufacturing Cost

Fun Facts: The Nike Swoosh Was Designed for $35 in 1971 and Revenues from “Men’s Training” are nearly double that of “Women’s Training”

2) Louis Vuitton – France ($26,290M)

Origin: France

Value: $26.3 billion

Key Strengths: Strong Retail Presence, Focus on Quality and Craftsmanship, Innovation, Diverse Product Offerings

Fun Facts: luxury fashion house Louis Vuitton never puts its products on sale and the famous LV monogram came after Louis Vuitton’s death.

3) Chanel – France ($19,386M)

Origin: France

Value: $19.4 billion

Key Strengths: Production Quality, Loyal Customer Base, Strong Brand Image, Controlled Distribution Channels

Fun Facts: Chanel has its own vineyard and also sponsors the prestigious French Open tennis tournament.

4) Gucci – Italy ($17,839M)

Origin: Italy

Value: $17.8 billion

Key Strengths: Brand heritage and recognition, Global presence, Collaborations and partnerships

Fun Facts: Guccio Gucci was an elevator operator in the swanky Savoy Hotel situated in London and the first items manufactured by Gucci include detachable leather bags for saddles.

5) Adidas – Germany ($15,660M)

Origin: Germany

Value: $15.7 billion

Key Strengths: brand value, innovation, diversified product portfolio, strategic partnership and endorsements, global presence

Fun Facts: The Trefoil logo of the brand was first introduced in the Munich Olympics in 1972. The brand wasn’t originally known as Adidas, but was started under the name Gebrüder Dassler Schuhfabrik in 1924.

6) Hermès – France ($14,165M)

Origin: France

Value: $14.2 billion

Key Strengths: Large network, diverse portfolio, top designers

Fun Facts: Hermes was the first company to use the zipper for leather goods and clothing in France.

7) Dior – France ($13,152M)

Origin: France

Value: $13.2 billion

Key Strengths: Timeless Elegance and Couture Craftsmanship, Iconic Designs and Symbols, Global Presence and Market Penetration, Strategic Marketing and Branding

Fun Facts: The Dior family ran a successful fertilizer business. Christian Ernest Dior, known for creating namesake fashion brand opened his first business as an art gallery.

8) Cartier – France ($12,538M)

Origin: France

Value: $12.5 billion

Key Strengths: Lasting legacy, global outreach, maintaining status quo. 

Fun Fact: Louis Cartier was the first jewelry designer to popularize the wristwatch for men.

9) Zara – Spain ($11,049M)

Origin: Spain

Value: $11 billion

Key Strengths: Fast and efficient production, affordable prices, visual merchandising

Fun Facts: Zara was originally named Zorba and currently it has 2000 stores in 94 countries!

10) Rolex – Switzerland ($10,711M)

Origin: Switzerland

Value: $10.7 billion

Key Strengths: Product quality and innovation, Vertical integration, and Timeless design

Fun Facts: All of Rolex’s watches are handmade and uses the most expensive stainless steel in the world, also known as 904L.

Source:

Doo Finders: https://www.doofinder.com/en/statistics/top-clothing-brands 

Statista: https://www.statista.com/statistics/1207840/top-apparel-clothes-brands-worldwide/

Prime Minister Narendra Modi, alongside Union Petroleum Minister Hardeep Singh Puri, Chief Minister Pramod Sawant, Goa Governor Shreedharan Pillai, and ONGC officials, inaugurated the integrated ONGC Sea Survival Training Centre at Betul. Situated at the expansive ONGC Goa campus of IPSHEM, the centre is India’s deepest training facility, offering lifelike simulations for personnel to evacuate a helicopter cabin in crash scenarios. It is expected to train 10,000–15,000 people personally annually.

Featuring the country’s deepest pool, the facility replicates challenging conditions like mist, waves, darkness, and rain with eight types of waves up to two metres high. Its world-class faculty provides classroom sessions and practical, in-water training with one trainer per individual.

A standout feature is the full-scale simulation of a helicopter cabin submerging into the pool, imitating crash scenarios. Trainees learn to swiftly disengage harnesses, overcome shock, and resurface within minutes.

The Sea Survival Centre, initially designed for ONGC’s safety needs, is open to entities like the Navy, merchant carriers, Coast Guard, OMCs, and international participants. With over 10,000 offshore ONGC personnel, the centre mitigates the risks associated with helicopter travel, ensuring readiness for potential sea crashes.

On Tuesday, the European Commission is set to unveil its recommendation, advocating for a substantial reduction in the EU’s net greenhouse gas emissions by 90% before 2040. As the EU elections approach, this proposed target emphasises the importance of sustaining Europe’s vigorous fight against climate change.

The Commission’s plan has been strongly endorsed in early drafts, with a 90% reduction objective compared to 1990 levels. The EU’s 2040 aim is a crucial step towards its ultimate goal of reaching net zero emissions by 2050, which will end Europe’s contribution to global climate change and bridge the gap between the organisation’s current 2030 climate goal.

Formed amidst widespread protests by farmers throughout the continent and against particular environmental laws imposed by the EU, the EU’s policy emphasises how important it is to maintain popular support and safeguard European industry.

According to a draft of the EU plan, there will be a concerted effort to address the necessary conditions for businesses and citizens to successfully navigate the transition. With China’s green technology sector fiercely competing with traditional industries, Europe’s climate agenda faces a complicated political landscape.

Shankar Mahadevan and Zakir Hussain, along with their band Shakti, clinched the prestigious Best Global Music Album award for ‘This Moment’ at the 2024 Grammys. This win marked a significant victory for India on the international stage. Comprising guitarist John McLaughlin, percussionist V Selvaganesh, and violinist Ganesh Rajagopalan, Shakti’s fusion of talent and innovation propelled them to the forefront of global music recognition.

Released on June 30 of the previous year, ‘This Moment’ is an album that consists of eight mesmerising tracks created by McLaughlin, Hussain, Mahadevan, Selvaganesh, and Rajagopalan. It captivated audiences worldwide with its enchanting melodies and dynamic rhythms.

As the 66th Annual Grammy Awards unfolded in the vibrant city of Los Angeles, Shakti’s resounding victory illuminated the richness and diversity of India’s musical heritage on a global scale. Shakti’s win highlighted their extraordinary musical talent among artists like Susana Baca, Bokante, Burna Boy, and Davido.

During his acceptance speech, Mahadevan extended gratitude to his fellow band members, expressing appreciation for their collective effort. He also acknowledged the unwavering support of his family, friends, and India, eliciting resounding cheers from the audience. Additionally, he dedicated the award to his wife, recognising her as a steadfast source of inspiration throughout his musical journey.

Prof. Biman Prasad, the Deputy Prime Minister of Fiji of Indian origin, is set to make history by becoming the first foreign leader to visit Ayodhya’s Ram Mandir following the ‘Pran Pratishtha’ ceremony held at the temple last month. His visit, scheduled for February 8, marks a significant milestone in diplomatic relations between Fiji and India.

Paramita Tripathi, JS Indo-Pacific, at the Ministry of External Affairs, welcomed him warmly upon his arrival in Delhi on Sunday. Prof. Prasad’s itinerary includes meetings with various Indian ministers during his week-long stay in India from February 4 to 10.

Besides being the Deputy Prime Minister, Prof. Prasad also holds key portfolios, including those of the Minister of Finance, Strategic Planning, National Development, and Statistics for Fiji. During his visit, he is scheduled to visit New Delhi, Goa, and Gujarat, where he is slated to meet with the Minister of State for External Affairs and Education, Rajkumar Ranjan Singh, and EAM, S Jaishankar.

Notably, this isn’t Prof. Prasad’s first visit to India; he previously attended a high-level ministerial session in February 2023, focusing on ‘Strategies for a Sustainable and Decarbonised Future.’ During these discussions, he emphasised the urgent need for global action on decarbonisation, particularly highlighting its profound impact on small developing island nations like Fiji.

Senior BJP leader Lal Krishna Advani will be honoured with India’s highest civilian award, the Bharat Ratna, becoming its 50th recipient and the 7th during the Modi government.

PM Modi tweeted, “I am pleased to share that Shri LK Advani Ji will be conferred the Bharat Ratna. His contributions to India’s development are monumental. From grassroots activism to serving as Deputy Prime Minister, his journey exemplifies dedication. He notably served as Home Minister and I&B Minister, with profound insights in Parliament.”

Advani, a key figure in Atal Bihari Vajpayee’s government, held various ministerial positions and was a member of both Houses of Parliament from 1970 to 2019.

Born on November 8, 1927, in Karachi, Pakistan, Advani has held the position of BJP President since 1980. He served as Home Minister and Deputy Prime Minister under Vajpayee’s leadership (1999–2004), concluding a nearly three-decade parliamentary tenure.

Despite enduring India’s partition tragedy in 1947, Advani’s commitment to a more secular India remained unwavering. As an RSS pracharak, he pursued this vision diligently, particularly in Rajasthan.

Last month, former Bihar Chief Minister Karpoori Thakur was posthumously awarded the Bharat Ratna, 35 years after his demise.

France has emerged as the first European nation to embrace digital transactions from India. Recently, India unveiled its Unified Payments Interface (UPI) at the iconic Eiffel Tower in Paris, marking a significant milestone. Indian tourists visiting the Eiffel Tower can seamlessly purchase tickets using UPI by simply scanning a QR code on the tower’s official website.

The Indian Embassy in France proudly announced the formal launch of UPI during the grand Republic Day Reception at the Eiffel Tower, echoing Prime Minister Modi’s vision of globalising UPI. In 2016, the National Payments Corporation of India (NPCI) established a UPI as an instant payment system. UPI revolutionised banking by consolidating multiple bank accounts into a single mobile application, facilitating effortless fund transfers and commercial payments.

NPCI’s subsidiary, NPCI International Payments (NIPL), collaborated with Lyra, a distinguished French e-commerce and proximity payments provider, to ensure the widespread acceptance of UPI in France.

India is home to the second-largest group of foreign visitors to the Eiffel Tower. With ambitious plans to extend this service to various merchants in the retail and tourism sectors across France and Europe, the Eiffel Tower emerges as the trailblazer, setting the precedent as the first establishment in France to embrace UPI payments.

Indians now have the opportunity to explore 62 countries without the need for a visa. This development is particularly exciting for globetrotters, as Indian passport holders can now travel to destinations such as the Maldives, Oman, Qatar, Zimbabwe, and Jamaica without undergoing the often arduous visa application process. This increased accessibility to global travel reflects India’s growing influence on the world stage.

The recent release of the Henley Passport Index 2024 (HPI) underscores India’s evolving passport landscape, with its global rank reaching 80th place. The HPI, a widely used tool for comparing and ranking passports worldwide, relies on data from the International Air Transport Association (IATA) to generate its rankings.

Six countries—France, Germany, Italy, Japan, Singapore, and Spain—share this year’s coveted title of having the most powerful visa in the world. Passport holders from these countries enjoy visa-free entry into 194 other nations. The United States of America follows closely in seventh place, with visa-free access to 188 countries.

Conversely, Afghanistan finds itself at the bottom of the list, with only 28 nations granting visa-free entry, while Syria closely trails with access to 29 nations. Iraq and Pakistan round out the list with 31 and 34 visa-free destinations, respectively.

On Wednesday, Sri Lanka’s lawmakers passed a bill to regulate online content. The move has sparked fears among opposition politicians and activities of free speech crackdowns.

With 108-62 votes in favour, the Online Safety Bill was passed. Its objectives are to “prevent the use of online accounts and inauthentic online accounts for prohibited purposes” and “make provisions to prohibit online communication of certain statements of fact in Sri Lanka.”

The bill also calls for the establishment of an “Online Safety Commission,” a five-person committee that the president will appoint, whose responsibility it will be to “direct all persons who communicate prohibited statements under this Act to stop communicating any such statements.”

The Sri Lankan government asserts that the proposed bill aims to safeguard citizens from online harassment. However, human rights groups have raised doubts about this assertion, contending that the bill is designed to stifle dissent and criticism.

Meenakshi Ganguly, Deputy Asia Director at Human Rights Watch, stated, “Sri Lanka continues to grapple with an economic crisis exacerbated by government actions and a lack of accountability. In 2022, prolonged protests calling for reform led to the removal of the Prime Minister and President. Since assuming power in that year, President Wickremesinghe has taken steps to suppress dissent.”

In a bid to combat the ongoing cholera crisis, Zimbabwe initiated a door-to-door vaccination campaign on Monday, aiming to immunize more than 2 million individuals. The initiative is particularly crucial in densely populated urban areas with inadequate sanitation facilities.

As of January 24, the waterborne disease has claimed 452 lives and infected a total of 20,446 people in the southern African nation. Zimbabwe has been grappling with the cholera outbreak since February of the preceding year, with reports indicating that half of the cases involve children, according to the health ministry.

The country has secured 2.3 million vaccine doses from UNICEF, with 892,000 doses already dispatched. The vaccination effort relies on the Euvichol-Plus vaccine, manufactured by EuBiologics (206650.KQ). Administered orally, this vaccine provides at least six months of protection against cholera infections.

Furthermore, the World Health Organization (WHO) will deploy teams to 29 severely affected districts to support the vaccination campaign.

In response to the surge in cases, the Zimbabwean government implemented measures in November to restrict public gatherings, regulate food vendors, and manage burials in cholera-affected districts. Health Minister Douglas Mombeshora confirmed that the vaccines procured are the same ones used during the cholera outbreaks in 2018 and 2020.