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Retail Asia15/11/2017

Asia Pacific sales accounted for 39 per cent of group sales for Swiss luxury-goods holding company Richemont for its half-year to September 30. Sales in Asia Pacific rose by by 25 per cent, with double-digit growth in most markets led by Mainland China, Hong Kong, Korea and Macau. While all product categories saw growth, the […]

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Retail Asia31/10/2017

Jewellery retailer Cartier has teamed with Kering Eyewear for its latest eyewear collection. Presented at the Silmo International Optics and Eyewear Exhibition in Paris, it marks the official start of the companies’ licensing agreement. Described as “timeless”, the collection has three main components, Santos de Cartier, C de Cartier and Panthere de Cartier, and introduces […]

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Retail Asia27/09/2017

Cartier owner Richemont North America has been fined for shipping jewellery to a Hong Kong company blocked by the Treasury Department’s Office of Foreign Assets Control (OFAC). Based in New York City, Richemont has agreed to pay US$334,800 to settle its “potential civil liability” for four apparent violations of the Foreign Narcotics Kingpin Sanctions Regulations, […]

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Retail Asia09/08/2017

Fine jewellery retailer Cartier has unveiled its newest store in Kuala Lumpur. Located at the Pavilion KL, the French maison’s two-storey duplex boutique is set on Level 2 and Level 3. Designed to emulate the Cartier flagship, the Bukit Bintang entrance features a 3-storey LED display that lights like liquid gold. Inside, the High Jewellery Salon […]

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Retail Asia06/03/2017

The closures of a number of retail and luxury brand giants on China’s e-commerce platforms indicate that retail competition is no less fierce online than offline. It is old news that the Chinese market is highly competitive and unlike any other market in the world. What may sell on the high street in London is […]

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Retail Asia17/02/2017

Beauty products brand Innisfree is launching in Indonesia with brand curator Time International. Part of Korean global beauty company AmorePacific Group, Innisfree offers products made with natural ingredients from Jeju, a volcanic island off the southern coast of the Korean Peninsula. Innisfree’s first store will open at Central Park Mall Jakarta on March 24, following […]

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Retail Asia14/01/2017

Cartier has unveiled its first-ever lifestyle pop-up store with experiential display to exhibit the Drive de Cartier Watch Collection. The pop-up, located in the Macau Four Seasons T-Galleria by DFS, opened this month and will remain until the end of February. “Visitors will immerse in the cultivated and contemporary universe that is inhabited by gentlemen […]

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Retail Asia17/12/2016

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 platform for selling products online is dead. He said key technologies being experimented and improved […]

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Retail Asia31/10/2016

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Project X, a multi-brand boutique that caters to young creative minds, has launched at Plaza Indonesia in Jakarta. From Time International, Project X offers a new take on men’s and unisex casual fashion and lifestyle. Its curated retail concept introduces 22 international brands and includes innovative designs in apparel, bags, shoes and accessories such as sunglasses […]

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Retail Asia07/10/2016

Parisian fashion house BA&SH has partnered with Hong Kong retail and brand management company ImagineX Group to strengthen its presence in Asia. BA&SH has hopes of accelerating its expansion in Hong Kong, Macau, Singapore, Taiwan and China. The label opened its first Asian store at Hong Kong’s IFC Mall in September 2014 and with ImagineX now […]

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Retail Asia16/09/2016

Luxury goods maker Richemont said on Wednesday that it expected operating profit in the six months to September to decline by 45% from a year ago. The Luxembourg-and JSE-listed group said in a statement that the decline reflected the effect of one-off restructuring charges of about €65m, and the additional effect of inventory buybacks. “We […]

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Retail Asia06/07/2016

Luxury travel retailer DFS Group Cambodia has marked the opening of its first store, T Galleria by DFS, Angkor, with a gala event for more than 300 guests. In the resort town and provincial capital of Siem Reap, near the ancient temple of Angkor Wat, T Galleria by DFS, Angkor is the largest duty-free luxury […]

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Retail Asia28/05/2016

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 sales fell 18 per cent in April, and the company reported a 23 per cent drop in […]

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Retail Asia26/05/2016

It’s already happened to middle-of-the-road stores across high streets and main streets. Now the world’s biggest luxury stores are starting to shutter outlets. The culprit is the Chinese consumer, who is starting to rein in spending at home and abroad. The effect will be no less severe: expect more closures to come. Over the past […]

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Retail Asia18/03/2016

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 boutique within a Japanese duty-free shop. With its gold-toned interior, the […]

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Retail Asia27/01/2016

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 industry has faced since the 2008-09 financial crisis, reports […]

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Retail Asia22/01/2016

Luxury goods retailer Richemont has reported its first drop in Christmas retail sales in seven years, citing a downturn in Asia and fallout from the Paris terror attacks. And worse may be in store in the fourth quarter for the Geneva-based owner of luxury brands including Montblanc, Cartier, IWC Schaffhausen, Net-a-Porter and Alfred Dunhill – […]

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Retail Asia17/11/2015

Richemont – Swiss parent of luxury brands like Cartier, Dunhill and Montblanc – is blaming a Hong Kong sales slump for a tough half year ahead. Reporting its half year figures on Friday, the company said it expected a “challenging second half” which led to an immediate nine per cent fall in its share price. […]

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Retail Asia13/10/2015

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British luxury fashion brand Burberry has opened its first Korean flagship store in Cheongdam-dong, Seoul where the flagship stores of foreign brands are gathered in one place. The 13 story Burberry Seoul flagship store comprises 13 storeys, two underground and 11 above. The exterior of the store is inspired by gabardine, the plaid textile used […]

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Retail Asia14/07/2015

Tiffany & Co has appointed Philippe Galtié to the position of senior VP – international. Galtie, who is currently with super luxury brand Cartier, will direct all of the sales channels for Greater China, Asia-Pacific, Japan and EMEA. He takes up the new post on August 17. Frédéric Cumenal, Tiffany & Co CEO, said, Galtie brings […]

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