Rolex Archives - Inside Retail Asia
Luxury brand profits have stagnated in South Korea, with some labels trading at a loss.
Innisfree is launching in Indonesia in conjunction with Time International.
Faberge, owned by UK emeralds and rubies mining company Gemfields, is the latest in a growing list of global luxury brands to enter India.
Alibaba has teamed up with some of the world’s most-counterfeited brands to fight against fakes.
Japanese lifestyle brand Muji Canada is expected to expand to Vancouver next year.
Project X, a multi-brand boutique that caters to young creatives, has launched at Plaza Indonesia in Jakarta.
Seoul police busted four retailers on Monday for selling counterfeit products of luxury brands in Myeongdong, one of the busiest tourist and shopping districts in Seoul.
Takashimaya will open a Watch Maison shop in Osaka – its second following Tokyo a year ago.
Tudor Hong Kong fears the luxury watch market may get even worse this year as Chinese tourists shop elsewhere.
Hong Kong-listed luxury watch retailer Hengdeli Holdings has warned its shareholders to expect a 70 per cent drop in profit share.
Chinese watch retailer and wholesaler Hengdeli Holdings is to expand into the mid market as it mainland China business grows.
Rolex sales are soaring in Singapore, and other Asian cities as the Swiss franc’s value rises rapidly.
Staff of Singapore’s highest profile luxury watch chain The Hour Glass told AFP sales of Swiss brands have risen markedly in recent days, especially of Rolexes.
Most of its stores along Orchard Rd sold 25 to 30 Rolexes each day last weekend – far more than the usual five or six. Most sales were of ‘entry level’ models, costing S$10,000 upwards.
Some stores are running out of st…