Van Cleef & Arpels Archives - Inside Retail Asia
Revenue for The Shoppes at Marina Bay Sands set a new record last year as the centre achieved an occupancy rate of 95.4 per cent.
Richemont sales in Asia Pacific surged 20 per cent in the first half of this year.
Double-digit growth in Mainland China, Hong Kong, Korea and Macau have helped boost Richemont sales.
Asia Pacific accounted for 39 per cent of group sales for Richemont’s half-year to September 30.
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.
A transformation of Shanghai’s Plaza 66 will redefine luxury retail in China, says owner Hang Lung Properties.
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.
Richemont Asia stores are set to be culled as the company reports sagging sales everywhere in the region except Mainland China.
The Watches & Wonders exhibition in Hong Kong may be cut back to every two years in the face of slipping luxury sales.
Taubman Asia, managing the Macau Studio City retail component, has named the tenants already signed up.