United Arab Emirates Luxury Goods News

Recent industry report about United Arab Emirates Luxury Goods company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ United Arab Emirates Luxury Goods Market industry experts.

United Arab Emirates Luxury Goods News

  • March 2022: Kering Group's Gucci debuted its glittering high jewelry pieces encompassing necklaces, rings, and bracelets in the United Arab Emirates. The jewelry pieces are created using white gold, white diamonds, and sapphires in many hues.
  • July 2021: Versace unveiled its new boutique at The Galleria Al Maryah Island, Abu Dhabi. The new boutique spans 152 square meters and features a full selection of Versace ready-to-wear fashion and accessories for men and women.
  • May 2021: A new Rolex Boutique was opened at The Galleria Al Maryah Island in Abu Dhabi, the capital of the United Arab Emirates. The boutique features a "watchbar" and various seating areas where clients are welcome to sit, as well as a VIP room that proudly displays the extensive collection.
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  • April 2024: LVMH Moet Hennessy Louis Vuitton brand Hubolt launched two new ceramic collections, Polished Orange Ceramic and Dark Green Ceramic. Both collections are limited to 250 pieces.
  • April 2024: Chanel unveiled its official offerings, J12 Caliber 12.1, J12 Diamond Tourbillon Caliber 5, and Monsieur at the 2024 Watches & Wonders. The company also launched the Superleggera Intense Black Edition and several pink editions.
  • April 2024: Chanel unveiled its latest collection, which highlighted pink editions, remarkable calibers, the Couture o’Clock capsule collection, and more. The collection also included the limited-edition J12 WHITE STAR COUTURE WATCH that featured diamonds on white ceramic baguettes.
  • June 2023: Saint Laurent Paris and Girard-Perreguax launched a limited-edition digital watch, the Casquette. The watch features an LED display with quartz movement. The company made only 8000 watches.
  • August 2022: Casio launched the first G-Shock smartwatch powered by Google's OS Wear. The smartwatch is designed for outdoor sports, including surfing and snowboarding. The watch is available in blue, black, and red colors. The watch has a titanium carbide finish and is water resistant up to 200 meters.
  • March 2022: The Swatch Group Ltd announced a partnership between two brands, Swatch and Omega, to launch its new product, Bioceramic MoonSwatch. All designs in the collection come in Swatch's patented Bioceramic, a mix of ceramic (two-thirds) and a material derived from castor oil (one-third).
  • September 2022: As an ode to the Chola Dynasty, which is considered a golden age of Indian history, Tanishq launched its new exclusive collection The Chola, which is an ode to the dynasty.
  • August 2022: A new collection of Empreinte Fine Jewelry has been launched by Louis Vuitton. In the Empreinte collection, the design of the collection draws inspiration from Maison's emblematic codes.
  • August 2022: Pandora launched a new line of jewelry known as the 'Pandora Brilliance' in the United States and Canada. This line features diamonds produced from 100 percent renewable energy, grown in the United States.
  • In September 2022, BBK Electronics Corporation subsidiary OnePlus announced the launch of its smartwatch series 'Nord' in India. The OnePlus Nord Watch has a 1.78-inch AMOLED display with a refresh rate of 60Hz. It boasts a peak brightness of 500 nits. The smartwatch features 105 different sports modes. The device's key features are monitoring blood level, stress, and heart rate.
  • In September 2022, BBK Electronics Corporation subsidiary Realme launched the Realme Watch 3 Pro in India. The watch was launched on September 6th via retail channels like Flipkart and other Realme India Channels.
  • In December 2021, Titan launched its new smartwatch with best-in-class features by introducing various products backed by powerful tech features. It has long been expected to expand into the arena of smartwatches in Bangalore and Karnataka.
  • November 2022: The New Concepts Nordstrom platform and the British luxury brand Burberry announced the debut of Concept 019: Burberry with the introduction of a capsule collection and several in-store installations. The capsule collection includes outerwear staples, including trench coats and puffer jackets, while ready-to-wear and accessories for men, women, and children include graphic T-shirts, knitwear, tailoring, bags, shoes, and scarves.
  • September 2022: Hermès International S.A. announced the opening of a new duplex store offering a range of premium apparel within the Union Square shopping mall in Ho Chi Minh City, Vietnam.
  • February 2022: LVMH announced its plans to acquire the United States-based luxury brand, Ralph Lauren. The company intends to increase its worldwide brand development. In a developing market like Saudi Arabia, where Ralph Lauren already has an omnichannel presence, this purchase will allow brands to mold themselves according to the region's demographic trends and deliver new-end products to Saudi consumers.
  • January 2022: The L'Oréal Group introduced Colorsonic and Copyright, two cutting-edge innovations in beauty technology for customers and hairstylists. Both are portable, light devices with color applications. Colorsonic is for consumer use and Copyright for hair salons.
  • September 2022: Amorepacific announced the acquisition of a luxury clean beauty brand Tata Harper, a pioneer in natural luxury skin care. By acquiring the brand, Amorepacific will expand its products in the Americas and Europe.
  • May 2021: Amorepacific launched a customized bath bomb service called 'Bathbot'. Customers can choose 14 types of bath bombs with different flavors and fragrances. The service will be available in Amore stores at various locations in Korea.
  • June 2024: Nike launched the Converse Run Star Trainer, a low-profile shoe built from the ground up, combining retro and modern aesthetics. The silhouette is inspired by Converse’s deep history in sport but designed for modern life.
  • June 2024: PUMA announced a worldwide partnership with HYROX, the world series of fitness racing. The partnership sees PUMA become the official apparel and footwear partner for all HYROX races from 2024 to 2027.
  • June 2024: PUMA launched training shoes named Deviate NITRO 3, engineered with NITROFOAM technology to deliver supreme cushioning and responsiveness.
  • April 2024: Nike unveiled its latest collection of golf shoes, the 2024 Masters edition. These limited-edition shoes are available in three colors: classic white, sleek black, and vibrant blue.
  • March 2024: Adidas introduced the Ultimate365 golf apparel range, featuring innovative material concepts known as TWISTKNIT and TWISTWEAVE. These new technologies work at the fiber level to enhance performance uniquely.
  • March 2024: Puma expanded its golf footwear range with the release of GS-X EFEKT. These shoes are available in multiple colors for men’s sizes 7-12, and women’s sizes 4-8. All models come with a one-year waterproof guarantee.
  • February 2023: Acushnet Holdings Corp. acquired all relevant Club Glove trademarks, domains, and products from West Coast Trends Inc. Club Glove is a market leader specializing in premium performance golf travel products.
  • May 2024: Adidas launched the SS24 Paris collection for clay season in Germany. The collection includes a core 8-piece range of apparel to help raise awareness of Adidas’ annual Move For The Planet activation.
  • May 2024: Under Armour collaborated with golf player Kris Kim, who used Under Armour’s latest golf apparel and UA Drive Pro footwear. 
  • April 2024: Adidas launched sports apparel for the Paris 2024 Olympic and Paralympic Games. To show its passion for the sport, Adidas featured it across apparel created for its 15 officially sponsored teams.
  • April 2024: LVMH Moet Hennessy Louis Vuitton brand Hubolt launched two new ceramic collections, Polished Orange Ceramic and Dark Green Ceramic. Both collections are limited to 250 pieces.
  • April 2024: Chanel unveiled its official offerings, J12 Caliber 12.1, J12 Diamond Tourbillon Caliber 5, and Monsieur at the 2024 Watches & Wonders. The company also launched the Superleggera Intense Black Edition and several pink editions.
  • April 2024: Chanel unveiled its latest collection, which highlighted pink editions, remarkable calibers, the Couture o’Clock capsule collection, and more. The collection also included the limited-edition J12 WHITE STAR COUTURE WATCH that featured diamonds on white ceramic baguettes.

UAE Luxury Goods Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)