Modest fashion opportunities in Singapore’s $2.5 billion apparel industry
Photo: SINGAPORE, SINGAPORE- January 2, 2016 : Street view of Arab Street in Singapore with Masjid Sultan in the background / Richie Chan / Shutterstock.com
Singapore’s 0.7 million Muslims represent just over 14 percent of the population, but despite serving a small customer segment, there are many emerging modest fashion brands that have experienced rapid growth. With notable success stories and proximity to the larger Malaysian and Indonesian markets, what opportunities are there for new Singapore-based modest fashion brands?
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Afia Fitriati, Senior Associate, DinarStandard