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Tag: luxury

  • Kering’s Revenue on the Upswing: Luxury Brand’s Road to Recovery Gains Momentum

    Kering’s Revenue on the Upswing: Luxury Brand’s Road to Recovery Gains Momentum

    Kering, the luxury conglomerate that owns brands such as Gucci and Balenciaga, has noted a sequential improvement in its revenue for the first quarter, indicating that the company’s recovery is gaining momentum.

    Quarterly Revenue Trends

    The company reported a revenue of €3.568 billion (US$4.2 billion) for the quarter that concluded on March 31. This figure represents a 6% decline year-on-year on a reported basis, but remained steady on a comparable basis.

    The fashion and leather goods segment, however, witnessed a 9% reduction in sales as per reports, and a 3% drop on a comparable basis. Brands like Saint Laurent, Bottega Veneta, Balenciaga, and Brioni showcased year-on-year growth during the quarter, with North America emerging as a significant influencer of this positive trend.

    Brand Performance

    Gucci, one of Kering’s prime assets, saw a 14% dip in revenue on a reported basis, and an 8% decrease on a comparable basis. Despite a promising 8% increase in North America, declining trends in Asia-Pacific (Apac) and Western Europe overshadowed its performance.

    On the other hand, Kering’s jewelry section reported a 14% increase in sales on a reported basis and a 22% surge on a comparable basis. This rise was attributed to strong performance across key regions, with Japan and Apac leading the demand.

    Kering Eyewear also experienced growth, with a 3% increase in sales on a reported basis and a 7% increase on a comparable basis.

    CEO’s Statement

    Kering’s CEO, Luca de Meo, highlighted that the stabilizing revenue signals an essential first step towards the group’s recovery. He further added, “Nearly all our Houses delivered growth during the quarter, with a particularly strong contribution from jewelry. Gucci remains our top priority. A comprehensive turnaround is underway, with decisive actions across client, distribution, and, above all, the offer.”

    Attention to Conflict Zones

    The luxury group acknowledged the ongoing conflict in the Middle East as an area of ‘heightened attention.’ The region, with around 1100 employees and 79 stores, accounts for approximately 5% of total retail revenue. The first quarter saw an 11% decline in retail revenue in the region, following growth in the initial two months. Despite temporary disruptions in some areas, the entire retail network is currently operational, as per the company’s statement.

    Questions & Answers

    What was the overall revenue of Kering for the first quarter?
    The overall revenue for the first quarter was €3.568 billion (US$4.2 billion).

    Which brand under Kering saw significant growth in this quarter?
    The brands Saint Laurent, Bottega Veneta, Balenciaga, and Brioni reported year-on-year growth in the quarter.

    How has the conflict in the Middle East affected Kering’s retail revenue in the region?
    There was an 11% decline in retail revenue in the Middle East in the first quarter.

  • Byredo Elevates Luxury Shopping Experience with New Flagship Store in Hong Kong’s Central District

    Byredo Elevates Luxury Shopping Experience with New Flagship Store in Hong Kong’s Central District

    Luxury fragrance brand, Byredo, has further solidified its presence in Hong Kong’s high-end retail sector by launching a flagship store in the city’s Central district.

    The New Store’s Unique Design

    The store, situated on Gough Street, boasts a unique architectural design, drawing inspiration from traditional shopfront gates for its stainless steel exterior. Inside, the space adopts a minimalist aesthetic enhanced by a thoughtful selection of materials. Granite flooring, textured plaster walls, and exposed steel elements create a modern, industrial ambiance. Wood and burgundy accents are used sparingly, adding warmth and richness to the overall scheme.

    Prioritizing spaciousness and meticulous product display over cluttered merchandising, the store design aims to offer an enjoyable and comfortable shopping experience.

    Product Range and Customer Experience

    The store’s primary focus is on the brand’s fragrance collection. However, the brand’s body care, home, and cosmetic product ranges are also featured, each having its designated display area. The built-in sink within the store allows customers to try out the products, reflecting the brand’s commitment to interactive and experiential beauty retail.

    Byredo, in a statement, eloquently described the new store as “more than a store, it is an atmosphere. A distilled expression of material, memory, and movement.”

    Byredo’s Expansion in Hong Kong

    The Gough Street store marks Byredo’s second flagship store in Hong Kong. The brand first entered the Hong Kong market in 2015, and just seven years later, it launched its first flagship store on Fashion Walk in Causeway Bay in 2022.

    Questions & Answers

    Where is Byredo’s new flagship store located?
    The new flagship store is located in Hong Kong’s Central district, on Gough Street.

    What is the main focus of the product range in the new store?
    The store primarily showcases Byredo’s fragrance collection, supplemented by body care, home, and cosmetic products.

    When did Byredo first enter the Hong Kong market?
    Byredo made its initial foray into the Hong Kong market in 2015.

  • Crackdown in Da Nang: Seven Retailers Face Hefty Fines for Peddling Counterfeit Luxury Brands

    Crackdown in Da Nang: Seven Retailers Face Hefty Fines for Peddling Counterfeit Luxury Brands

    The Market Surveillance Department has issued fines totaling VND215 million (US$8,163.74) to seven retail stores in Da Nang, Vietnam for selling fake merchandise from brands such as Gucci and Nike. The shops, located in popular tourist areas Son Tra and Hoi An, have been instructed to dispose of all counterfeit items.

    Counterfeit Items Seized in April Raid

    The fines come as a result of an early April raid, during which authorities seized 295 handbags from brands such as Gucci, Chanel, Hermes, and Fendi, along with 27 pairs of Nike sneakers. All of these items were suspected to be counterfeit.

    The raided establishments were unable to provide proper documents or invoices for these goods, which are estimated to have a value of nearly VND178 million if they were authentically produced.

    Raids Part of Broader Campaign

    These raids are part of a larger initiative leading up to the Da Nang International Fireworks Festival, an annual event that draws large crowds of both local and international tourists.

    The Market Surveillance Department has indicated that they will continue to conduct inspections in shopping and tourist areas. They warned that repeat or serious offenders may be referred to investigative authorities if there is evidence of criminal activity.

    In an effort to further prevent the sale of counterfeit and low-quality goods, authorities are also ramping up public awareness campaigns. These initiatives aim to educate businesses on legal compliance and help consumers identify counterfeit products.

    Questions & Answers

    Why were these retail stores in Da Nang fined?
    They were fined for selling counterfeit merchandise from brands including Gucci and Nike.

    What action was taken after the counterfeit items were discovered?
    The shops were levied with fines and ordered to dispose of all counterfeit goods.

    What measures are authorities taking to prevent the sale of counterfeit goods?
    Authorities are conducting regular inspections, particularly in tourist and shopping areas. They are also running public awareness campaigns to educate businesses about legal compliance and help consumers detect counterfeit and low-quality goods.

  • Omani Luxury Perfumer, Amouage, Unveils First Indian Boutique at Mall of Asia, Bangalore

    Omani Luxury Perfumer, Amouage, Unveils First Indian Boutique at Mall of Asia, Bangalore

    Amouage, a renowned perfume retailer originating from Oman, has made its first foray into the Indian market with a boutique outlet in the Mall of Asia located in Bangalore.

    Amouage’s Global Presence

    Founded in 1983, Amouage has significantly expanded its global footprint, boasting 25 boutiques worldwide following its retail expansion in 2025. The illustrious brand was established by Prince Sayyid Hamad bin Hamoud Al Busaidi as per the request of the Sultan at the time.

    The Petite Boutique Concept

    The petite boutique concept adopted by the company serves as a tangible manifestation of the retailer’s homeland. The boutique’s aesthetics draw inspiration from the natural landscapes and architectural principles of Oman. Sandstone textures reminiscent of the desert terrain, fluted concrete resembling the flow of dunes, and polished travertine symbolizing the geometric discipline inherent in Omani design collectively compose the unique ambiance of the store.

    The boutique also proudly showcases the Amouage logo in the Kannada script, which is the primary language of Bangalore, boasting a rich literary history of over 1500 years.

    Amouage’s Petite Boutique Locations

    The opening of the Bangalore outlet marks the addition of the fourth petite boutique to the Amouage portfolio, joining existing locations in Kuala Lumpur, London, and Muscat. In order to facilitate the successful launch of the Bangalore site, Amouage collaborated with LuxAsia, a distribution platform.

    Questions & Answers

    When was Amouage founded and by whom?
    Amouage was founded in 1983 by Prince Sayyid Hamad bin Hamoud Al Busaidi at the Sultan’s behest.

    What is the significance of the ‘petite boutique’ format adopted by Amouage?
    The petite boutique format serves as a direct translation of Amouage’s home country, Oman. The design elements inside the store reflect different aspects of Omani culture and environment.

    What are the other locations of Amouage’s petite boutiques?
    Prior to the opening of the Bangalore outlet, Amouage’s petite boutiques were located in Kuala Lumpur, London, and Muscat.

  • New York Luxury Brand Tiffany & Co. Amplifies Presence in Thailand with Opulent IconSiam Store

    New York Luxury Brand Tiffany & Co. Amplifies Presence in Thailand with Opulent IconSiam Store

    Tiffany & Co, the renowned luxury jeweller from New York, has further extended its presence in Bangkok by inaugurating a new boutique in IconSiam. This marks the esteemed brand’s third establishment in the capital city of Thailand.

    A Distinctive Boutique

    The latest addition to Tiffany’s outlets stands out as the first in Southeast Asia to showcase a façade inspired by Favrile glass, a creation of Louis Comfort Tiffany. Mr. Tiffany, the company’s inaugural art director, developed this unique type of glass in the late nineteenth century.

    Boasting an area of 256 square meters, the boutique has been tastefully designed with plaster walls that are complemented by ceilings adorned with gold leaf. Complementing this opulent interior are customized furniture pieces replete with hand-woven upholstery.

    Exquisite Collections

    The recently opened boutique provides a dazzling showcase for a wide array of Tiffany’s collections. These include the HardWear, Knot, Lock, and T collections from Tiffany. Alongside these, the boutique displays an array of high jewellery pieces, engagement rings, and home accessories.

    All About Love

    A special space within the boutique, named ‘All About Love’, presents an enchanting display of engagement rings. The ivory and silver walls of this section, combined with a diamond-inspired display, create a mesmerizing backdrop for these symbols of commitment.

    Private Salon

    The boutique also houses a private salon, designed for those seeking a more intimate shopping experience. Decked with bespoke furniture and orchid-patterned wallpaper, the salon offers a tranquil escape from the bustling city outside.

    Continued Investment

    The opening of this boutique is indicative of Tiffany & Co’s ongoing commitment to investing in Thailand. This comes after the company’s establishment of previous boutiques in Bangkok.

    Operating over 300 stores worldwide, the company employs more than 14,000 individuals. Since its founding in 1837, Tiffany & Co has become globally recognized for its premium jewellery, watches, and luxury accessories.

    Questions & Answers

    What is unique about the new Tiffany & Co boutique in IconSiam, Bangkok?
    The boutique is the first in Southeast Asia to feature a façade inspired by Favrile glass, a creation of Tiffany’s first art director, Louis Comfort Tiffany.

    What collections can customers expect to find at the new Tiffany & Co boutique?
    Customers can explore a diverse range of collections, including the HardWear, Knot, Lock, and T collections from Tiffany, alongside high jewellery, engagement rings, and home accessories.

    What kind of shopping experience does the new Tiffany & Co boutique offer?
    The boutique offers a luxurious and intimate shopping experience, with a special section called ‘All About Love’ for engagement rings and a private salon for customers desiring a more private shopping environment.

  • Jason Archer Ascends to APAC MD Role at Canada Goose: Driving Expansion and Luxury Presence in Asia

    Jason Archer Ascends to APAC MD Role at Canada Goose: Driving Expansion and Luxury Presence in Asia

    Canada Goose, the luxury outerwear retailer, has recently appointed Jason Archer as Managing Director (MD) of the Asia Pacific region (APAC). This move signifies the brand’s strategy to strengthen its luxury positioning and extend its market footprint in the region.

    Role and Responsibilities

    Jason Archer, based in Hong Kong, will report directly to the President of APAC for Canada Goose, Daniel Binder. His key responsibilities will involve steering the region’s strategy, managing commercial execution, and supervising operations.

    Archer brings more than twenty years of professional experience to the role. Prior to his promotion, he held the position of Senior Vice President, APAC operations and business development for Canada Goose.

    Impressive Track Record

    Over his tenure at Canada Goose, Archer has already made significant strides in the company’s development. His accomplishments include driving double-digit revenue growth within the APAC region, enhancing the brand’s direct-to-consumer performance, and ensuring brand consistency across various markets.

    Binder expressed his confidence in Archer, stating that his excellent work has significantly strengthened the company’s regional operations. He further stated, “With his global experience and strong leadership, Archer is the right person to guide us forward and unlock the brand’s full potential.”

    Noteworthy Appointments

    In another significant move in 2024, Canada Goose had appointed French designer Haider Ackermann as its inaugural Creative Director, thereby highlighting its commitment to further enhancing its luxury positioning.

    Questions & Answers

    Who is the newly appointed MD of APAC for Canada Goose?
    Jason Archer has been appointed as the new Managing Director of APAC for Canada Goose.

    What are the key responsibilities of his new role?
    His main responsibilities will be to steer the region’s strategy, oversee commercial execution, and supervise operations.

    What has Jason Archer accomplished in his tenure at Canada Goose?
    Archer has driven double-digit revenue growth in the APAC region, enhanced the brand’s direct-to-consumer performance, and ensured brand consistency across various markets.

  • Experience Ultimate Luxury: 2026 Mercedes-Maybach S-Class Unveiled with Enhanced V8 Power and Stellar Tech Upgrades

    Experience Ultimate Luxury: 2026 Mercedes-Maybach S-Class Unveiled with Enhanced V8 Power and Stellar Tech Upgrades

    Several months after the reveal of the updated S-Class, Mercedes-Benz has now launched the 2026 Maybach S-Class. The flagship luxury limousine comes with a series of subtle design revisions, enhanced features, and technology upgrades. It will also boast a more robust V8 engine, while the V12 engine remains available in the S 680 variant and will be accessible only in certain markets.

    Exterior Design and Features

    The 2026 Maybach S-Class underwent modest style modifications. The front grille has been enlarged by 20% and is now surrounded by an illuminated frame. Other radiant elements include the Maybach inscription, the C-pillar emblem, and the bonnet-mounted Mercedes-Benz star in certain markets.

    The headlights now showcase a tri-star LED light signature complemented by rose-gold accents, while the tail-lights reflect this three-pointed star pattern. New forged alloy wheel designs have been introduced by Mercedes-Maybach, including ones with self-leveling center caps that keep the Mercedes-Benz logo upright while on the move.

    The expanded Manufaktur program has introduced new paint options, including the Nautical Blue metallic for the Night Series package.

    Interior Enhancements

    In keeping with Maybach tradition, the focus continues to be on rear-seat comfort, with improvements in material quality and layout. The updated model also introduces the new Mercedes-Benz Operating System (MB.OS) in a Maybach, coupled with the latest iteration of the MBUX infotainment system.

    The MBUX Superscreen merges the central and passenger displays under a single glass panel and showcases Maybach-specific graphics with rose-gold accents. Rear passengers are treated to twin 13.1-inch displays, executive seating, a refrigerated compartment, and signature elements such as silver-plated champagne flutes.

    Mercedes-Benz has also unveiled new interior themes, featuring open-pore wood trims and a leather upholstery option crafted from sustainable materials. The ambient lighting has been upgraded with various themes and deeper integration with in-car functions.

    Technology and Performance Upgrades

    The enhanced S-Class introduces MB.OS, which reportedly offers a more sophisticated digital experience with AI-based features. The new virtual assistant supports more natural voice interactions and can access multiple integrated services. Parking systems have also seen improvements, supporting angled parking and enhanced 360-degree visualization.

    The 2026 Maybach S-Class lineup features upgraded six- and eight-cylinder engines with hybrid assistance. The Maybach S 580 is powered by a modified 4.0-litre V8 engine generating 530 bhp, coupled with a mild-hybrid system that offers an additional boost. The peak torque exceeds 750 Nm, with an added electric boost, and power is distributed to all four wheels through the standard 4MATIC system.

    The plug-in hybrid S 580 e pairs a six-cylinder petrol engine with an electric motor, offering an electric-only range of up to 100 km.

    The top-tier S 680 model, available in select markets, maintains the 6.0-litre twin-turbo V12 engine, producing over 600 bhp, making it one of the few luxury sedans globally to house a V12 engine.

    The S 580 performance stats reveal a 0-100 kmph acceleration in 4.5 seconds, with a top speed electronically restricted to 250 kmph.

    The Maybach Night Series S-Class

    The Maybach Night Series S-Class is essentially a package that adds a darker theme to the S-Class. This package offers a variety of subdued exterior finishes, including shades of grey, black, and white, along with a two-tone obsidian black and Mojave silver option. For the first time, buyers can select a new Nautic Blue metallic paint.

    Consistent with this theme, typical chrome elements are replaced with dark chrome details. The car rides on a set of black alloy wheels optimized for aerodynamics and adorned with Maybach logos. The Night Series extends its unique identity to the interior, offering a choice between black Maybach Exclusive Nappa leather and a Manufaktur deep white-and-black pearl interior.

    The new Maybach S-Class will be available to order in select European markets from March 25, 2026. The updated Maybach S-Class is expected to arrive in India following the standard S-Class, with a launch anticipated sometime in 2027.

    It is expected that, like the current model, the Maybach S 580 will be locally assembled. Prices are predicted to exceed Rs 3 crore, given the technology and feature upgrades. For comparison, the current Maybach S-Class starts from Rs 2.80 crore (ex-showroom).

    Questions & Answers

    What new features does the 2026 Maybach S-Class have?
    The 2026 Maybach S-Class comes with subtle styling modifications, improved materials and layout in the cabin, a more powerful V8 engine, and a host of technology upgrades, including the new Mercedes-Benz Operating System (MB.OS) in a Maybach for the first time.

    What is the performance of the 2026 Maybach S 580?
    The 2026 Maybach S 580 is powered by a modified 4.0-litre V8 engine delivering 530 bhp. It has a peak torque of over 750 Nm and can accelerate from 0-100 kmph in 4.5 seconds, with a top speed electronically limited to 250 kmph.

    When will the 2026 Maybach S-Class be available?
    The new Maybach S-Class will be available to order in select European markets from March 25, 2026. It is expected to arrive in India following the standard S-Class, with a launch anticipated sometime in 2027.

  • Aigner Teams Up with Melchers to Conquer China’s Luxury Market: Unveiling Flagship Store on Tmall

    Aigner Teams Up with Melchers to Conquer China’s Luxury Market: Unveiling Flagship Store on Tmall

    German luxury leather goods brand, Aigner, has entered into a collaboration with Melchers China to bolster its presence in mainland China.

    Partnership Details

    As per the arrangement, Melchers China will handle all facets of Aigner’s local retail and e-commerce ventures. The partnership will officially kick-off with the unveiling of Aigner’s flagship store on the Luxury Pavilion of Tmall, which is a part of the Alibaba Group’s luxury segment. This platform has evolved into a significant entry-point for international brands seeking to make inroads into the Chinese marketplace.

    In addition to this, the cooperation will concentrate on enhancing Aigner’s presence on notable platforms such as Xiaohongshu (also known as Little Red Book) and WeChat.

    Claus Toxvig, the CEO of Melchers China, expressed his enthusiasm about the partnership. He stated that the shared values of both organizations, such as Aigner’s heritage, artisanship, and timeless style, align seamlessly with Melchers’ brand building approach in China. Their collective goal is to lay a robust foundation for sustained success and foster meaningful relationships with the Chinese consumer base.

    About Aigner

    Established in Munich in 1965 by Etienne Aigner, the brand has scaled globally, showcasing its collections at Milan Fashion Week and establishing its presence across Europe, Asia, and the Middle East. Aigner places emphasis on durability and contemporary design.

    Questions & Answers

    What is the purpose of Aigner’s partnership with Melchers China?
    The partnership aims to boost Aigner’s local retail and e-commerce presence in mainland China.

    Where will the launch of this partnership take place?
    The partnership will be inaugurated with the launch of Aigner’s flagship store on Alibaba Group’s Tmall Luxury Pavilion.

    What values do Aigner and Melchers China share?
    Both companies value heritage, craftsmanship, timeless style, and a focused approach to brand-building in China.

  • Siddhartha Shukla Exits Lanvin: A Shift in Luxury Fashion Leadership Amid Market Volatility

    Siddhartha Shukla Exits Lanvin: A Shift in Luxury Fashion Leadership Amid Market Volatility

    Siddhartha Shukla is set to leave his position as deputy CEO of the high-end fashion label Lanvin after a four-year tenure. Shukla, who has extensive experience in the luxury industry, joined Lanvin towards the end of 2021 with a vision to assist in the brand’s transition.

    Shukla’s Background

    Prior to his role at Lanvin, Shukla held the position of chief brand officer at the prestigious US label, Theory. His expansive career also includes over ten years at notable fashion houses such as Gucci and Saint Laurent.

    Lanvin’s Leadership

    In the wake of Shukla’s departure, Lanvin Group, the parent company of the fashion brand, announced that Andy Lew, the group’s executive president and Lanvin’s chairman and CEO, will continue to maintain control of the brand and its strategic aspirations.

    Leadership Changes Within the Group

    The exit of Shukla is the latest in a series of leadership changes within the group. Recently, Mandy West was designated as CEO of women’s clothing brand St John Knits, and Marco Pozzo took on the role of CEO at Wolford.

    Strategic Decisions

    Additionally, the group has taken significant strategic steps towards focusing on its central brands, primarily due to the ongoing fluctuations in the luxury market. This includes the divestment of the Italian menswear label Caruso, which was sold to MondeVita Italy, a subsidiary of the Mondevo Group.

    Recent Financial Performance

    In terms of fiscal performance, the group experienced a downturn in the first half, noting a 22% decline in revenue. The Lanvin brand, in particular, witnessed the most considerable decrease, with a fall of 42%.

    Questions & Answers

    Why is Siddhartha Shukla leaving Lanvin?
    The specific reasons for Siddhartha Shukla’s departure from Lanvin have not been disclosed.

    Who will take over Shukla’s responsibilities at Lanvin?
    Andy Lew, the group’s executive president and Lanvin’s chairman and CEO, will continue to oversee the brand and its strategic ambitions.

    How has Lanvin’s financial performance been recently?
    In the first half of the fiscal year, Lanvin’s revenue saw a significant decrease of 42%.

  • Estee Lauder Seals the Deal: Full Ownership of India’s Luxury Beauty Brand, Forest Essentials

    Estee Lauder Seals the Deal: Full Ownership of India’s Luxury Beauty Brand, Forest Essentials

    Estee Lauder, a renowned global manufacturer and marketer of skincare, makeup, and beauty products, has acquired the remaining shares of the luxury Indian beauty brand, Forest Essentials. This move finalizes an 18-year partnership between the two entities, pending regulatory approval.

    Increase in Commitment and Position

    Stéphane de La Faverie, the president and CEO of Estee Lauder, emphasized that this acquisition underscores the company’s commitment to enhancing the growth of Forest Essentials. It also solidifies its standing in India’s high-end beauty market. De La Faverie expressed deep admiration for the vision and perseverance needed to create a brand of Forest Essentials’ stature. The shared objective is to further solidify the brand’s leadership domestically, while prudently introducing it to a global market.

    A Brand Rooted in Tradition

    Forest Essentials, established in 2000 by Mira Kulkarni, draws its inspiration from Ayurveda. This age-old Indian wellness system, with a history spanning approximately 3000 years, concentrates on creating harmony between the mind, body, and spirit. Forest Essentials has successfully transformed these traditional rituals into contemporary formulations and immersive retail experiences, placing Ayurveda in the luxury beauty segment. Today, Forest Essentials is a leading brand with about 200 stores spread across India.

    Future Direction

    Despite the acquisition, Forest Essentials will retain its headquarters in New Delhi under the leadership of Mira Kulkarni and her son, Samrath Bedi, who is the executive director. The brand will continue its operations in India, including infusing research and development with Ayurveda principles, sourcing botanicals locally, and manufacturing in-house.

    The collaboration with Estee Lauder will allow Forest Essentials to tap into the latter’s worldwide brand-building capabilities, distribution network, and operational proficiency. This will foster long-term growth while preserving the brand’s heritage.

    Kulkarni expressed that the next phase of the company’s evolution will concentrate on international expansion while preserving its Indian roots. She reiterated that Ayurveda is not simply a belief system, but a refined combination of science, ritual, and holistic wellbeing. She added that this new phase signifies both continuity and growth.

    Questions & Answers

    What is the significance of Estee Lauder’s acquisition of Forest Essentials?
    This acquisition reinforces Estee Lauder’s commitment to the growth of Forest Essentials and strengthens its position in the Indian luxury beauty market.

    What impact will the acquisition have on the operations of Forest Essentials?
    Forest Essentials will remain headquartered in New Delhi and continue its operations in India. It will also leverage Estee Lauder’s global brand-building capabilities, distribution network, and operational expertise to support long-term growth.

    What will be the focus of Forest Essentials’ next stage of development?
    Forest Essentials will focus on international expansion while maintaining its Indian roots and preserving the brand’s heritage.

  • Dior Unveils Largest Southeast Asia Outlet In Bangkok: A New Era Of Luxury Retail Experience

    Dior Unveils Largest Southeast Asia Outlet In Bangkok: A New Era Of Luxury Retail Experience

    Dior Beauty has unveiled its most expansive outlet in Southeast Asia, located in the Siam Takashimaya section of Bangkok’s IconSiam center. This move marks a strategic expansion in one of the most significant luxury consumer markets in the region.

    The latest Dior store exemplifies the firm’s innovative global retail strategy. It offers a curated selection of fragrances, makeup, and skincare products, all under one roof. The focus is on delivering a tailored and immersive retail experience for the brand’s discerning customers.

    A standout feature of the boutique is the private VVIC Lounge, a space meticulously designed for personalized beauty consultations. Additionally, beauty enthusiasts can indulge in Dior La Suite, an exclusive room offering bespoke facials using the brand’s cutting-edge skincare technology.

    Fragrances play a pivotal role in the store’s unique ambiance. The exquisite La Collection Privee Christian Dior is showcased in a distinct area, shaped in collaboration with the celebrated perfume creation director, Francis Kurkdjian. The boutique offers a host of customization services, such as refillable Amphora bottles and engraving.

    The boutique’s makeup area features top-tier products crafted under the guidance of Peter Philips, the creative and image director for Dior Makeup. This includes popular items like Rouge Dior and Dior Forever. Moreover, skincare ranges like Dior Prestige, Dior Capture, and L’Or de Vie are displayed with innovative digital diagnostic tools that help customers select suitable products.

    Since the dawn of the Year of the Horse, IconSiam has seen a rise in its luxury portfolio with several upscale brand debuts. One such example is Moncler, which opened its first company-owned store in Thailand at the IconSiam retail complex.

    Questions & Answers

    What is the standout feature of the new Dior Beauty boutique?
    The standout feature is the private VVIC Lounge, a space designed for personalized beauty consultations.

    What are some of the personalization services offered at the boutique?
    The boutique offers a host of personalization services such as refillable Amphora bottles and engraving.

    What are some of the featured product ranges at the store?
    The store features popular makeup items like Rouge Dior and Dior Forever as well as skincare ranges like Dior Prestige, Dior Capture, and L’Or de Vie.

  • Central Phuket’s Expansion: Transforming Thailand’s Luxury Retail Landscape by 2028

    Central Phuket’s Expansion: Transforming Thailand’s Luxury Retail Landscape by 2028

    Central Pattana is embarking on a significant expansion of Central Phuket, aiming to transform the mixed-use development into a keystone of Phuket’s transition from a tourist-centric locale to a global lifestyle hub.

    The expansion will enlarge the project’s existing area by approximately 40%, pushing the total developmental value past 26 billion baht (US$835.7 million) when completed in 2028. The expanded project will cover an approximate 500,000 square meters of gross building area, solidifying its standing as one of southern Thailand’s major retail and lifestyle establishments.

    Transition to Luxury Lifestyle Destination

    Situated in Phuket City, Central Phuket has gradually evolved from a traditional mall set-up to a luxury-focussed, experience-centric destination. It is designed to cater to high-spending local and international consumers. The latest development phase is set to tap into the escalating long-term residency, growth in branded residential spaces, and infrastructure improvements across Phuket.

    A key aspect of the expansion plan is the doubling of luxury retail space in Central Phuket Floresta. Central Phuket Festival will also be repositioned to enhance its appeal in the fashion and lifestyle sector. The expansion will additionally usher in new high-end dining areas and significant attractions, including immersive entertainment concepts, scheduled for gradual introduction by 2028.

    Central Pattana’s chief marketing officer, Nattakit Tangpoonsinthana, has drawn comparisons between this development model and successful examples in Miami, Saint-Tropez, and Barcelona. He emphasized Central Pattana’s commitment to strengthening this approach with a ‘Global Coastal City’ model. This model is underpinned by three core elements: luxury lifestyle, downtown economy, and a global community, positioning Phuket for long-term sustainable growth.

    Store Expansions and Exclusive Concepts

    The expansion will see the introduction of multiple store expansions and unique shopping concepts. These include the largest Louis Vuitton outlet in southern Thailand, a 597 square meter Prada boutique showcasing one of its widest beachwear collections, a pop-up by Celine, and revamped concept stores from Balenciaga and Saint Laurent.

    In a separate development, Central Pattana allocated 21 billion baht (US$640 million) last year to construct a new mega shopping and lifestyle complex, The Central Phaholyothin, in northern Bangkok.

    Questions & Answers

    What is the projected value of the expanded Central Phuket project?
    The total developmental value is estimated to exceed 26 billion baht (US$835.7 million) upon its completion in 2028.

    What new features will the expansion of Central Phuket introduce?
    The expansion plans include the doubling of luxury retail space, the introduction of new high-end dining areas, major attractions including immersive entertainment concepts, store expansions, and unique shopping concepts.

    What is the ‘Global Coastal City’ model?
    The ‘Global Coastal City’ model is driven by three core elements: luxury lifestyle, downtown economy, and a global community. It aims to position Phuket for long-term sustainable growth.

  • Hong Kong Luxury Real Estate Shuffle: Prince Jewellery Director Trades up with $6.4M Duplex Purchase

    Hong Kong Luxury Real Estate Shuffle: Prince Jewellery Director Trades up with $6.4M Duplex Purchase

    Tang Yick-ki, a director of Prince Jewellery and Sky Regal Properties, has recently engaged in significant real estate transactions in Hong Kong. He sold an apartment in Kowloon and obtained a two-story home in the vicinity for HKD50 million (US$6.4 million). These deals were completed in just over a month.

    Real Estate Transactions

    Tang sold his three-bedroom apartment, boasting 95 square meters of living space, located on the 71st floor of The Cullinan on Austin Road West in West Kowloon. The selling price was HKD46 million (US$5.9 million). Land Registry records confirmed the deal was finalized on January 5. Tang originally bought the apartment in 2016 for HKD32.5 million, meaning the property has increased in value by 41% in the intervening years.

    Roughly three weeks after this sale, Sky Regal Properties, where Tang serves as the sole director, purchased a duplex in The Waterfront, a residence within the same vicinity. According to the Land Registry, the transaction was completed last week for a cost of HKD50 million. Real estate agents specified that the duplex is 145 square meters and situated on the 45th floor.

    Prince Jewellery and the Hong Kong Property Market

    Prince Jewellery, with a 40-year history in Hong Kong, operates 16 retail stores and hosts over 60 globally recognized brands. The company’s recent real estate transactions come at a time when the Hong Kong property sector is gradually recovering from a prolonged slump. Despite persisting uncertainties, affluent homeowners like Tang are anticipated to continue seeking home upgrades.

    Some industry experts indicate that wealthier residents may choose to improve their current residences. However, this trend might not extend to those who invest in properties purely for financial gain. Additionally, home upgrades tend to become more popular during periods of market instability.

    Land Registry records also showed that another duplex in The Waterfront was sold for HKD50 million last week. The property was acquired by an entity known as Tung Tak, which had purchased it for HKD48.8 million in 2023.

    Questions & Answers

    What recent real estate transactions has Tang Yick-ki engaged in?
    Tang Yick-ki, a director of Prince Jewellery and Sky Regal Properties, has recently sold an apartment in Kowloon and bought a two-story residence nearby for HKD50 million.

    How is the Hong Kong property sector performing currently?
    The Hong Kong property sector is gradually emerging from a prolonged downturn. Despite ongoing uncertainties, affluent property owners are expected to pursue property upgrades.

    What is the trend concerning home upgrades in Hong Kong?
    Home upgrades tend to become more popular during periods of market instability. However, this trend might not apply to those who acquire property solely for investment purposes.

  • Francois Kohler Takes the Helm at LVMH: New Chapter for Luxury in South & Southeast Asia

    Francois Kohler Takes the Helm at LVMH: New Chapter for Luxury in South & Southeast Asia

    Francois Kohler has been named the new president for South and Southeast Asia by luxury giant LVMH, effective February 23. Kohler succeeds Chris Chong, who is venturing into new professional pursuits.

    In his new role, Kohler will be reporting directly to LVMH Group MD, Stephane Bianchi. His key responsibilities will encompass overseeing the group’s operations and expansion across the dynamic and strategically crucial regions of South and Southeast Asia. LVMH identifies these regions as integral to the growth of its Maisons.

    Bringing Experience and Expertise to the Role

    Kohler is set to utilize his extensive experience at both group and Maison levels, with a particular emphasis on retail network development and client strategy. He is expected to significantly contribute to the ongoing growth of LVMH’s presence in the region.

    Bianchi has expressed his confidence in Kohler’s leadership abilities, entrepreneurial spirit, and cultural adaptability. He also commended Kohler’s proven track record in retail network development as an asset to maximize developmental opportunities.

    Bianchi also took this opportunity to extend his gratitude towards Chris Chong for his significant contributions to the group’s regional presence. He credited Chong for strengthening local synergies to stimulate and maintain growth in South Asia.

    Optimism Amid Challenges

    Earlier this year, LVMH reported that its fourth-quarter sales had surpassed initial predictions. This instilled a sense of optimism about a potential rebound in the luxury sector. However, the sector continues to face challenges such as trade tensions, a depreciating dollar, and high gold prices.

    Questions & Answers

    What is the new role of Francois Kohler?
    Francois Kohler has been appointed as the new president for South and Southeast Asia by LVMH.

    What responsibilities will Kohler undertake in his new role at LVMH?
    Kohler will be in charge of overseeing LVMH’s operations and driving its expansion across the South and Southeast Asia region.

    What are the challenges facing the luxury sector as per LVMH’s recent reports?
    According to LVMH, the luxury sector is grappling with issues such as trade tensions, a weakening dollar, and high gold prices.

  • Hermès Triumphs Over Luxury Market Struggles: Unveiling the Secret to Surging US Sales

    Hermès Triumphs Over Luxury Market Struggles: Unveiling the Secret to Surging US Sales

    In a rapidly shifting luxury retail landscape, renowned players such as Kering and LVMH are finding it increasingly challenging to retain the interest of elite and aspirational customers alike. However, amid this tumultuous environment, luxury goods company Hermès has managed to find sustained success.

    Impressive Revenue Growth

    Hermès recently reported remarkable growth in its fourth-quarter revenue. This surge was largely attributed to robust sales in the United States and Asia. The company announced that their product sales, including iconic items such as Birkin and Kelly bags, silk scarves, and perfumes, saw growth of 9.8 per cent in currency-adjusted terms for the fourth quarter. This increase surpassed the predicted growth rate of 8.4 per cent.

    The sales growth was mainly driven by the Americas, particularly the United States, where sales escalated by 12.1 per cent, outperforming the anticipated growth of around 9 per cent. Sales in Asia also demonstrated robust growth of 8 per cent, excluding Japan.

    The company’s full-year operating profit amounted to €6.57 billion (US$7.79 billion), with a profit margin of 41 per cent, slightly above the predicted 40 per cent margin.

    Continuous Expansion

    Over the last three years, Hermès has witnessed a steady growth in annual sales by about 38 per cent, and its shares have also risen by 36 per cent. This growth has been achieved in spite of the ongoing challenges confronting the broader luxury retail industry.

    Hermès CEO, Axel Dumas, expressed confidence in the brand’s prospects. He announced that the company plans for price increases of around 5-6 per cent for the coming year, a decrease from the previous year’s hike of 6-7 per cent.

    Key to Success

    The company’s success has been credited to two main factors. Firstly, the consistent buying habits of its ultra-wealthy clientele, and secondly, Hermès’ persistent emphasis on brand storytelling.

    Moreover, the company’s strategic expansion plans, including the opening of new stores such as the latest one in Nashville, Tennessee, opened in October 2025, have further contributed to its success. It is also worth mentioning that Hermès recently acquired a high-priced real estate property in Beverly Hills for a future store, marking the most expensive real estate acquisition in the area since the early 2000s.

    Brand Identity and Steadfastness

    Hermès’ emphasis on desirability and exclusivity has also been pivotal to its success. Unlike its competitors, Hermès has maintained a laser-focus on its offerings, clientele, and creating an unparalleled luxury experience.

    The brand’s commitment to exclusivity has enabled it to retain its competitive edge in the struggling luxury market. Its strategy of creating a sense of rarity and allure around its top-tier items, such as the iconic Birkin bag, has offered a unique shopping experience for its affluent customers.

    Questions & Answers

    What factors contributed to the robust sales growth of Hermès?
    Sales in the United States and Asia primarily contributed to the substantial sales growth. Additionally, the company’s strategic expansion plans and consistent approach to brand storytelling also played significant roles.

    What is Hermès’ strategy for maintaining its competitive edge?
    Maintaining exclusivity and rarity of its top-tier items, and creating an unparalleled luxury experience for its customers has allowed Hermès to stay ahead in the competitive luxury retail industry.

    What is the anticipated price increase for Hermès products in the coming year?
    The company plans for price increases of around 5-6 per cent for the coming year, a decrease from the previous year’s hike of 6-7 per cent.