logo
Etro makes Southeast Asia real estate debut with new Phuket residences

Etro makes Southeast Asia real estate debut with new Phuket residences

Fashion Network29-04-2025
Etro has announced plans for its Southeast Asian real estate debut with "Etro Residences Phuket', a new development that marries luxury design with an integrated brand experience by the Italian luxury fashion house.
Designed in partnership with Amal Development and The One Atelier, the Etro Residences Phuket is comprised of luxury dwellings ranging from three-bedroom apartments to duplexes - crafted to reflect Etro's heritage, craftsmanship, and aesthetic.
Inside, the interiors showcase the brand's bold patterns, rich textures, and color palette, designed to flow with the Thail city's natural beauty. Each dwelling features special pieces from the Etro Home Interiors collection, made in collaboration with Oniro Group, the brand's distributor since 2017.
Residents will also have access to tailored services and amenities, including private wellness retreats, spa experiences and holistic wellbeing programmes as well as fitness facilities and a personalised concierge service.
Lastly, the residence will host immersive brand activations will provide residents access inside Etro's "exclusive network of art, culture, and fashion," according to a press release.
'Etro Residences Phuket represents a window into the future of luxury living. Branded real estate is about more than aesthetics; it is about creating a seamless blend of hospitality, wellness, and exclusivity that reflects the lifestyles of the world's most discerning buyers," said Michele Galli, CEO of The One Atelier.
"At The One Atelier, we specialise in crafting spaces that go beyond the expected to offer something deeply personal, immersive, and transformative. With Etro Residences Phuket, we have designed an environment where every detail, from the architectural vision to the smallest interior elements, align with the brand's DNA to deliver a project unlike any other.'
The Etro Residences Phuket will be completed in 2027. The project follows the recent opening of Etro Residences Istanbul, an Etro-branded residence in Turkey.
'Following the success of Etro Residences Istanbul, Etro Residences Phuket represents the brand's continued growth into the luxury real estate, further reinforcing its identity as a lifestyle brand," said Etro CEO, Fabrizio Cardinali.
"This ambitious project is poised to set a new standard in Southeast Asia's rapidly expanding luxury property market, while further enhancing the brand's remarkable heritage and reinforcing its commitment to innovation and timeless design.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Mayhoola denies speculation of possible Valentino sale with Kering
Mayhoola denies speculation of possible Valentino sale with Kering

Fashion Network

time2 days ago

  • Fashion Network

Mayhoola denies speculation of possible Valentino sale with Kering

Qatar-backed investment fund Mayhoola has denied a report published by Italian newspaper Corriere della Sera that it is considering selling Valentino, the Rome-based fashion house it co-owns with French luxury group Kering. 'This news is untrue,' Mayhoola chief executive Rachid Mohamed Rachid told Reuters on Friday, directly dismissing the report. Kering declined to comment. Kering, which owns Gucci and other luxury brands, acquired a 30% stake in Valentino in 2023 for $1.7 billion, with a commitment to purchase the remaining 70% by 2028. The deal was positioned as a strategic move to establish a second flagship brand rooted in couture. The timing of the acquisition, however, came just before the global luxury slowdown and has since become a topic of concern for investors. According to Kering's latest annual report, completing the Valentino acquisition could cost the group €4 billion ($4.64 billion), should Mayhoola choose to exercise its put options as early as 2026. Kering shares, which have dropped more than 60% in value over the last two years, initially climbed by 2.5% following the Corriere article but lost momentum after Mayhoola's denial. The speculation surrounding Valentino comes amid Kering's internal portfolio review, as the group faces mounting debt and industry-wide headwinds. Under pressure to free up capital, Kering has been evaluating its asset structure under the leadership of newly appointed CEO Luca de Meo, set to officially begin his role on September 15. Valentino itself has also been in the spotlight. Its CEO, Jacopo Venturini, was recently placed on medical leave, and its handbag division, Valentino Bags Lab Srl, was placed under court administration due to labor violations identified in its supply chain. In 2023, the company appointed Alessandro Michele as creative director, following the departure of long-time designer Pierpaolo Piccioli. That same year, the fashion house reported a 2% decline in revenue at constant exchange rates, totaling €1.31 billion ($1.52 billion). ($1 = €0.8607)

Mayhoola denies speculation of possible Valentino sale with Kering
Mayhoola denies speculation of possible Valentino sale with Kering

Fashion Network

time2 days ago

  • Fashion Network

Mayhoola denies speculation of possible Valentino sale with Kering

Qatar-backed investment fund Mayhoola has denied a report published by Italian newspaper Corriere della Sera that it is considering selling Valentino, the Rome-based fashion house it co-owns with French luxury group Kering. 'This news is untrue,' Mayhoola chief executive Rachid Mohamed Rachid told Reuters on Friday, directly dismissing the report. Kering declined to comment. Kering, which owns Gucci and other luxury brands, acquired a 30% stake in Valentino in 2023 for $1.7 billion, with a commitment to purchase the remaining 70% by 2028. The deal was positioned as a strategic move to establish a second flagship brand rooted in couture. The timing of the acquisition, however, came just before the global luxury slowdown and has since become a topic of concern for investors. According to Kering's latest annual report, completing the Valentino acquisition could cost the group €4 billion ($4.64 billion), should Mayhoola choose to exercise its put options as early as 2026. Kering shares, which have dropped more than 60% in value over the last two years, initially climbed by 2.5% following the Corriere article but lost momentum after Mayhoola's denial. The speculation surrounding Valentino comes amid Kering's internal portfolio review, as the group faces mounting debt and industry-wide headwinds. Under pressure to free up capital, Kering has been evaluating its asset structure under the leadership of newly appointed CEO Luca de Meo, set to officially begin his role on September 15. Valentino itself has also been in the spotlight. Its CEO, Jacopo Venturini, was recently placed on medical leave, and its handbag division, Valentino Bags Lab Srl, was placed under court administration due to labor violations identified in its supply chain. In 2023, the company appointed Alessandro Michele as creative director, following the departure of long-time designer Pierpaolo Piccioli. That same year, the fashion house reported a 2% decline in revenue at constant exchange rates, totaling €1.31 billion ($1.52 billion). ($1 = €0.8607)

Mayhoola denies speculation of possible Valentino sale with Kering
Mayhoola denies speculation of possible Valentino sale with Kering

Fashion Network

time2 days ago

  • Fashion Network

Mayhoola denies speculation of possible Valentino sale with Kering

Qatar-backed investment fund Mayhoola has denied a report published by Italian newspaper Corriere della Sera that it is considering selling Valentino, the Rome-based fashion house it co-owns with French luxury group Kering. 'This news is untrue,' Mayhoola chief executive Rachid Mohamed Rachid told Reuters on Friday, directly dismissing the report. Kering declined to comment. Kering, which owns Gucci and other luxury brands, acquired a 30% stake in Valentino in 2023 for $1.7 billion, with a commitment to purchase the remaining 70% by 2028. The deal was positioned as a strategic move to establish a second flagship brand rooted in couture. The timing of the acquisition, however, came just before the global luxury slowdown and has since become a topic of concern for investors. According to Kering's latest annual report, completing the Valentino acquisition could cost the group €4 billion ($4.64 billion), should Mayhoola choose to exercise its put options as early as 2026. Kering shares, which have dropped more than 60% in value over the last two years, initially climbed by 2.5% following the Corriere article but lost momentum after Mayhoola's denial. The speculation surrounding Valentino comes amid Kering's internal portfolio review, as the group faces mounting debt and industry-wide headwinds. Under pressure to free up capital, Kering has been evaluating its asset structure under the leadership of newly appointed CEO Luca de Meo, set to officially begin his role on September 15. Valentino itself has also been in the spotlight. Its CEO, Jacopo Venturini, was recently placed on medical leave, and its handbag division, Valentino Bags Lab Srl, was placed under court administration due to labor violations identified in its supply chain. In 2023, the company appointed Alessandro Michele as creative director, following the departure of long-time designer Pierpaolo Piccioli. That same year, the fashion house reported a 2% decline in revenue at constant exchange rates, totaling €1.31 billion ($1.52 billion). ($1 = €0.8607)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store