Hongkong Land Limited, a major luxury real estate developer in Hong Kong, has revealed plans to invest more than $1 billion in revamping its flagship Landmark shopping mall project. Hongkong Land said that Landmark, a luxury destination located in Hong Kong’s Central district, will be transformed into an “ultra-luxury destination of tomorrow” with 10 multistory storefronts. Ten of Hongkong Land’s top tenants including Cartier, CHANEL, Christian Dior Couture, Hermès, Louis Vuitton, PRADA, Saint Laurent, Sotheby's, Tiffany & Co. and Van Cleef & Arpels — will contribute a total of $600 million to the renovation. That amount exceeds the more than $400 million being invested by the landlord. Read more : https://lnkd.in/excZzAhT
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🌟 Discovering the Intersection of Fashion and Real Estate: A Paradigm Shift in Luxury Living 🌟 Exciting times ahead! Luxury fashion icons such as Giorgio Armani , Fendi and Bulgari are venturing into the realm of real estate, reshaping the landscape of opulent living. These esteemed brands are not merely constructing buildings; they're crafting immersive experiences that redefine the very essence of luxury. From residential complexes to commercial spaces, each development reflects the unique ethos and heritage of its fashion powerhouse. This strategic expansion signifies a pivotal moment where fashion transcends garments and accessories to influence the spaces we inhabit. But what's truly captivating is the financial allure of these branded residences. Investors are flocking to these properties, enticed by the promise of prestige, superior design, and unparalleled amenities. It's a testament to the enduring appeal of luxury, even in the realm of real estate. As a business administration student, I'm fascinated by the strategic intricacies and market dynamics driving this convergence between fashion and real estate. #LuxuryRealEstate #FashionBrands #BusinessAdministration #Entrepreneurship If you want to learn more about the subject, take a look at this article: https://lnkd.in/dPSrAt4U
Luxury Fashion Brands in Real Estate: Crafting Spaces of Elegance - HKK Hakken Real Estate
https://hkk.pt/en/
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Former Louis Vuitton CEO Michael Burke is eagerly announcing plans to establish a complex with the world's first Louis Vuitton Hotel and the largest store in an area boasting a captivating view. Stretching from the Eiffel Tower to Notre-Dame de Paris, this magnificent panorama demonstrates that the project is in a perfect location. LVMH company has revitalized the surrounding neighborhood with La Samaritaine shopping center and Cheval Blanc hotel. Now, Louis Vuitton is preparing to transform its 400,000-square-meter center into an experiential space named "LV Dream," which will showcase collaborations with artists and designers, host a gift shop, and feature a café and chocolate shop operated by Maxime Frédéric. Fashion and luxury brands are venturing into the hospitality sector, considering the increasing interest of consumers. LV Dream will be the first exhibition space in the heart of Paris and is poised to welcome thousands of visitors daily. At the same time, Louis Vuitton aims to play a significant role in the reevaluation of city centers. This captivating complex adopts an approach that goes beyond office spaces, aiming for a more efficient and ecologically sustainable use of the building. Additionally, it is expected that other luxury brands may turn to similar hotel projects. Whether the recently appointed CEO Pietro Beccari will make any changes to this project remains uncertain. #brandnews #louisvuitton #marketing #magicalawakening
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Managing Partner, Voyage Hospitality Group | Luxury Travel & Hospitality Leader | Revenue & Growth Specialist | Marketing & Brand Strategist
Luxury brands are in a real estate race. As flagship stores continue to rise in popularity, luxury brands must meet this demand in big ways. Buying real estate in some of the biggest cities is a challenge, as luxury brands need to find their landmark locations, and second-tier brands struggle to stay in business on the luxury streets—Fifth Avenue in NYC. We are not likely to see luxury brands take a step back, which puts other brands in a precarious position. Is there a way to balance the two? Or will the demand for luxury flagship stores win out? #LuxuryBrands #RealEstate #FlagshipStores #Luxury
Luxury’s Latest Battleground: Real Estate
businessoffashion.com
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Going to where your consumer is, is nothing new - but when it comes to the luxury sector, brands are putting a new spin on it 👀 As the over-reliance on the Chinese market continues to rear its head, many luxury brands are looking to curtail losses. One way in which they are doing this, is to look beyond the high-footfall (and highly-competitive) luxury malls and doubling down on much more niche, but highly-affluent neighbourhoods - with a wealth of luxury brands opening boutiques that cater to the super-rich. Most recently, Christian Dior Couture opened its doors at the Shellona private beach club in St.Tropez and similarly Off-White launched it’s latest outpost in the equally exclusive Porto Cervo resort in Sardinia (Population 421!). Following suit Fendi recently opened a new boutique in Honolulu while CHANEL went even more niche with a summer-house-come-retail space in East Hampton (considered America’s most beautiful village). Are you ready to take luxury retail in a new direction? Let’s Talk. https://lnkd.in/ecj4F3hU #luxury #superrich #retaildesign #designcommunity
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Thank you, Debra Kamin of New York Times for your insightful article on the dynamics of the branded real estate market. From Fendi, Missoni, Porsche to Bentley, the branded products many shoppers are buying, aren’t items you can take home. They are homes. Branded real estate is surging: The market for branded luxury condominium units is projected to grow by 12 percent each year between now and 2026 according to Knight Frank. Branded property is one of the most significant areas of growth in the real estate industry. Future Living is here. Stay tuned. #luxury #knightfrank #knightfrankmiddleast #brandedresidences #brandedrealestate #brandedproperty
The Latest Cool Amenity? A Name Brand. How About Porsche?
https://www.nytimes.com
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Explore the luxury retail sector with a global brand synergy. Develop elegant retail spaces that are earmarked by ethereal luxury and elegance. #FTV #FTVRealEstate #FTVOutletMalls #Business #BrandValue #Opportunites #Malls #FactoryOutlet #Opportunity #Luxury #Lifestyle #Development #FashionTVIndia
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As the allure of the Indian luxury market continues to captivate global players, a procession of internationally renowned luxury department store brands sets their gaze upon this land of opportunity. Aditya Birla Fashion and Retail Ltd. (ABFRL), a revered name in the Indian market for fashion and luxury, has formed a historic partnership with Galeries Lafayette, the illustrious French luxury department store chain. This remarkable collaboration reveals grand ambitions for establishing opulent emporiums that will offer customers a curated shopping experience by bringing together the best of Indian and French fashion. The flagship stores in Mumbai and Delhi, envisioned as architectural marvels that transcend time and exude an aura of elegance, will sprawl across vast expanses, stretching their lavish embrace over 90,000 square feet and 65,000 square feet, respectively. These palatial structures are expected to grace the urban landscape by 2024 and 2025. Words by Esha Aphale.
Opulent Sanctuaries: India’s Luxury Awakening.
https://svasalife.com
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Ask anyone and they’ll tell you that LVMH is in the consumer luxury business first and foremost, but this global conglomerate known for Louis Vuitton, Christian Dior Couture, Moët Hennessy, Tiffany & Co. and 71 other luxury brands is (and has been) totally focused on real estate. If you ask GROUPE ARNAULT’s Michael Burke, who is head of LVMH Fashion Group, the division that comprises eight of the conglomerate’s fashion brands, including CELINE and Loewe, and has long worked on the company’s real estate projects, he’ll tell you, “All roads lead to real estate.” Take the Miami Design District with its 30 acres of designer shops, restaurants, a school, offices, a hotel and soon to house residences. This once Miami industrial warehouse district was transformed over many years by Craig Robins of Dacra and L Catterton, the private-equity arm of luxury giant LVMH. In the Design District, LVMH claimed two of the four prime corners for Louis Vuitton and Dior, while the other two were assigned to Hermès and Cartier — both competitors. But in keeping with the mantra of the shopping center industry where the strongest retail concepts located together will bring the most customers for the benefit of all retailers and the landlord of the site, retailers were happy to coexist and compete with each other for business. In the U.S. in the 2010s and the 2020s, retail projects have undergone a mixed-use conversion just as things are in most of the rest of the world. “We take something that does not exist and when we’re done, a city center has been created with the residential, retail and cultural aspects to it,” said LVMH’s Burke. Real estate investments from LVMH include properties around the world in prime locations like Paris’ Champs-Elysées, New York’s Fifth Avenue and Beverly Hills’ Rodeo Drive to ensure its brands can remain in locations where they have spent decades building a presence.
You Know LVMH for Its Luxury Bags. It’s Also a Titan of Real Estate.
wsj.com
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Explore the nuanced world of high-end brokerage with our tips to comparing Luxury Real Estate Brands vs. Luxury Boutiques.
Luxury Real Estate Brands Vs. Luxury Boutiques: Weighing The Pros And Cons
https://reluxeleaders.com
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#thankyou Pamela Danziger Forbes for the #interview I believe in the #power of the #american #consumer but also appreciate the nuance of the #data presented in your piece #retail #luxury #luxurybrands #business #commerce
Speaker, Author, Researcher and Forbes.com Senior Contributor on Luxury, Retail and Affluent Consumers
New York City is enjoying a luxury real estate boom, but I'm not sure more and bigger stores are going to move the needle for brands with all the headwinds blowing against them outside the stores. Read about it in my latest Forbes post, with Thomaï Serdari and J.N. Kapferer Hermès CHANEL #luxurybrands #luxuryretail #newyorkcity #tourism #luxurymarket Bain & Company Altagamma #luxuryconsumers #HENRYs
As Luxury Brands Expand In New York City, Their Success May Be Delayed
forbes.com
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