Kave Home enters SEA with Singapore flagship store
The store is located in Raffles City.
Spanish furniture firm Kave Home has expanded its footprint in Southeast Asia with the opening of an 8,000-square feet flagship store in Raffles City in Singapore.
In a statement, Kave Home said the physical store was opened in partnership with local furniture firm Nook & Cranny.
The company aims to be an all-in-one stop for furniture-related items with a “Spanish, European or contemporary flair.”
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"Southeast Asia is an important growth market for Kave Home. The opening of our first flagship store in Singapore is an important milestone in our growth strategy. As the hub for the region, Singapore will boost our brand presence in this region, and strengthen our position as a global leader in furniture, design, and decoration solutions," said CEO Francesc Julià Ametller.
Kave Home which started online in 2013 and opened its physical first store in Spain in 2019, has added 42 new physical stores across 13 countries, bringing the total to over 80 stores.
Its turnover rose by 34% year-on-year in 2021 to reach $160.3m (EUR152m).
The company aims to open over 60 new physical outlets in 2023 and reach a turnover of more than $210.99m(EUR200m).
$1 = EUR0.95