Filed under: Jewelry
Luxury brands are struggling to find footing in today's rough economic climate but there was no sign of that during Cartier's official opening of its biggest boutique in the Middle East. The over 7,500-square-foot showroom in the Dubai Mall is the brand's third in store in Dubai. The opening event was attended by actress Monica Bellucci and Bollywood stars including Anil Kapoor.
The store had its soft open three months ago but Cartier President and Chief Executive Officer Bernard Fornas tells the Khaleej Times that even with the economic slowdown business has been good and that the store is an investment in the future. When the economy recovers, Cartier will be waiting with a huge store in one of the world's biggest malls. Dubai remains a key spot for luxury brands because it is visited not just by rich Emiratis but by the emerging wealthy from China and India.