Tuesday, March 13, 2012

Goyard store to open at Takashimaya next year

SINGAPORE: Singapore-listed fashion and lifestyle group F J Benjamin Holdings plans to open Goyard, a French luxury brand, at Takashimaya Shopping Centre along Orchard Road next year.

In a filing with the Singapore Exchange, F J Benjamin said the opening of the standalone flagship store in Singapore is slated for the fourth quarter of 2013.

This comes on the heels of the successful launch of the brand's Hong Kong store at The Peninsula in February 2011.

F J Benjamin is the exclusive retailer for Goyard in Singapore and Hong Kong.

The company said customers in Singapore can look forward to a full collection of trunks, bags and accessories at the store in Ngee Ann City.

Despite the uncertain global economic outlook, F J Benjamin posted a 16 percent increase in net profit after tax to S$4.6 million for its second quarter ended 31 December 2011 due to higher revenues in key markets.

The robust consumer spending in Singapore and Malaysia helped lift the company's revenue by 18 percent to $109.9 million, from $93.1 million in the previous year.

- CNA/al

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