Luxury goods

The Collapse Of The Global Luxury Goods Market

Global demand for personal luxury goods has been steadily increasing for decades, resulting in an industry worth US$308 billion in 2019.However, the insatiable desire for consumers to own nice things was suddenly interrupted by the coming of the COVID-19 pandemic, and experts are predicting a brutal contraction of up to one-third of the current luxury goods market size this year.Will the industry bounce back?

30 May 2020
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ASEAN’s Premier Shopping Destination

Despite the various challenges facing retailers across the region, The Shoppes at Marina Bay Sands continues to be one of ASEAN’s premier shopping destinations.The luxury mall beneath what is perhaps Singapore’s most famous building – the Marina Bay Sands hotel – The Shoppes’ nearly 800,000 square feet of retail space occupied by brands such as Gucci, Louis Vuitton and Chanel attracted a daily average of 120,000 shoppers last year.Unaffected by the sluggish global economy and the reg

18 June 2019
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