Vacheron Constantin Archives - Inside Retail Asia
Timepiece brand Vacheron Constantin is reopening its Singapore boutique at Ion Orchard, debuting its new retail concept.
Richemont sales in Asia Pacific surged 20 per cent in the first half of this year.
Richemont Group says it expects an 80 per cent increase in net profit for the six months to the end of September.
Richemont Asia-Pacific sales soared 23 per cent in the five months to the end of August, with China and Hong Kong performing particularly well.
Richemont results released Friday in Europe showed group sales down 4 per cent, with watches down 15 per cent.
DFS Group has completed T Galleria by DFS, City of Dreams in Macau following a 12-month expansion.
Luxury brands need to embrace new technologies, a Luxury Society event in Shanghai has been told.
As Richemont sales continue to fall, the luxury brand owner has axed its CEO role and continues to cull stores as Chinese buy fewer watches.
Richemont Asia stores are set to be culled as the company reports sagging sales everywhere in the region except Mainland China.
In a first for the market, a TimeVallee Watch Boutique has opened inside Japan Duty Free Ginza, in the Mitsukoshi Ginza Store in Tokyo.
In a Tokyo department store, Japan Duty Free Ginza services foreign travellers and Japanese air passengers before their departure.
The Watches & Wonders exhibition in Hong Kong may be cut back to every two years in the face of slipping luxury sales.