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Singapore a top luxury market: LV chief

That's why Louis Vuitton chose Republic to launch its high jewellery collection

Published on Aug 25, 2014 6:31 AM
Louis Vuitton chief executive Michael Burke says Singapore has all the ingredients for it to remain a top luxury market destination. The country is home to a nomadic wealthy clientele who are the best luxury customers. -- PHOTO: DENIS ROUVRE

Singapore is one of the world's top luxury markets - no matter what happens elsewhere.

Louis Vuitton's chairman and chief executive, Mr Michael Burke, told The Straits Times that this was one of the reasons why the fashion chain chose the Republic to launch its Acte V high jewellery collection.

"China can boom and tomorrow Africa will boom," he said. "But Singapore will always be a top market... It has great governance, geographic location, people, urban planning. All the ingredients for it to remain a top destination, regardless of what happens in the rest of the world."

The five-day showcase of 117 jewellery pieces was held here last month. It included 36 from the Acte V collection which was premiering for the first time outside of the brand's home ground, Paris.

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