Komehyo Holdings Group’s K-Brand Off enters the Middle East market with Dubai-based e-commerce “The Luxury Closet”

Komehyo Holdings Group’s K-brand off enters the Middle East market with Dubai-based e-commerce “The Luxury Closet” ​
K-Brand Off Co., Ltd. Press release: April 4, 2025 Komehyo Holdings Group’s K-Brand Off enters the Middle East market with Dubai-based e-commerce “The Luxury Closet” K-Brandoff Co., Ltd. (Kanazawa City, Ishikawa Prefecture), a part of the Komehyo Holdings Group, which has the No. 1 market share for brand reuse* in used branded bags, watches, jewelry, etc., is accelerating its global expansion. Started listing on “The Luxury Closet”, an online marketplace based in Dubai. We will strengthen sales to wealthy people in the Middle East, focusing on the popular Hermes, luxury watches, and jewelry. * “Reuse Market Data Book 2024” (researched by Reform Sangyo Shimbun Co., Ltd.)
https://prcdn.freetls.fastly.net/release_image/108032/55/108032-55-cfe3b6fd78c8289d2b4ee7c20c56d056-3840×1780.png Why the Middle East? Global strategy aimed at listing “The Luxury Closet” In the Middle East, where economic growth is rapid, demand for luxury brands by wealthy people is rapidly increasing. On the other hand, for Japanese reuse companies, access to this attractive market was not yet sufficient. Therefore, we decided to make the most of K-Brandoff’s knowledge of cross-border e-commerce cultivated over many years, our experience in operating overseas bases, and the favorable conditions of the tariff benefits of the UAE free zone (*) to list our products at “The Luxury Closet” based in Dubai. ※It is a special economic zone established by the Dubai government with the aim of attracting foreign investment, and in addition to relaxing foreign investment ratio regulations, it also enjoys a wide range of preferential treatment, including exemptions and reductions from corporate tax and import and export taxes, and simplified procedures for establishing a company and obtaining a visa. The target audience is wealthy people in the Middle East. We deliver high-quality products that have been carefully selected by Japan, such as Hermes, luxury watches, and jewelry that they desire. Collaboration with “The Luxury Closet” is the best choice to combine each other’s strengths. We aim to acquire new customers and establish a solid position in the global luxury reuse market. From Kunal Kapoor, CEO of The Luxury Closet
https://prcdn.freetls.fastly.net/release_image/108032/55/108032-55-27b825aff5741cbd6b298a364d732d8f-512×282.jpg The Luxury Closet CEO Kunal Kapoor Japan has many attractive secondary distribution products, and it has been a market that we have been paying attention to since TLC was founded. We are pleased to have formed a business partnership with K-Brandoff, which holds a large market share in Japan. Now that our needs match, I look forward to mutual growth. About The Luxury Closet The Luxury Closet is an online marketplace based in Dubai and expanding worldwide. It specializes in buying and selling used luxury goods such as handbags, watches, jewellery, clothing and accessories and was founded by Kunal Kapoor in 2011. Currently, we handle approximately 25,000 products including Louis Vuitton, Chanel, Cartier, and Rolex, and while leveraging our strengths in the Middle East market, we also have customers in countries around the world including the United States.
https://theluxurycloset.com/ Company Profile K-Brand Off Co., Ltd. (K-Brand Off Co., Ltd.) has been actively developing its business both domestically and internationally since its predecessor company was founded in 1993. Headquartered in Kanazawa City, Ishikawa Prefecture, we operate “BRAND OFF”, which retails and purchases luxury brand bags, watches, jewelry, precious metals, and clothing, and “JBA”, an auction business for secondhand goods dealers, as a wholly owned subsidiary of the Komehyo Holdings Group, which has the No. 1 brand reuse market share. “BRAND OFF” has opened stores not only in Japan but also in Hong Kong, Taiwan, and Shanghai through local group companies. Company name: K-Brandoff Co., Ltd. Representative: Yuya Yamauchi, President and CEO Head office location: 2-5-17 Shinkanda, Kanazawa City, Ishikawa Prefecture U R L: https://www.brandoff.co.jp/ Business details: Retail, purchase, and wholesale of luxury brand bags, watches, jewelry, precious metals, and clothing, as well as domestic and international mail order business, auction business for antique dealers, and pawnshop business