2022 Event Highlights – Session Nine – The New Consumer
Event Highlights
Session Nine: The New Consumer
As markets continue to navigate public health, financial and political headwinds, how will consumers respond? Are they still interested in luxury? How have retail and real estate changed?
Below are some highlights from the session.
Harrod’s Ward on Rethinking Luxury
Harrods has delayed its famed summer sale as the new season’s goods have been caught up in global supply-chain snags, according to the London luxury emporium’s managing director.
“Our supply chain is running two to three weeks behind where it should be,” Michael Ward, Managing Director, Harrods said. “A good example of that is we’ve just delayed the summer sale for two weeks because I need another 10% of new-season stock to allow me to function into the new year.
Joe and the Juice CEO on Global Retail
Joe & The Juice CEO Thomas Noroxe said an IPO is probable in the next 12 to 24 months and a US listing is more likely than in the company’s home market of Denmark.
“We are owned by private equity, so we always need to be ready to go to the big stage,” he said. “An IPO is a very feasible next step for Joe & The Juice. We have great growth plans going forward to really be a high grower in the industry.”
Damac’s Sajwani on Real Estate Market
Billionaire Hussain Sajwani said Dubai’s property market remains resilient as it attracts wealthy European investors amid rising inflation and the threat of an economic downturn.
The market is doing well and “the demand is there,”Hussain Sajwani, Founder, Damac Properties said. “We had four years of slowdown so a lot of supply was being kept away.”
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