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L’Oreal Groupe, together with Hotel Shilla and Anchor Equity Partners, launches SHIHYO, a newly created luxury beauty brand

indie
4 minutes

SHANGHAI, Nov 21, 2022 - (ACN Newswire via SEAPRWire.com) - L'Oreal Groupe, together with Hotel Shilla and Anchor Equity Partners, is launching a newly created luxury beauty brand 'SHIHYO' through Loshian, a third-party joint venture. This is the first time L'Oreal is launching a new beauty brand through a joint venture."SHIHYO" is a new luxury beauty brand launched by L'Oreal Groupe, together with Hotel Shilla and Anchor Equity Partners through a joint venture LoshianSHIHYO, which means "the wisdom of time," is a newly created skincare beauty brand inspired by the Asian wisdom of the 24 seasons. SHIHYO embodies the healthy energy of nature, powered by herbal sciences.The new brand is based on the naturality of 24 herbal ingredients harvested at the peak of each season, combined with proven efficacy based on scientific research and innovation. All formulas include the signature ingredient called ShiHyo24, a patented, nutrient-rich concentrate of the 24 herbal ingredients infused with fermented rice water and ginseng water.SHIHYO offers 24 different types of ampoules featuring 24 herbal ingredients, along with other skincare products such as facial cleanser, essence, and cream, as w...

SeaPRwire
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Luxury properties in S’pore selling like hot cakes

elean
7 minutes

Singapore may have leapfrogged many advanced cities, including Hong Kong, to be one of the most popular investment destinations for the rich and famous. Over the past decade, efforts to build the country's economic infrastructure and financial hub have raised its global profile and allure to wealthy investors. Why does Singapore appeal to the super-wealthy? And why are the ultra-rich buying luxury homes despite the economic uncertainties? Exponential growth in luxury home sales Luxury home sales have risen to a new high in more than 10 years. According to the Urban Redevelopment Authority (URA) data, private home sales in the core central region (CCR) jumped by almost 25 per cent quarter on quarter in the second quarter of this year to 1,930 units, the strongest quarter since the last quarter in 2010 when 2,014 units were transacted. They climbed by more than 4.5 times year on year. In the first half of this year, almost 3,500 luxury homes were sold, surpassing the annual sales from 2018 to last year. The landed housing segment has similarly seen a demand surge, with over 2,100 properties transacted islandwide in the first seven months of this year, almost triple the 780 transactio...

SeaPRwire

Luxe brands can no longer afford to ignore grey market

elean
6 minutes

(NYTIMES) - Imagine you are hunting online for a pair of square-toed slides from Bottega Veneta, one of the most-hyped luxury brands now. A new season pair can cost over US$550 (S$737) from the brand's website, an old-guard department store like Neiman Marcus or an e-commerce player like Net-a-Porter. But what if you chose to buy from Cettire, a website offering discounts of up to 30 per cent on the latest fashion styles? You would be a player in the multibillion-dollar luxury "grey" market, a fast-growing sales sector that has historically operated out of sight of most Western consumers. But with the arrival in recent years of firms like Baltini in Italy, Italist in the United States and Cettire, which listed on the Australian Stock Exchange at the end of last year, grey sales have been ending up in millions of digital shopping baskets. Unlike the illegal counterfeit goods found on the black market, the grey market sells authentic luxury products - but at a significant discount, usually between 15 per cent and 35 per cent, and with no contact with the brands. Through a practice sometimes known as parallel importing, grey market sellers take advantage of the varying pricing strateg...

ACN Newswire
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Strong Mainland China demand boosts Swiss watch industry

indie
9 minutes

HONG KONG, Sep 7, 2021 - (ACN Newswire via SEAPRWire.com) - Jointly organised by the Hong Kong Trade Development Council (HKTDC), the Hong Kong Watch Manufacturers Association and the Federation of Hong Kong Watch Trades and Industries, the special edition of the 40th Hong Kong Watch & Clock Fair and the ninth Salon de TE begin tomorrow at the Hong Kong Convention and Exhibition Centre. To help industry participants grasp the latest market information and trends and formulate strategies for post-pandemic growth, the three organisations hosted the Hong Kong International Watch Forum on 30 August. The forum invited watch association representatives from Mainland China, France, Germany, Hong Kong, Japan and Switzerland to share on the watch industry's current trade performance in the region and offer perspectives that can help the global watchmaking industry continue to move forward.Daniel Tsai, Chairman of the Federation of Hong Kong Watch Trades & Industries Ltd (centre), with Student Group merit award winners Chan Yin-kei (R), Lau Ka-ki and Ho Wing-kiu; champion Yip Tsz-yan; and first runner-up Ho See-long (L)"Insight", the creation of Student Group champion Yip Tsz-yanThe ...

SeaPRwire

Stake in luxury watch trade gives The Hour Glass an edge

elean
1 minute

SINGAPORE - It is the holy grail of business to have customers queueing up to buy your products. Not many companies operate under such fortunate circumstances, but this is not uncommon in the luxury products segment. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

SeaPRwire

Venture Capitalist Ng You Zhi Seeks to Invest in Luxury Car Dealership Startups

aseanpr
3 minutes

The young investment maverick sees a new potential in the luxury cars market with Singapore recovering from the COVID-19 pandemic. Singapore - With the city-state slowly but surely returning back to normal, business visionary Ng You Zhi takes on a new investment adventure, this time on the luxury car industry. "There's no stopping the luxury car market from growing," he says in a recent interview. "The pandemic has made us realise the salience of investing in things that matter, and that includes investing in ventures that continue to rise in market value." According to a report published by Fortune Business Insights, titled "Luxury Car Market Size, Share & COVID-19 Impact Analysis," the global luxury cars market size is projected to reach USD 655 billion by the end of 2027. "The rising disposable income across the world will contribute to the growth of the market in the coming years." Why invest in luxury car dealership startups "I am an avid fan of luxury cars," Ng You Zhi admits to even owning two in his garage. "But more than celebrating my passion, luxury cars have grown in demand over the recent years, but dealerships are only reserved to a limited few. With dealership st...