Qeelin’s Post

Hong Kong is finally rebounding and it seems that luxury brands are viewing Hong Kong as an indispensable market, as demonstrated by the recent #LouisVuitton and Pharrell Williams show and Christian #Dior ’s upcoming plans to bring their fashion show to the city. however, shopping behaviors are evolving and visitors have been spending less on luxury shopping and more on exploring cultural and art experiences. One example of the city’s enduring status as one of the most important luxury and lifestyle markets in the world is the upcoming opening of the Sotheby’s House, a state-of-the-art immersive exhibition and retail space in Chater House in the first quarter of 2024. #myluxurymarketingclass #luxury #sotheby #hongkong

✨🛍️Uncover the key elements that create a remarkable boutique experience, leaving a lasting impression through ambiance, unique offerings, and attentive service.🛍️✨ #BoutiqueExperience #AmbianceMatters #UniqueOfferings #AttentiveService #LastingImpression #BoutiqueAmbiance #CustomerExperience #DistinctiveService #MemorableBoutique #UniqueShopping

Here's a guide to some of Hobe Sound's hidden boutique shops that are absolutely worth exploring.

WHAT EVERYONE OUGHT TO KNOW ABOUT WHAT’S POWERING LUXURY’S RECOVERY IN HONG KONG. In early 2024, Hong Kong's luxury retail sector is not just bouncing back but thriving, with Hermès leading the way by renovating its Causeway Bay store. The city's resurgence is bolstered by a remarkable 16.2% retail sector growth in 2023, positioning it as an attractive destination for high-net-worth individuals and tourists. Recent figures demonstrate Hong Kong's luxury market's strength, with K11 Musea reporting significant footfall and revenue increases, and Airport Authority Hong Kong experiencing a surge in retail revenues. Brands like Sotheby's and The Macallan are seizing opportunities in the revitalized market, hinting at a positive shift in retail rents. Looking ahead, luxury events like Dior's collection launch and Hermès' store expansion indicate a promising future for Hong Kong's luxury landscape. Despite challenges, the city's adaptability, coupled with a focus on experiential retail and cultural relevance, solidifies its position as a key player in the global luxury market. #hongkongluxury #experientialretail #luxuryrevival

Good News For Luxury Retail‼️ 560 Fifth Ave (corner of W46th St) a 13,580sf boutique building with 24,500sf of air rights & 125’ of frontage on 5th Ave, was just sold by the #RieseOrg to the Japanese Coffee Company #Geshary for $38M (listed for $45M) This sale marks the first change in ownership in 50 years and the priciest for an entire 5th Ave retail since the start of the pandemic. It has been leased to #Oakley Sunglasses, for the past 10 years & that lease expires in March of 2024. This sale, further signals that luxury storefronts are in the spotlight, Geshary joins other brands on the Avenue like #Rolex, #LouisVuitton & #TiffanyCo who have been undergoing extensive renovations to their storefronts & others, like #Chanel whose flagship, previously on 57th St, is opening soon directly on 5th for the first time! https://lnkd.in/egrGbZna #douglasellimanrealestate #retailnews #luxuryretail

Hong Kong's luxury and retail sectors are experiencing a remarkable revival. Despite challenges in the past, recent surveys show that the city remains competitive with Singapore in attracting talent and multinational corporations' regional headquarters. The reopening of Hong Kong's borders has revitalized the luxury market, with notable events such as Louis Vuitton and Christian Dior fashion shows taking place in the city. Art Basel Hong Kong is also set to return in 2024, featuring international galleries capitalizing on the city's affluent consumers and collectors. Christie's Asia Pacific has experienced strong buying momentum in luxury categories, surpassing its highest-ever annual total for luxury in Asia. The city's business-friendly policies and logistical advantages make it an ideal location for brands to establish their regional headquarters. Let's keep an eye on Hong Kong's exciting growth in the luxury and retail industries! #louisvuitton #christiandior #artbasel #christies #HongKong #luxuryindustry

Buben & Zörweg: Where Luxury Meets Impeccable Security What sets Buben & Zörweg apart is their unwavering commitment to craftsmanship. Each piece in their collection is a labor of love, meticulously handcrafted by artisans who blend age-old techniques with cutting-edge technology. The result? Safes and timepieces that are not only impenetrable fortresses but also works of art. Owning a Buben & Zörweg piece is more than just possessing a safe; it’s making a statement. It’s about embracing a lifestyle where luxury and security are intertwined, where your most treasured possessions are not just protected but showcased in the most sophisticated manner. Learn More: Buben & Zörweg: https://lnkd.in/gJq_C5ey 🇨🇭 Official Retailer Of BUBEN&ZORWEG #luxury #luxuryitems #luxurylifestyle

How LVMH Transformed a Miami Warehouse District into a Luxury Hotspot Miami's Design District has become a global hub for luxury shopping, boasting brands like Louis Vuitton , Loewe , Hermès ès, and CHANEL . But just 14 years ago, this area was filled with gritty warehouses and empty lots. So how did this transformation happen? A Shared Vision The key players were Miami developer Craig Robins and #LVMH #CEO @Bernard Arnault. Robins envisioned the Design District as a SoHo of the South, while Arnault saw the potential for luxury brands. Despite initial skepticism, they joined forces to create Miami Design District Associates. The Secret Sauce The success of the Design District goes beyond just luxury stores. Here's what makes it special: Art and Culture: The neighborhood seamlessly blends high-end retail with outdoor sculptures, murals, and museums. Flagship stores resemble art galleries, creating a unique experience. A Curated Experience: Robins is actively involved in curating the vibe of the district. He donated land for a museum and helped attract Michelin-starred restaurants and exclusive private clubs. The Results The gamble paid off. Today, the Design District enjoys: Soaring Rents: Asking rents have skyrocketed by 200% since 2019, the highest increase in North America. Increased Foot Traffic: Foot traffic has jumped 47% over the past four years, while other luxury shopping areas have seen declines. A New Miami: Miami is now seen as a cultural capital, attracting financiers, tech entrepreneurs, and the business elite. Craig Robins' Vision Robins' commitment to art, culture, and community has been instrumental in the Design District's success. He has helped create a vibrant destination that goes beyond just shopping. What do you think about LVMH's investment in the Miami Design District? #Miami #DesignDistrict #LuxuryRetail #RealEstate #UrbanDevelopment #Dubai #London #Paris https://lnkd.in/dKpTAR8M

𝗧𝗵𝗲 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝗶𝗲𝘀 𝗛𝗶𝗴𝗵 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗥𝗮𝘁𝗲𝘀 𝗖𝗮𝗻’𝘁 𝗧𝗼𝘂𝗰𝗵 "Luxury rents are resilient, but they aren’t rising fast enough to justify such hefty price tags for the buildings. Last year, rents increased 3% on Rodeo Drive and were flat on Upper Fifth Avenue, according to data from Cushman & Wakefield...What luxury retail properties do offer is scarcity. London’s Bond Street has 150 individual buildings. But because luxury brands are fussy about where they will open a flagship store, only around two-thirds of the street is considered posh enough, limiting their options." https://lnkd.in/e4kJy-5h

I spoke to Inside Retail Asia yesterday regarding Hong Kong’s accelerated retail reinvigoration through the lens of 2-TIMES — more specifically, how world renowned luxury brands counting Louis Vuitton, Hermès and Cartier, and even auction houses like Sotheby's are capitalising on favourable market conditions in 2024, to better position themselves for future success with the city’s globally distinguished ultra high net worth individuals. “Hong Kong’s luxury market is evidence of the city’s dynamism, however like China, the sector is still in recovery mode, and therefore brands and retailers alike need to consider a few key challenges…” See the full feature: https://lnkd.in/gPQC_s3a With thanks to Van Tong.