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French Chamber of Commerce in Singapore • SingaporeRetail 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
C-Suite Roundtable: Desirability of Retail jobs (versus current perception of the market) and Engagement & Retention
Thank you to Isabelle Larche, Director at Timeo-Performance, who was our guest speaker at our C-Suite Exclusive Leader Roundtable this month.…
Event report
E-Commerce & Sustainability: The examples of Decathlon SG & Lyreco
Thank you to our speakers Félicia Ravé, E-commerce City Operations Leader at Decathlon Singapore, Mary Kon-Sun-Tack, Customer Experience Director and…
Event report
ESSEC-FCCS C-Suite dialogue: The Art of Clienteling
Thank you to our panel speakers Yosser Zmitri, General Manager, L'Oreal Luxe SAPMENA and Hugues de Pins, Managing Director, South East Asia and…
Event report
Fireside Chat: Digital Brand Building with TikTok
Thank you to our speakers Imane Laasri, Marketing & Communication Director, Singapore, Malaysia ASEAN, Cartier, Pierre-Olivier Guy, Chief Digital and…
Event report
Webinar | Travelling under the new “norms” - opportunities for prestige brands
In this webinar, Samson Chai, Marketing Dept. Director at Trip.com Group and Xiaolei Gu, Innovation Director at Fabernovel Asia discuss Chinese…
Event report
Webinar | Decoding the Singapore Affluent consumer in 2021
In this unique webinar, we had the pleasure of hosting Amrita Banta, from Agility Research, who shared topline insights from Agility's annual…
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…
Co-Presidents
- Mollie Jean de Dieu - Longchamp
- Chris Chong - LVMH
Contact: Coralie Vincens