Jimmy Choo

Not-so-haute luxury retail fails to hook India's elite

An economy growing at nearly 9 percent has spawned more than 200,000 millionaires. But expensive luxury goods are still to find takers. The reasons range from steep import duties to inadequate infrastructure to regulatory hurdles.

Stepping up: Luxury shoe brand Jimmy Choo could go public to raise over $1.14 bn

The IPO, which could value Jimmy Choo at more than 700 million pounds ($1.14 billion), will be the first in the luxury sector since Moncler's successful flotation in Milan last year