Event report
Past Event| Outlook 2023: Eyes on the Chinese Retail & Luxury Market
Thank you to our esteemed speakers, Fabienne Pellegrin, Partner at LBB Asia, and Josh Gardner, CEO & Co-Founder of Kung Fu Data - China Digital…
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
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Past Events
Event report
Past Event| SITE VISIT with Remy Cointreau: Louis XIII The Drop: Innovation in Cognac to reach new clients
What a fantastic experience we had with Remy Cointreau at Louis XIII The Drop pop-up store! Thank you to Arnault Brunet, General Manager Shared…
Event report
Past Event| Digital Transformation & Innovation with Decathlon
We had the great pleasure to be invited by Stephan Veyret, CEO Decathlon Singapore, and his team for an exclusive presentation of Decathlon’s newly…
Business Insights
Companies news
Tip Of the Month: Key elements of your eCommerce website
Let's speak friendly digital! Marie Nadal Sharma, Founder & Director of Them You & Me shares tips about demystifying e-commerce website.
Companies news
Criteo: Six trends APAC brands should leverage in 2021
Criteo’s Kenneth Pao outlines six trends that marketers will need to pay attention to, in order to optimise the potential for a successful 2021.
Publications
FOCUS 73: Tailoring The Future Of Smart Fashion
Claire d’Herbomez-Paing, Sales Director at Heuritech, shares about the company's artificial intelligence-powered platform that offers predictive…