By Sally Shin, CNBC.com
Move aside New York, Paris, and London. India may be quickly rising to fashion's front row.
This week, India opened its doors to foreign retailers in a move that is expected to open the floodgates to western brands entering the skyrocketing Indian market.
A Gucci Group store at the DLF Emporio luxury shopping center in New Delhi, India.Unlike in the past, overseas retailers will now be allowed foreign ownership in India at a 51 percent rate for multi-brand retailers like Wal-Mart Stores and Tesco and at 100 percent for retailers with a single brand. This is a first for the large retail chains like Wal-Mart and Tesco, who are welcoming the flexible business models.
Stores like Salvatore Ferragamo and LVMH's Louis Vuitton have been inching into the vast Indian fashion market for some time. But until now, most of these stores have been found in five-star hotels or in one of the only two luxury malls DLF's Emporio in New Delhi and Bangalore. In the past, these single-brand retailers have had partnerships with different joint ventures with 51
Blog Posts by CNBC
By Sally Shin, CNBC.comRead More »from India is Poised to Be Fashion's New Muse
By Daniel Bukszpan, CNBC.comRead More »from Banned Luxury Goods
Banned Luxury Goods
In November 2011, West Hollywood, Calif., became the first city in the U.S. to ban the sale of clothing made of animal fur. The ban goes into effect in 2013 , and animal rights activists are hopeful that it will lead other cities to adopt similar measures and, ultimately, end the practice of using animal fur entirely.
See the Full Slideshow: Banned Luxury Goods
If history is any indication, even an all-out nationwide ban on animal fur is unlikely to squelch demand. Rather, the likelihood is that it would simply create a black market for such items. After all, many luxury goods have existed for centuries and enjoyed widespread popularity despite official bans, and stiff penalties and long prison sentences for those found trafficking in or purchasing such goods. Clothing with animal fur has always had an image of luxury and sophistication for those who wear it, and banning it would likely do little to change that.
What are some in-demand
Read More »from World's Best Places to Live 2011
World's Best Places to Live
The world's biggest and most important cities aren't often the best places in which to live. High levels of crime, traffic congestion, and long commutes can worsen the quality of life. So which are the best cities to live in the world?
We've put together a list of the world's 15 best cities, according to human resources consulting firm Mercer's 2011 quality of living survey. The annual report looks at living conditions in 221 cities worldwide and ranks them against New York as a base city in 10 categories such as economy, socio-cultural environment, politics, education, and the health sector.
See the Slideshow: World's Best Places to Live
This year the survey also identified cities with the highest personal safety rankings based on crime levels, law enforcement, international relations, and stability.
Cities in some of the world's biggest economies, including the U.S., Japan, and Britain, missed the cut. So, which cities made the list?
Vienna, Austria1. Vienna,
By Paul Toscano, CNBC.comRead More »from 5 Undefeated Eating Challenges
America's Unbeaten Food Challenges
For many people, the word eating challenge evokes the iconic scene in the movie "The Great Outdoors,"when John Candy tackles "The Old 96er" to the chagrin of his digestive tract. More recently, the Travel Channel's "Man vs. Food" show has popularized eating challenges, which have increasingly become a strategy for restaurants across the country to make a name for themselves, draw in new customers, and simply have fun.
For those testing their fortitude through eating challenges, clearing a plate of outrageously large or spicy meals will often win them a T-shirt, their photo on the wall, and dinner on the house. There are some challenges, however, that push the limits of consumption and no individual has yet to cross the proverbial finish line.
So, which eating challenges remain undefeated? See the full slideshow.
'That Burger' Challenge
Restaurant: That Bar
Location: Danville, California
A massive, undefeated burger
By Christina Cheddar Berk, CNBC.com
Thanksgiving Prices on the Rise
Please pass the peas - and the wallet - Thanksgiving dinner will cost quite a bit more this year.
According to the American Farm Bureau Federation's survey, turkey dinner and all the fixings will cost about $49.20, or about 13 percent more than it did last year.
That's the biggest increase in years. Blame the recent boom in crop and livestock prices, which pushed up the cost of nearly every item on the Thanksgiving shopping list.
Prices for commodities have risen due to poor weather, which shrank the size of U.S. crops, and retailers are being more aggressive about passing those costs along to consumers.
Click ahead to see how the costs break down per item. All costs are based on the prices collected by 141 volunteer shoppers in 35 states, who are asked by the AFBF to hunt for the least expensive prices, but not take advantage of promotional coupons or other purchase deals.
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Read More »from The Cost of Thanksgiving Dinner
By Constance Parten, CNBC.comRead More »from Most Anticipated Theme Park Rides
2012's Most Anticipated Rides
If you love theme park rides, especially roller coasters, get your travel bags packed, because 2012 looks to be a blockbuster year for thrill seekers in North America. From one of the tallest and fastest roller coasters in the world, to what is being dubbed as America's first "winged" coaster, the offerings on tap are some of the most exciting in recent years.
See the full list of the Most Anticipated Theme Park Rides of 2012.
One of the biggest and tallest roller coasters in the world, Leviathan will dominate the park's landscape. Leviathan is Wonderland's 16th coaster.
Opening: May 2012
Ride Manufacturer: Bollinger & Mabillard
Track Length: 5,486 feet
Lift Height: 306 feet
Angle of Descent: 80 degrees
First Drop Speed: 92 mph Ride
Duration: 3 minutes, 28 seconds
Total Investment: $28 million
Wild EagleWild Eagle
Wild Eagle, which is being dubbed the
By Daniel Bukszpan, CNBC.comRead More »from May-December Celebrity Divorces
May-December Celebrity Divorces
On Nov. 17, 2011, after six years of marriage, celebrity couple Demi Moore and Ashton Kutcher filed for divorce . The pair had made headlines when they first emerged as a couple, and very few of those headlines ran without pointing out the 16-year age difference between the two of them.
The age gap between Moore and Kutcher made their union a classic May-December romance, and the list of celebrities who have engaged in such unions is long. Almost as long, however, is the list of such couples who couldn't keep their marriages together. Divorces lawyers have full coffers thanks to the dissolution of such May-December celebrity unions, particularly when there was no pre-nuptial agreement in place.
What are some notable May-December celebrity divorces?
Ashton & DemiDemi Moore & Ashton Kutcher
When actors Demi Moore and Bruce Willis divorced in 2000 after 13 years of marriage, people were shocked. The only thing more shocking was when it
By Kirsten Chang, CNBC.comRead More »from Holiday Gifts that Last All Year
The holidays are a great time to show your loved ones how much you care, but why limit these sentiments to once a year? Instead, you can send them love all year round by purchasing gift-of-the-month specials from retailers such as J. Crew and Jacques Torres.
To join these clubs, there is no secret password or embarrassing initiation process, but be warned: You may have to splurge a little.
Full slideshow: Best Year-round Gifts
Shoe of the MonthShoe of the Month
Company: J. Crew
Price: $1,800 (one year)
For the chic city dwellers addicted to fine footwear, J. Crew's secretive Shoe of the Month Club is guaranteed to deliver stylish new thrills each month. With a choice of heels, flats, or a combination of both, recipients will enjoy products specially selected by the store's in-house designers.
Chocolate of the MonthChocolate of the Month
Company: Jacques Torres
Price: $145 (three months); $284 (six months); $540 (12 months)
Indulge in a brand new batch of
By Christina Cheddar Berk, CNBC.comRead More »from Heels Head Lower, is the Economy Heading Higher?
What do shoes say about the economy? Perhaps a lot.
Christian LouboutinIn the 1920s, low-heeled flapper shoes gave way to high-heel pumps and platforms during the Great Depression.
In the 1970s oil crisis, platforms came back en vogue as the low-heeled sandals of the late 1960s were cast aside.
In the 1990s, the low, thick heels of the "grunge" period were replaced by "Sex and the City"-inspired stilettos just as the dot-com bubble burst.
"Usually, in an economic downturn, heels go up and stay up - as consumers turn to a more flamboyant fashions as a means of fantasy and escape," says Trevor Davis, a consumer product expert with International Business Machines' Global Business Services unit, in a press release.
IBM conducted a study of social media posts and is predicting that women's heel heights, which are currently in nosebleed territory, are poised to come back down to Earth.
Perhaps the shift signals a change in the economic outlook, or maybe it's a sign of
By Julia Boorstin, CNBC.comRead More »from 'Twilight' Mania: Twilight-Branded Products
Twilight CastTeenage girls just can't get enough vampire melodrama. The fourth and second to last movie in the 'Twilight' series opens Friday, and it's already getting throngs of obsessive "twi-hards" to open their wallets.
By early this week the film had sold out more than 2,500 screenings, many of those midnight screenings.
It'll be playing late tonight at 3,250 locations - screenings many fans plan to attend in attire befitting the wedding the characters 'Bella' and 'Edward' have in the film.
The question is whether the film can top the record for midnight screenings set by 'Harry Potter and the Deathly Hallows: Part 2,' set this summer.
"The Twilight Saga: Breaking Dawn - Part 1," has a very good chance of setting records.
It's projected to gross as much as $140 million in the US this weekend, making it only the second film this year to top $100 million in its first weekend.
At the high end, some estimates are as much as $155 million. With the film expanding to