Luxury Business Group, WorldBridge partner to develop Cambodia’s retail sector

They will provide consulting services, amongst others.

South Korea-based consulting firm Luxury Business Group (LBG) and Cambodian conglomerate WorldBridge Group signed a joint venture term sheet to improve the luxury and retail sectors in the Southeast Asian country.

Under the joint venture term sheet, the two companies will be involved in developing various business opportunities in the sector including in The Peak Complex Shopping Mall in Phnom Pehn which consist of two 55-storey residential towers, an office, and a five-star Sangri-La hotel. It is the first luxury shopping mall to open in the fourth quarter of 2023.

LBG and WorldBridge aim to differentiate Cambodia’s luxury sector and accelerate its growth into a “world-class retail playground.”

They will do this by providing consulting on recruitment and training, operational service manual development, store and brand human resources organisation strategy, and store and luxury brand HR management know-how and leadership.

“The development of higher standards in the retail sector is critical for serving the Cambodian consumer and capturing the full potential of tourism dollars in the domestic market and travel retail such as downtown duty-free,” said WorldBridge Group Chairman Neak Oknha Rithy Sear.

“Top global brands, both in the luxury and premium segments, require professional skills that are currently in short supply. Advancement of the Cambodian retail sector will require significant investments in human resource development,” he added.

Follow the link for more news on

Luxury Business Group

Also Read

GOELIA expands with 9 new store openings in China and Singapore

Gentle Monster opens first flagship boutique in Australia

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit