Sustained by robust growth in the global luxury retail business, luxury goods manufacturer Montblanc, recognized worldwide for its classic timepieces, jewelry, leather goods and writing instruments opened an exclusive boutique in Kuwait’s Avenues Mall Phase II recently.  The boutique is the largest Montblanc boutique in the Middle East region.

Speaking to reporters at the venue after the inauguration, Sonke Tornieporth, Montblanc Vice President Sales, GBU Central said “The boutique in Kuwait underlines a paradigm shift in our regional focus as we place more emphasis on the watch and jewellery segment of our business along with the leather goods and writing instruments business.”

MontblancSustained by robust growth in the global luxury retail business, luxury goods manufacturer Montblanc, recognized worldwide for its classic timepieces, jewelry, leather goods and writing instruments opened an exclusive boutique in Kuwait’s Avenues Mall Phase II recently.  The boutique is the largest Montblanc boutique in the Middle East region.

Speaking to reporters at the venue after the inauguration, Sonke Tornieporth, Montblanc Vice President Sales, GBU Central said “The boutique in Kuwait underlines a paradigm shift in our regional focus as we place more emphasis on the watch and jewellery segment of our business along with the leather goods and writing instruments business.”

“Our regional expansion plan entails the opening of new boutiques in the current fiscal year inclusive of our own outlets as well as through franchise partners and Kuwait is a prominent part of this expansion drive,” remarked Mr. Tornieporth

Commenting on the reasons for choosing Kuwait for the boutique opening, Mr. Tornieporth said that luxury products were well received in Kuwait because of the country’s booming economy. “Oil in Kuwait was discovered in the late 1930s and since that time, the country has become one of the most influential economies in the Middle East. With an estimated 10% of the world’s oil reserves, every sector has reaped the benefits of oil profits,” he stressed.

“Kuwait is an affluent, relatively open economy that has been boosted by high oil prices in recent years resulting in a positive fiscal situation,” observed Mr. Tornieporth.

Tags: avenues mall, current fiscal year, dis, dl, ela, expansion drive, expansion plan, fiscal year, goods manufacturer, inauguration, ins, leather goods, luxury goods, luxury products, montblanc boutique, oil prices, paradigm shift, regional focus, retail business, robust growth, vic

Related posts

• Fur is alive and kicking, despite campaigns
• Weekly entertainment calendar
• Waving to the universe
• Virus holds potential to shake the globe
• U.S. passion for guns has roots in hunting