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Timepiece brand Vacheron Constantin is reopening its Singapore boutique at Ion Orchard, debuting its new retail concept. The boutique’s revamped interior is designed to convey modern elegance and a refined aesthetic, featuring new design codes accented by…
Richemont sales in Asia Pacific surged 20 per cent in the first half of this year with the region the group’s single-largest market, accounting for 37 per cent of total sales. The increase was fuelled by the inclusion of the Yoox Net-A-Porter (YNAP) business…
Luxury travel retailer DFS Group has unveiled the final phase of T Galleria by DFS, City of Dreams store in Macau following a year-long expansion. DFS Group chairman/CEO Philippe Schaus says the the store offers travellers the breadth of a luxury shopping…
Luxury brands need to use new technologies and offer experiences for their customers, the second Luxury Society keynote event in Shanghai has been told. UCO Cosmetics CEO Arthur Zhang told the event that the early-stage eCommerce model of simply providing a…
With Chinese shoppers buying fewer watches, Richemont sales continue to slide, prompting the luxury brand owner to announce uncharacteristically radical moves. While continuing to cull its store network, Richemont has axed its CEO role, placing more…
Feeling the pinch from a tough trading environment, luxury goods retailer Richemont has announced restructuring measures, including the closure of stores. Richemont Asia sales have declined despite a 26 per cent increase in sales in Mainland China. Global…
In a first for the market, a TimeVallee Watch Boutique has opened inside Japan Duty Free Ginza on the eighth floor of Mitsukoshi Ginza Store in Tokyo. It is based on the concept of offering multiple international luxury-watch brands, and is the first such…
With sales slipping in the industry’s largest market, the annual Watches & Wonders exhibition in Hong Kong may be cut back to every two years. High-end watchmakers are looking at a shift in strategy in Hong Kong in the face of the most severe downturn the…
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