Latest news with #affordableluxury
Bloomberg
3 days ago
- Business
- Bloomberg
Instagram-Famous Retailer Quince Raises Cash at Over $4.5 Billion Value
Quince, the affordable luxury brand that's gone viral on Instagram and TikTok, is raising about $200 million in a new funding round that values the company at more than $4.5 billion, according to people familiar with the deal. Iconiq, an investment firm that manages the fortunes of Silicon Valley billionaires, is leading the funding round, said the people, who asked not to be identified discussing private information. The new valuation will more than double the company's previous value — signaling strong investor interest in a retailer that's become known for low-priced basics like sweaters and dresses.
Entrepreneur
21-07-2025
- Business
- Entrepreneur
Rooted in Resilience: Shuja Jashanmal on the Two Core Values Behind 106 Years of Jashanmal Group's Success
Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. Across the multitude of malls and shopping complexes the UAE has to offer, the name "Jashanmal Group" has become a familiar sight for many. But while the company has over 150 stores across the UAE, Kuwait, Bahrain, Oman, and India today, its story begins in 1919 in Basra– a port city in the south of Iraq. "Our 106-year-old legacy is rooted in a simple principle: trust is why we exist," says Shuja Jashanmal, the Group's CEO. "From our first store in Basra to today's omnichannel presence, we've consistently brought world-class quality to the region, always at fair prices, never overcharging. That consistency in delivering on our promise is what 'Jashanmal' stands for - trust earned through resilience, quality upheld across generations, and values honored through every evolution. We balance heritage and innovation by embedding these principles in a modern retail setting. True longevity comes from honoring our past while boldly shaping the future." While the retail industry in the UAE and the wider region went through multiple makeovers in the past century, the Jashanmal Group steadily cemented itself as an avenue for affordable luxury. "Our meticulously curated lineup features iconic global brands such as Bally, BOSS, Brooks Brothers, MAX&Co., Reiss and others for the GCC market, emphasizing quality and refined aesthetics," Shuja explains. "Our strategy focuses on exclusivity and experiential retail. Our stores are designed as showrooms where customers engage deeply with products. Luxury gift cards, featuring elegant packaging and flexibility, further elevate the gifting experience. We aim to make luxury attainable while driving trends like sustainable consumption, leveraging our 20+ years of brand partnerships to cement our leadership in this high-growth space." Here, the CEO explains how measured modifications to the Group's operations over the years have allowed the company to not just adapt to changes in the ecosystem but often initiate them. "Jashanmal's core target audience has been Emiratis and Arabs, affluent western and Indian expats," Shuja says. "While their expectations have evolved with the market, our core demographic remains premium-focused consumers. Today's shoppers demand convenience, personalization, and bespoke experiences which has driven the launch of our digital gift cards and curated online assortments. Factors like mobile-centricity and cultural traditions (e.g., Ramadan gifting) have had a huge influence on the market environment. We respond with hyper-localized offerings, such as the exclusive Ramadan collection across our fashion brands, retro refrigerators designed for the Emirati majlis, and more — ensuring we resonate across generations and nationalities in the GCC." Image courtesy Jashanmal Group At the heart of Jashanmal Group's ability to keep up with shifting trends and behaviors is a strategic approach towards consumer insights, explains Shuja. "Our leadership team engages directly with market data, franchise partners, and customers to anticipate shifts," he continues. "For example, by identifying Ramadan gifting trends early, we drove a 50% year-on-year (YoY) uptick in gift card sales. We also align with macro-visionaries like the UAE's Vision 2030, embedding sustainability and digital growth into our strategy. Staying agile and curious ensures we lead rather than follow." A 2024 report by UAE-based investment banking advisory firm Alpen Capital showed that retail sales in the GCC are projected to grow at a compound annual growth rate of 4.6% to reach a whopping US$386.9 billion in 2028. "Moreover, the UAE's retail landscape stands among the world's most dynamic, characterized by rapid digital adoption, experiential consumer expectations, and sustained growth, with sales projected to reach $139 billion by 2028, according to a report by Yardstick Marketing Management," Shuja adds. "At Jashanmal Group, we've thrived in premium segments, primarily fashion, curated home solutions, premium appliances, beauty, and fragrances, with partnerships with notable brands like MAX&Co. and Reiss, that saw over 20% YoY growth during Ramadan." In recent times, perhaps the single most significant shift in the retail industry has been the shift towards e-commerce. Identifying it, and then transforming Jashanmal Group into an omnichannel business turned out to be a game-changer for the company. "Our success is anchored in recognizing pivotal industry shifts early," Shuja reiterates. "The rise of omnichannel retail prompted our strategic launch of in 2020, which now drives consistent double-digit annual growth. Meanwhile our physical stores evolved into experiential showrooms. Managing e-commerce for prestigious brands like Bally and Clarks has significantly broadened our market presence and deepened our connection with discerning customers. This synergy between online and offline lets customers "touch and feel" premium products while enjoying seamless digital perks. This makes omnichannel non-negotiable for modern retail." Image courtesy Jashanmal Group "Similarly, the demand for sustainable luxury and hyper-personalization has aligned perfectly with our expansion into digital gift cards, a category that surged by 50% during Ramadan," Shuja continues. "These trends accelerated our vision to transition from traditional retail to an agile, experience-driven retail leader. By transforming stores into experiential hubs and leveraging cultural moments like Ramadan gifting, we've remained proactive in catering to evolving consumer expectations and continued to deepen our regional relevance and pioneer the future of retail." While it may seem evident that a close watch on the market and consumer insights has led Jashanmal Group to persist and thrive amid the changes that have defined the industry it operates in, Shuja himself credits the Group's success to two simple factors. "The secret to our 106-year longevity lies at the intersection of family legacy and forward-thinking values," he says. "At its core, we operate on a principle instilled by my late grandfather: "Always keep the family together." This unity, maintained through generations despite evolving perspectives, creates the stability that fuels every facet of our business. It fuels our dual commitment to long-term relationships and service excellence, where every action prioritizes enduring impact over short-term gains. This manifests as a culture where succession is earned, not inherited, necessitating leaders to prove their worth. We honor tradition while empowering new generations to innovate. Values such as integrity and adaptability are ingrained in our corporate culture, empowering us to navigate evolving market landscapes, from entering e-commerce to launching our gift card initiative. Family unity, merit-driven evolution, and commitment to excellence will drive our pursuit to remain the retail pioneers in the GCC region for centuries to come." Pantazelos exquisite collection of luxury items expertly crafted in silver available at Jashanmal Store. Image courtesy Jashanmal Group It is because of these values that Shuja explains his aspirations for the future in terms of a timeline that will most certainly extend beyond his tenure as Group CEO. "At Jashanmal, we believe that leadership is merit-based– this mindset has taught me to value agility over hierarchy, customer insights over assumptions, and to empower fresh perspectives," he says. "It is our succession philosophy: the next generation will lead by demonstrating value, ensuring Jashanmal progress without compromising the core values that define us." For the moment, however, Shuja is happy to take on the role of helming the Group's future goals. "Looking forward, we'll strengthen our core retail and distribution while expanding strategic partnerships, bringing iconic luxury brands to the GCC," he declares. "Digital innovation and experiential retail will continue to accelerate. Sustainability will be integral across the value chain, aligning with the spirit of UAE Vision 2030. Ultimately, we're building on our legacy to define the future of modern retail, balancing heritage with relentless pursuit of progress!"
UAE Moments
10-07-2025
- Automotive
- UAE Moments
Best Premium-Looking Cars Under $40K in 2025
Looking for affordable luxury cars 2025 that look and feel premium without breaking the bank? You're not alone. Mid‑20s city dwellers crave sleek design, upscale interiors, and smart tech—all on a budget. In this guide, we'll take you through 11 standout models that deliver the high-end experience at realistic prices, so you can ride in style without splurging. Best Premium-Looking Cars Under $40K Cars that feel fancier than their price tag—without punching holes in your wallet: Mazda3 Grand Touring Starting price: ≈ $30K Sleek exterior with premium LED headlights Leather seats, aluminum trim, and a 360° camera Tech-rich cabin with Bose audio, wireless Apple CarPlay/Android Auto Volkswagen Jetta Starting price: ≈ $21K European-inspired styling with sharp LED DRLs Refined ride with turbo engine, confident handling Feature-rich cabin: digital instruments, safety assists Hyundai Elantra Starting price: ≈ $21K Modern design, clean lines, bold grille Spacious interior with dual screens and HUD Strong warranty & safety tech for peace of mind Under 30K Cars That Look Expensive Affordable doesn't mean cheap. These rides punch above their price: Kia K4 (~$22–24K): Bold dual-screen dash, panoramic sunroof, aggressive styling Toyota Camry Hybrid (~$30K): Hybrid efficiency, leatherette interior, 12.3″ touchscreen, ~51 MPG Subaru Impreza (~$24K): Standard AWD, solid build, upscale feel with optional premium trim According to The Car Connection, new-budget cars now include smartphone-ready features and safety systems—a major upgrade over old basics. Best Affordable Luxury Sedans 2025 Want true luxury on a budget? These sedans deliver entry-level elegance: Compact Luxury Cars Under $35K Luxury mindset meets compact pricing: In 2025, you don't need to empty your bank account for a luxury feel. These affordable luxury cars 2025 deliver on design, comfort, and innovation—all under $45K. Ready to ride in style?
Globe and Mail
04-07-2025
- Business
- Globe and Mail
YFN Jewelry Brings Affordable Luxury to Life with Factory-Direct Gold and Custom Creations
In 2025, the definition of luxury is shifting. Consumers are no longer impressed by sky-high prices or legacy logos — they're looking for meaning, craftsmanship, and transparency. Enter YFN Jewelry, a brand that blends quality materials, thoughtful design, and personal storytelling — all without the luxury markup. As inflation and post-pandemic spending reshape consumer behavior, affordable luxury has become more than a buzzword; it's a demand. And YFN is meeting it head-on with factory-direct pricing, fast customization, and over 10,000 handcrafted jewelry options. Factory-Direct Pricing Without the Middleman Markup Most traditional jewelry retailers operate through multi-tiered supply chains — brands outsource design, manufacturing, and distribution, with each stage adding layers of cost. YFN takes a different approach. As a factory-direct brand, it controls the entire process in-house — from original design and material sourcing to production and fulfillment. This vertical integration allows YFN to price its products significantly lower than comparable offerings on the market. For example: A 14k gold birthstone necklace with custom engraving from a traditional luxury retailer might cost over $500. On YFN, a similar handcrafted version is available for $299 or less, with free personalization included. A 0.5 ct D-VVS1 lab-grown diamond cushion-cut solitaire engagement ring in 14k gold typically retails at $2000–3000 from mall jewelers. YFN offers comparable designs with the same stone quality and finish starting at $900. YFN doesn't cut corners — it cuts out the middlemen. The result is luxury you can see, feel, and afford. Quality Craftsmanship Meets Personal Expression Affordability doesn't mean compromise. YFN uses premium materials — 925 sterling silver, 10K/14K/18K solid gold, and ethically sourced gemstones, including lab-grown diamonds — to ensure each piece meets high standards of durability and brilliance. Every order is handcrafted by experienced artisans, with attention paid to gemstone setting, engraving precision, polishing, and structural finishing. Customization is a key part of the brand's value: customers can engrave names, initials, dates, or choose specific birthstones and symbolic elements to create a truly personal item. Unlike many brands that require weeks for custom orders, YFN completes most personalized jewelry within 7–10 business days — an impressive turnaround well below industry averages. A Vast Selection to Fit Every Style and Occasion YFN offers more than 10,000 products across 500+ themed collections, giving customers access to one of the most diverse and comprehensive jewelry selections available online. From understated classics to deeply personal statement pieces, there's something for everyone. Some of the brand's bestselling series include: Lab-Grown Diamond Engagement Rings – a modern choice for couples seeking ethical, sustainable, and high-quality stones without the traditional price tag. Initial Jewelry – minimalist necklaces and rings engraved with letters or monograms, perfect for gifting or layering. Birthstone Jewelry – meaningful pieces featuring the gem that represents your birth month or that of a loved one, ideal for birthdays, anniversaries, and mother-child keepsakes. Engraving Jewelry – fully personalized items with names, dates, coordinates, or short messages that carry personal significance. This breadth of themes allows YFN to meet both emotional and aesthetic needs—whether you're celebrating a milestone, remembering a loved one, or simply expressing your style. Meeting the Needs of a Value-Conscious Generation Today's consumers — especially Gen Z and millennials — care about where their money goes. They seek transparency, authenticity, and value. In fact, according to Shopify's 2025 consumer trend report, searches for 'affordable gold jewelry' have surged by over 30% year-over-year, while interest in 'custom gifts' has doubled since 2023. YFN Jewelry sits at the intersection of these trends: offering the aesthetic appeal of luxury with the integrity and personalization modern shoppers crave. The brand's direct-to-consumer model, ethical practices, and fast fulfillment create a seamless experience without the pressure or price tag of traditional retail. Luxury, Made for You At its core, YFN's mission is to make premium, personalized jewelry accessible to everyone — no matter the budget, the occasion, or the story behind the piece. Visit to explore their themed collections, experience custom design, and discover what affordable luxury truly looks like — made just for you.
Auto Blog
29-06-2025
- Automotive
- Auto Blog
This Is The Cheapest Audi In America
The cheapest Audi mostly lives up to the brand's high standards With rising car prices not helped by tariffs, many people need to make sacrifices when shopping for new wheels. That could look like buying used instead of new or considering a car from a lower segment than you initially intended. For anyone looking for affordable luxury, the options are particularly scarce, but the cheapest new Audi in America demonstrates that you can still get a premium ride for under $40,000. Let's see what this model is and how it compares to a key BMW rival. Audi reveals sporty new A5/S5 with an emphasis on design Watch More The Cheapest New Audi Is The A3 Sedan Source: Audi Beginning at $38,200, the base A3 Sedan is the most affordable new Audi and one of only a few new Audis that still start at below $40k. This price applies to the Premium 40 TFSI derivative, and the MSRP excludes a destination charge of $1,295. Interestingly, the least expensive Audi just about undercuts the cheapest BMW, which is the 228 Gran Coupe. The BMW starts at $39,600 for the 2026 model year and can be considered a direct rival to the Audi. Both are subcompact four-door models that aim to bring a prestigious badge and upscale feel to a wider audience. But can this cheap Audi still be called a luxury car? Let's find out. Design: More Cohesive Than BMW Rival Unlike its BMW rival, the A3 goes the more traditional sedan route and is not a four-door coupe. It looks very much like a shrunken A4, which is no bad thing. For the 2025 model year, the A3 received mildly revised styling, such as a restyled grille and headlights. The cheapest Audi sedan model looks less awkward than the BMW 2 Series Gran Coupe. Only two colors are standard on the base Audi, those being black and white. Metallic shades will add $595 to the bill and include Navarra Blue, Progressive Red, and District Green. Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. The following exterior features are standard: 17-inch alloy wheels Full LED headlights Panoramic sunroof Heated and power-adjustable mirrors LED taillights with dynamic turn signals For a sportier look, the $1,750 Black Optic Package adds 18-inch bi-color wheels, a sport suspension with a slightly lower ride height, and black exterior trim. Although the standard alloy wheels look a bit small, nothing about the cheapest Audi screams entry-level; it's a classy and neatly styled small sedan. Interior: High-Tech Design But Limited Space Audi interiors have been class-leading for many years, although we're hesitant to say the same of the A3. Yes, you get dual display screens with crisp graphics and a distinctively designed dashboard, but there are just enough harder plastics to remind you that this isn't an A4. The back seat isn't great for tall adults, either, but few sedans of this size can be described as spacious. Not being one of Audi's newest models, there are appreciably still a decent number of hard buttons for key controls, but the odd gear shift controller isn't as easy to use as a normal one. The following features are standard in the base A3: 10.25-inch digital gauge cluster and 10.1-inch touchscreen Six-speaker sound system Wireless Apple CarPlay and Android Auto Three-zone automatic climate control Leather upholstery and heated front seats Leatherette door armrests Lane departure warning High beam assist The cheapest BMW is a little better specified, getting a driver's-seat memory function, parking assist, and a Harmon Kardon sound system as standard. However, the Audi does have an extra zone for the climate control system. The Audi's $1,700 Convenience Package is worth a look for features like adaptive cruise control, driver's seat memory, parking assistance, and wireless phone charging. Performance: Quick Enough, And AWD Comes Standard Source: Audi The 2.0-liter turbocharged four-cylinder engine in the A3 Sedan produces 201 horsepower and 236 lb-ft of torque. This is paired with a seven-speed dual-clutch automatic transmission and standard all-wheel drive. For the 0-60 mph sprint, the Audi needs a claimed six seconds, only a tenth quicker than the base BMW 228 Gran Coupe which has standard front-wheel drive. The more expensive AWD version of the BMW takes 5.8 seconds, so there's not a big enough difference here to decisively pick one car over the other. To drive, the A3 does a good job of matching its larger siblings. Handling is competent and grip is plentiful, while the ride is easily comfortable enough for the daily commute. The spirited turbo-four also has more than enough punch for the A3's light body. Efficiency is fair but not class-leading. The A3 returns 24/34/28 mpg city/highway/combined, whereas its BMW rival with AWD gets 26/38/30 mpg. That difference may only be significant if you do a lot of driving. There's Another Affordable Audi To Consider Source: Audi If you don't want a sedan, the base Audi Q3 crossover isn't much more expensive than the A3. It begins at $39,800 before the destination charge and options, and also has AWD as standard. With 228 hp and 251 lb-ft, the Q3 is more powerful than the A3, but its larger body and greater weight mean it needs 7.1 seconds to reach 60 mph. If you want to have more fun behind the wheel, get the A3, but the Q3 does have a much larger trunk. Bear in mind that Audi has recently revealed an all-new Q3, so it might be worth waiting for that if you're looking for a relatively affordable small Audi. Summary: Audi's Cheapest Car Has Few Flaws Source: Audi Considering its price, there's not much that Audi's cheapest car does wrong. Yes, it's more cramped and isn't built to the same standards as an A4, but other than that, it delivers a driving experience that one would expect from the brand. It's comfortable, refined, and makes the most of not much power. It's also cheaper than its BMW and Mercedes rivals, especially considering the standard quattro AWD system. But perhaps the cheapest Audi's main rivals lie beyond other German subcompacts. Cadillac's CT4 is more powerful and more fun to drive, for instance, while the Acura Integra comes with a satisfying manual gearbox and more features. But if nothing but a German badge will do, the Audi A3 is a solid bet. About the Author Karl Furlong View Profile
