According to recent trends, Dubai remains one of the most preferred destinations for the ultra-rich, meaning that a new generation of businessmen is likely to come into existence to satisfy every extravagant need of the nouveau riche. Currently, firms like Pastor & Co. as well as Flying Flea Global are increasing their ultra-luxury service provision to HNWIs in the UAE through fashion accessories, super luxury real estate products such as luxury houses and private islands, as well as luxury hospitality services.
Fashion Sourcers Watt into the Market
Fashion sourcers, luxury service providers such as Pastor & Co. and SneakerPlug that this new age of luxury entails are spearheading are companies that focus on procuring and delivering niche and rare products of luxury from all fascinating categories ranging from sneakers, clothing, watches, jewelry, art, home décor among others. Among their clients are stars of the sports and pop music, multimillion business people and representatives of the higher aristocracy of the Earth.
Expanding Luxury Services
Being aware of the increased number of rich people who are migrating to the Gulf, Pastor & Co. has had its representation in Dubai. Saks’ ultimate purpose is to introduce its services into the realm of hospitality by providing the concierges and hotel residences with a direct access to the select items available in the company. Moreover, due to their elitism, Pastor & Co. will sell extravagant property, including islands with yacht docks and landing pads for helicopters, to such customers.
Solomon Pastor, the elder of the two UK-based brothers, managing Pastor & Co . , opined that UAE was strategically positioned, not only because it had a strong economy, numerous business openings, no taxations, and top security and safety features for its business premises.
Some of the most valued clients, services, and the corporation’s future development strategies are listed below.
The company’s many clients include celebrities like reputed engish footballer David Beckham, renowned American rapper, Gunna, as well as the hip hop groups, D Block Europe and Migos. There are also rumours to indicate that the company is in the course of discussing the possibility to incorporate members of several Middle Eastern royal families, which would increase the company’s influence in the region.
The company’s sister concern SneakerPlug collaborates with online luxury store Farfetch for providing hard to get Sneakers and apparels to some of its select clients. It has been a very profitable cooperation because SneakerPlug is close to being one of Farfetch’s largest suppliers.
Meeting Unique Demands
Sandler, Bouza and Corbera claim that their company, Pastor & Co. , never refuses any order of their clients, no matter how special and even luxurious their request may be. Solomon Pastor testified that they were once contracted to help arrange elephants and other birds such as flamingos and swans for the Middle Eastern monarchies.
An all in one store for luxury and exclusive brands:
The long-term strategy for Pastor & Co. would be to establish the store as a one-stop-super-store targeting private clientele’s need for the rare and exclusive in the Middle East as well as other parts of the world. The London based company has already entered the US and Hong Kong markets and is stilling venturing more in UAE.
