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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
Webinar | How ERP System help SMEs overcome challenges and grow their business: Retail and E-commerce cases
Led by speakers, Fabien Lauroua, Product manager - SAP Business Bydesign, TeamWork, and Apoorv BhatnagarDirector - Value Advisory, SAP, this webinar…
Event report
Past event: Retail Challenges in 2021 and how brands have to adjust to new customers
We have seen an explosion of ecommerce during the pandemic, with people buying almost everything online, from food, groceries, cosmetics and fashion.…
Event report
So Chic French Market Festival 2021
A three-day festival of French dining and shopping in the verdant ambience of The Pantry, located at Dempsey Hills.
Event report
Event: Clientele Evolution and Perspectives Amidst the Pandemic
At this insightful talk about Clientele Evolution and Perspectives in the Retail Industry, our speakers Adrien Grosso, General Manager South East Asia…
Event report
Retail Club - C-suite exclusive leader round-table on HR : Employee Engagement, Retention and Ambassadorship amidst Covid-19 challenged times
Together with the co-presidents of the Retail Committee, Mollie Jean De Dieu, Marie Baland and Eric Festy, the French Chamber organised…
Event report
Luxury for the Planet: Innovating design for a better future
Sustainability has become the pivotal buzz word of today. However, it’s a colossal topic which many have avoided until now for fear of change or…
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