The Business Times

Luxury Goods

Lifestyle

TikTok Shop pushes into luxury retail with US$11,000 handbags

Inklings of improvement at luxury groups including LVMH (top), Richemont and Burberry Group have generated some optimism that the industry may have hit bottom.
International

Luxury goods market to return to growth in 2026, Bain predicts

E-commerce sales at Laopu Gold have surged more than 1,000 per cent during the first three quarters of this year compared with two years ago.
Global Enterprise

Why Chinese shoppers are choosing local luxury over LVMH

(FILES) Guests are seen inside the Galeries Lafayette store during its launch in Mumbai on October 15, 2025. The globe's biggest luxury brands have dreamt of India's vast consumer base for decades, but navigating the market has proven to be a complex task. French retailer Galeries Lafayette is the latest to try its luck, opening its first Indian store in Mumbai, the country's financial capital. (Photo by Punit PARANJPE / AFP)
Companies & Markets

Luxury houses eye India, but barriers remain

The Hour Glass announces an interim dividend of S$0.02 per share, payable on Dec 8.
Companies & Markets

The Hour Glass posts 23.2% rise in profit for H1 FY2026 to S$75.7 million

A new, targeted sales tax on luxury and branded goods and equipment can generate additional tax revenue, and also serve as a progressive tool to reduce income inequality .
Opinion & Features
LETTER TO THE EDITOR

Sustaining Singapore’s edge as a global financial and wealth hub

LVMH’s expansion comes as signs emerge that China’s luxury slowdown may be bottoming out.
Global Enterprise

LVMH nears China major store openings as luxury demand rebounds

Despite the increase in revenue, Cortina said its operating expenses — mainly staff costs, rental expenses, depreciation and other overheads — have also risen. 
Companies & Markets

Cortina’s H1 profit rises 10% to S$30.5 million amid stronger regional sales

One sticking point in the talks between the White House and Switzerland has been Switzerland’s gold refining industry.
Companies & Markets

Rolex, partners group take Swiss tariff plea direct to Trump

Satyaki Banerjee, group CEO of Luxasia, wants the company to stay entrepreneurial and agile, while investing in transformation and technology.
SGSME

Luxasia: The name behind big luxury brands’ presence in Apac, from Hermes to La Prairie

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