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Tag: Harrods

  • Harrods Ramps up Digital Strategy, Scaling Down Physical Presence in China

    Harrods Ramps up Digital Strategy, Scaling Down Physical Presence in China

    The iconic British department store Harrods has decided to scale back its physical presence in China. Its most significant move in this direction is the impending closure of its upscale hospitality spaces in Shanghai.

    Closure of Premium Spaces

    The Shanghai Tea Rooms and the ultra-exclusive private member club, The Residence, are scheduled to shut their doors in January. This move signifies the end of an era that began in 2020, initiated by an exclusive personal shopping concept that was only available via invitation.

    Both the Shanghai Tea Rooms and The Residence were designed with the intention of offering well-heeled Chinese customers a taste of classic British luxury. They were spaces where social, lifestyle, and retail experiences were effectively blended.

    Maintaining Presence through Other Channels

    Despite the closures, Harrods is not completely pulling out of China. The retailer aims to maintain its presence in the country by hosting exclusive pop-up events and activities. They also plan to continue their engagement with Chinese consumers through digital channels and by exploring local wholesale opportunities.

    Harrods has additionally discontinued its membership program, which was specifically designed for Chinese consumers. However, the retailer’s senior leadership is committed to supporting local partners and plans to conduct a series of visits over the next year.

    Earlier Developments

    In 2021, Harrods unveiled a second version of The Residence in Beijing. The brand then embarked on a partnership with The Opposite House, which is part of Swire Hotels’ Upper House Group, to launch The Harrods Residence Suite. This marked the opening of its first hotel suite in Asia.

    Questions & Answers

    Why is Harrods closing its hospitality spaces in Shanghai?

    Harrods is reducing its physical footprint in China and focusing more on digital channels, local wholesale opportunities, and exclusive pop-up events.

    Will Harrods completely withdraw from the Chinese market?

    No, despite the closure of some physical spaces, Harrods intends to maintain its presence in China through various channels and activities.

    What was the purpose of the Shanghai Tea Rooms and The Residence?

    These venues were designed to offer affluent Chinese customers a taste of traditional British luxury, blending elements of social, lifestyle, and retail experiences.

  • Harrods opening store in Shanghai

    Harrods opening store in Shanghai

    British department store Harrods will open a location in Shanghai.

    According to Retail Gazette, the store will be the brand’s first standalone site outside the UK and will target China’s growing middle class.

    “If you look at all of the reports, they say, quite categorically that all of the growth in the next five years is going to come from Southeast Asia. And is going to come from millennials,” said Harrods MD Michael Ward. “So we’ve got to go after that. It’s very important that you follow the money. We see continued growth of China, but we see a need to be a more permanent resident in China.”

    Harrods has been making investments in China for a decade, and will launch in the Pudong area in response to strong consumer demand. The store will serve private shoppers targeting the high-end market.

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  • Gemfields introduces Faberge to India

    Gemfields introduces Faberge to India

    Faberge, owned by UK emeralds and rubies mining company Gemfields, is the latest in a growing list of global luxury brands to enter India.

    It is following on the heels of such brands as Burberry and Rolex as India’s economic expansion spawns more billionaires than in Japan, the traditional bastion of ultra-rich in Asia, reports ET Retail.

    Faberge, an ultra-luxury jeweller known for its Easter eggs and tracing its roots back to Russia in the days it had royalty, will set up in Delhi and Mumbai, selling its products through select showings for the uber-rich.
    “India and other Asian markets have tremendous potential,” says Faberge CEO Sean Gilbertson. “Asia has largely been an unexplored area for us.”

    Faberge, which retails through 39 multi-brand outlets including Harrods and Mayfair, plans to hold more trunk shows in Hong Kong, Malaysia and Singapore.

    Products being sold in India include coloured gemstones, emeralds, rubies and sapphires, and timepieces including the award-winning Lady Compliquee peacock watch. Prices range from US$5000 to $3 million.
    Founded in 1842, the company was founded by Peter Carl Faberge, who was official goldsmith to the Russian Imperial Court.

    In the quarter to the end of December, Faberge’s sales jumped by 48 per cent over the same period in 2015, says Gemfields, while the average selling price per piece increased by 12 per cent.

    Faberge has not been affected by the overall slowdown in the luxury market, says Gilbertson, as it deals with a smaller clientele with an average selling price “extraordinarily high compared with most other brands”.

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  • Amazon India proposes $500m food venture

    Amazon India proposes $500m food venture

    Amazon India has applied to the government to invest US$500 million in a wholly owned venture that will allow the US eCommerce giant to stock locally produced food items and sell them online.

    If successful, it would become the first foreign retailer to enter the segment.

    Amazon already has an eCommerce marketplace in India, but while 100 per cent overseas capital is permitted for such platforms, they cannot sell products of their own. Last year, the government allowed for 100 per cent foreign investment in the retailing of processed foods made in India.

    Amazon has filed its application with the Department of Industrial Policy & Promotion (DIPP), which handles foreign investment in retailing and e­Commerce. The company plans to invest $500 million over five years and could start selling locally produced food items within six months of obtaining approval, says an insider.

    “We are excited by the government’s continued efforts to encourage foreign direct investment in India for a stronger food-supply chain,” says an Amazon spokesperson. “We have sought an approval to invest and partner with the government in achieving this vision.”

    Only Indian grocery delivery companies Big­Basket and Grofers have applied under
    the category, prompting the government to invite companies including CP Foods (Thailand), Heinz, Nestle and Walmart to provide feedback and investment plans.

    This followed the minister for food-processing industries Harsimrat Kaur Badal visiting London with a team of officials last year to meet representatives of such companies as Cobra Beer, Harrods, Marks & Spencer, Sainsbury’s and Tesco to drum up support for the policy.

    Amazon’s current online platform is open to Indian-­owned entities, and similar platforms are run by Flipkart, the country’s largest eCommerce company, and Snapdeal.

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  • Christian Louboutin Tokyo pop-up

    Christian Louboutin Tokyo pop-up

    Christian Louboutin’s latest spring/summer bag collection is being showcased in a stunning pop-up boutique in Tokyo’s Isetan department store.

    Christian Louboutin pop-up opens in Tokyo 1

    Open on the second level until March 1, the Christian Louboutin Tokyo pop-up was inspired by showgirls and exotic birds and features feathered plinths layered with rich colours plus quirky details.

    Christian Louboutin pop-up opens in Tokyo

    It is the latest retail experience designed by the luxury label in conjunction with customer experience specialist Household, and the second within the Isetan store. Household has also created spaces forChristian Louboutin at Selfridges in London and Manchester in the UK, Brentwood Los Angeles, Printemps Paris, Seibu Tokyo and Osaka’s Hankyu and Daimaru department stores.

    Christian Louboutin pop-up opens in Tokyo 2
    Based in London and Los Angeles, Household works across Asia, Europe and the US for clients including Harrods, Tesco, Unilever and Vodafone.

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  • Marie France Van Damme Announces The Opening Of Its Fifth Boutique In Singapore In November

    Marie France Van Damme Announces The Opening Of Its Fifth Boutique In Singapore In November

    Marie France Van Damme, the Hong Kong-based designer known for her globally influenced line of luxury resort, swim, and ready-to-wear, announced today the opening of a fifth boutique in Singapore’s Takashimaya Shopping Centre in November 2015. Since launching in 2011, Marie France Van Damme continues to expand her presence worldwide, focusing on cities that not only inspire the designer, but also appeal to her sophisticated, jet-set clientele.

    “From a global perspective, this is a milestone for the brand. We are excited to bring the Marie France Van Damme collection to life in this vibrant city,” said Marie France Van Damme. “I couldn’t imagine a better location for our first store in Singapore.”

    Located on the third floor of the Takashimaya Shopping Centre on Orchard Road, the 1000 square foot boutique will evoke Marie France Van Damme’s signature style, which blends subtle Asian influences and elegant simplicity. Also available at the boutique will be the brand’s assortment of accessories, including candles, handbags and a special home collection created exclusively for this location.

    Marie France Van Damme will celebrate the flagship opening with several events in the Fall 2015.

    The company currently has 100 retail locations. The Singapore store will mark the company’s fifth branded boutique worldwide. Marie France Van Damme opened her first store in 2013 at the International Finance Center (IFC) in Hong Kong.

    About Marie France Van DammeMarie France Van Damme is a Canadian-born, Hong-Kong based fashion designer, celebrated hostess and author, whose luxury lifestyle resort wear brand is inspired by her travels and personal style. Marie France Van Damme introduced her eponymous label in the summer of 2011.  The Marie France Van Damme line is defined by an edited collection of elegant and seasonless staples with every piece designed to transition seamlessly from city to resort.

    Marie France Van Damme is available at her other retail locations in Hong Kong, Bangkok, Phuket and London, Bergdorf Goodman, Harrods, Selfridges, Saks Fifth Avenue, Neiman Marcus and exclusive resorts such as Amanresorts and the One & Only.  She is also the author of the coffee table book RSVP: Simple Sophistication, Effortless Entertaining (Thames & Hudson) featuring her effortless style and entertaining tips with photographs by Herbert Ypma of the Hip Hotels series. 

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