Luxury Goods

India’s luxury promise hits a wall: not enough malls to shop in

The country now ranks fourth globally in the number of individuals with wealth above US$100 million

Low levels of vacancy on popular shopping streets have put pressure on prime rents, which grew by 3.5% last year.

Luxury brands from LVMH to Kering defy slowdown with more new store openings in Europe

Fragrances have been particularly popular due to their lower price point when compared to items such as jewellery and watches

Few shoppers are heading to the sprawling Dubai Mall at the base of the Burj Khalifa as the US-Israel-Iran conflict drags on.

In Dubai, the world’s luxury brands face a wartime crisis

Sales in the Middle East will be cut in half in March amid a sharp drop in foreign visitors, a report finds

A separate index tracking pre-owned Patek Philippe prices has gained 18% since the start of 2025, compared with a 10% rise in the Rolex index, according to Subdial

Top-tier Patek Philippe models drive gains in second-hand market

Subdial also says that the steep rise in raw material prices, including gold and silver, was affecting the market

Consumer confidence in China, which accounts for about a quarter of luxury spending, has been hit by a prolonged property crisis and job concerns.

China luxury market forecast to rebound in 2026: Bain

This is due to a growing middle class, rising consumer confidence and policy measures that spur domestic consumption

Recent data shows Nanjing Deji Plaza (above) has leapfrogged long-time leader Beijing SKP to become China’s top-performing luxury mall.

First-class goods in second-tier cities as luxury goes local in China

Luxury spending in second-tier cities exceeding first-tier

Luxury companies have been struggling to bounce back from a slump that followed a post-pandemic boom.

LVMH suffers sluggish sales of high-end fashion and handbags

In uncertain times, consumers see gold necklaces, bracelets and the like as better stores of value than trendy handbags

Johnathan Hanh Nguyen is the founder and chairman of Imex Pan Pacific Group, which has interests in high fashion, food and beverage, duty-free retail and airport services.
BEHIND THE NAME

Rolex to runways: Vietnam’s luxury retail king leads a family empire built on discipline

Johnathan Hanh Nguyen is now looking to grow his half-a-billion-dollar conglomerate some more

There are three orange models in the new Planet Ocean family, including an all-orange strap option.
WATCHES

Omega makes a deep dive into Planet Ocean

The latest remake of its best-selling diving watches is both impressive and festive for the Year of the Horse