Where Wealthy Chinese Tourists Will Shop Next

Amina Muaddi's Next Steps; The New Shape of the Swiss Watch Sector

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WHAT YOU NEED TO KNOW TODAY: WEDNESDAY, APRIL 19, 2023 Luxury brands can expect an uplift from Chinese tourists in high-octane destinations like Dubai, Singapore and Australia's Gold Coast. Shoe designer Amina Muaddi is working to strengthen and scale her business, starting with a shop-in-shop at Harrods. In the Swiss watch sector, revenues are up but volumes are down, creating new opportunities and threats. A Uniqlo bag was fashion's hottest product in the first quarter according to Lyst, a rare feat for a non-luxury brand. Brunello Cucinelli's sales rose 33 percent in the first quarter, driven by strong growth in the Americas.

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CHINA Wealthy Chinese Flock to High-Octane Shopping Hubs By Tiffany Ap

Luxury brands could see an uplift in destinations like Dubai, Singapore and Australia's Gold Coast as China's second outbound tourism wave gets underway. READ MORE

LUXURY Can Amina Muaddi Build an Enduring Business Off Her Sell-Out Shoes' Hype? By Tamison O'Connor

The brand is opening a permanent shop at Harrods, testing the physical retail waters with an eye to opening a stand-alone store. It's just one part of a larger strategy to gear the self-funded label up for its next stage of growth, the designer said. READ MORE

LUXURY Higher Values, Lower Volumes: The New Shape of the Watch Sector By Robin Swithinbank

In luxury watches, revenues are up but volumes are down, creating new winners, losers, opportunities and threats, writes Robin Swithinbank. READ MORE

Uniqlo's $20 Shoulder Bag Tops Lyst Index of Fashion's Hottest Products READ MORE

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NEWS BRIEFS Cucinelli Posts 33% Rise in Q1 Sales, Confirms 2023 Revenue Growth Forecast Push for Faster Fashion Squeezes European Manufacturers

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Nokia partners with Lightstorm to upgrade digital infrastructure in India

    

 

 

Press Release

Nokia partners with Lightstorm to upgrade digital infrastructure in India

•  Lightstorm will use Nokia's C+L Wavelength Division Multiplexing (WDM) optical network products to boost network capacity in the Eastern and Northern regions of India.  

 

19 April 2023

New Delhi, India – Nokia today announced that it has entered into a partnership with Lightstorm, in India, to supply the latest WDM optical network solutions for Lightstorm's network expansion into the Eastern and Northern regions of India. The deal includes integration and consulting services to assist Lightstorm in deploying Nokia's latest C+L band WDM optical line system solutions, which also enables protection features to ensure network resiliency in the event of multiple fiber cuts. Recently Lightstorm completed the coverage enhancement.       

 

Lightstorm is an innovative provider of carrier-neutral digital infrastructure to enterprise customers. Their SmartNet long-haul route in India offers a next generation network architecture for enterprise customers with reduced latency, 100% uptime and full end-to-end control and management capabilities.

 

Lightstorm is extending its existing partnership with Nokia as it expands coverage east and north across large swathes of India. The extended network uses Nokia's 1830 Photonic Service Switch (PSS) optical transport platform and incorporates its fifth-generation coherent optic chipset (PSE-V) to expand total capacity to multi terabytes. The significant boost will help Lightstorm to offer added capacity for its existing customers and also onboard new customers with a significantly higher baseline of services and benefits. 1830 is future proofed for Nokia's sixth generation PSE-6 when capacity demands further increase. 

 

Vinish Bawa, Head of Enterprise, Webscale & Emerging business, India at Nokia, said: "Nokia's DWDM products offer high capacity and automation to enable cutting-edge digital services for enterprise customers across India. Our partnership with Lightstorm showcases our industry-leading portfolio in optical networking which will be integral to the Digital India vision." 

 

Rajiv Nayyar, Chief Operating Officer at Lightstorm, said: "Our partnership with Nokia will help us achieve our goals of rapid network route expansion with the benefit of added capacity. The expanded coverage will help Lightstorm cater to our customers' increasing demand and help drive the Digital India vision."

 

Resources and additional information

Website: Wavelength Routing

Website: 1830 Versatile WDM module (VWM) Portfolio

Article: The disruptive newcomer: How Amajit Gupta is reshaping the fabric of telecoms by introducing a unique carrier-neutral infrastructure platform

 

About Nokia

At Nokia, we create technology that helps the world act together.

 

As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs. 

 

Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

 

Media inquiries

Nokia Communications, Corporate

Email: Press.Services@nokia.com

 

Nokia Communications, India

Email: deep.ghatak@nokia.com

 

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