Jeweller to the stars Mouawad eyes Asian rollout

In this article (5)
Dubai- and Geneva-headquartered Mouawad Group – dubbed jewelers to the stars – is planning to open stores across Asia.
Pascal Mouawad, co-guardian of the retail division, told Arabian Business in an interview that the company will begin expanding in Asia Pacific next year and roll out stores across a subsequent decade.
“We have a strategy of continuing our expansion in different markets, specifically Asia Pacific; that’s our target for the next decade, so China, Hong Kong, Singapore, Indonesia and Malaysia. We want to expand our distribution network in that part of the world,” he said.
The company is also planning to feature in several exhibitions in Asia before stores start to open next year.
“This year is the year of exhibitions in the Asian market and hopefully next year we’ll be rolling out boutiques in that part of the world while keeping a good presence here in the Gulf countries,” he said.
The 130-year-old company is run by three brothers of the fourth generation of the family which founded the business. It is known for selling jewelry, watches and artworks to clients, including A-list celebrities.
Questions & Answers
Q.Which specific countries in Asia will Mouawad Group be targeting for its expansion plans?
Which specific countries in Asia will Mouawad Group be targeting for its expansion plans?
The company has identified China, Hong Kong, Singapore, Indonesia, and Malaysia as the key markets for its expansion strategy. These countries will be the focus for increasing their distribution network in Asia Pacific.
Q.How long does Mouawad Group expect its expansion into Asia to take?
How long does Mouawad Group expect its expansion into Asia to take?
Mouawad Group plans to roll out stores across Asia over the subsequent decade, starting next year. This long-term strategy aims to establish a significant presence in the region.
Q.What is the company's approach to establishing a presence in Asia before opening physical stores?
What is the company's approach to establishing a presence in Asia before opening physical stores?
Before opening stores next year, Mouawad Group intends to feature in several exhibitions across the Asian market this year. This approach aims to introduce their brand and products to the region.
Q.Who is currently managing the Mouawad Group and its retail operations?
Who is currently managing the Mouawad Group and its retail operations?
The 130-year-old family business is run by three brothers, representing the fourth generation of the founding family. Pascal Mouawad is specifically mentioned as the co-guardian of the retail division.
Reader pulse
Is Mouawad's decade-long Asia rollout a smart move?
20,238 votes so far