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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: A Fireside Chat with Yannick Bollore, CEO HAVAS Group and Chairman Supervisory Board at Vivendi
We had the pleasure of hosting Mr. Yannick Bollore in an insightful discussion about the evolution of consumer and brand behaviours across 2020 and…
Event report
Meet The CEO #21 - CHRISTIAN DIOR
The French Chamber of Commerce organised the 21st edition of MEET THE CEO on Dec 4 2020 with Adrien GROSSO, General Manager South East Asia & India at…
Event report
Webinar: UX Design Strategies to conquer the final battleground towards business success
In the new reality, taking your customers’ considerations into account is ever more important. Change is constant, with strategies that just six…
Event report
Business Accelerator Lab - 20 Oct 2020
The first session of the digital version “Business Accelerator Lab – Get back on track” was with Matthieu Chauveau, Co-Founder and CEO of SCEONA. He…
Event report
Webinar: Affluent consumer mindsets in the post-COVID world
In this cross-border webinar curated and presented by the French Chambers in Hong Kong, Japan and Singapore, this session featured an opportunity to…
Event report
Webinar: A Conversation with Mr. Lee Chee Koon, Group CEO at CapitaLand
CapitaLand Limited (CapitaLand) is one of Asia’s largest diversified real estate groups. Headquartered and listed in Singapore, it owns and manages a…
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