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Retail and Luxury
SEA & Singapore's Retail and Luxury Markets
Southeast Asia's luxury market is expected to reach USD 33.2 billion by 2025, driven by a rising middle class with increasing disposable income and a growing appetite for luxury goods. Countries like Vietnam, Thailand, and Indonesia are witnessing significant growth in the luxury sector, attracting major international brands and investors. On another note, Local Southeast Asian luxury brands are gaining popularity, offering unique design aesthetics and competitive pricing.
In particular, Singapore is a thriving Luxury Hub: it is a major player in the global luxury market, ranking third in Asia (after mainland China and Japan) and 12th globally in terms of luxury sales in 2023. This position is attributed to its strong GDP, political stability, and strategic location as a gateway to Southeast Asia. Singaporean luxury consumers are increasingly experience-driven and digitally savvy, favoring personalized experiences and omnichannel shopping journeys. In addition, the online luxury market in Singapore is booming, with e-commerce sales expected to reach USD 4.2 billion by 2025.
Mission & Objectives
The Retail & Luxury Committee is a platform for collaboration and knowledge sharing between companies involved in the luxury goods and retail industry, fashion and high-end beauty activities. It aims to reinforce members expertise through knowledge and information sharing, best-practices.
This is an opportunity for experts from different sectors to meet regularly, to better understand facts and trends, to discuss common topics and support them in expanding their businesses.
Upcoming Events
Past Events
Event report
Past Event | Tapping into Emerging Retail & Luxury Markets in SEA
We had an incredibly insightful morning at the "Tapping into Emerging Retail & Luxury Markets in SEA" event. Our sincere thanks to Nick Bradstreet and...
Event report
Past Event | French Delegation at NRF Asia Pacific 2025
From 3 to 5 June 2025, the French Chamber of Commerce in Singapore – Team France Export, accompanied the French Delegation, led by Business France at...
Event report
Past Event | A Conversation with Melissa Ow, CEO of Singapore Tourism Board
Thank you to Melissa Ow, CEO, Singapore Tourism Board (STB) for an insightful discussion on the future of Singapore's tourism landscape focusing on...
Event report
Past Event | Business Networking Session: Exploring Art & Whisky as Alternative Investments
90% of Wealth Managers believe that art should be included in a balanced portfolio "There has never been a better time to invest in Art" Forbes ...
Event report
Past Event | How GenAI is revolutionizing the consumer products and retail industry
Generative AI (GenAI) is revolutionising the consumer products and retail industry, reshaping everything from customer engagement to supply chain...
Event report
Past Events | E-commerce in Southeast Asia: Navigating Challenges and Seizing Opportunities
Throwback on our last Retail & Luxury Committee meeting which explored the complex landscape of e-commerce in Southeast Asia. Our sincere thank you...
Business Insights
Analyses & Studies
Why Singapore is emerging as key launchpad for luxury retail in Asia
The city-state now has over 240,000 millionaires. Singapore is fast becoming the region’s key testing ground for global luxury brands, as sales surge...
Analyses & Studies
From Talk to Action: Paving the Way for a Circular Economy in the Consumer Goods and Retail Industry
As the global shift towards a circular economy accelerates, now is the time for businesses to unlock new opportunities for a more sustainable and...
Companies news
Only 50pc of luxury leaders expect higher profits this year versus 2023: study
Luxury leaders have a conservative outlook for 2024, with only 50 percent expecting higher or significantly higher profits compared to 2023. The...
Co-Presidents
VICE PRESIDENTS:
- Mollie Jean de Dieu - Longchamp
- Ibaham Math-Ly-Roun - Clarins
Contact: Coralie Vincens