Market Chatter: Singapore's Castlery to Open Showroom in New York

MT Newswires
Mar 25

Singapore-based furniture company Castlery will launch a showroom in New York, The Business Times reported Wednesday.

Castlery co-founder Declan Ee described the move as a "natural progression" from the company's digital retail model, the report said.

The U.S. market represents 65% of the company's overall sales, according to the report.

The company's showroom spanning 3,000 square feet will be located in Manhattan's Chelsea neighborhood, the Singaporean newspaper reported.

The company plans to have at least eight showrooms globally by 2029, Ee reportedly said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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