In this episode, Kunal Kapoor, the founder and CEO of Luxury Closet, shares insights into his journey of building the largest luxury retail platform in the Middle East, with clientele across 80 countries. Starting from humble beginnings in 2012, Kunal reflects on how the business has evolved and the innovative steps he took to navigate challenges in the luxury retail space.
Now, Luxury Closet sells around 100,000 units annually, but Kunal acknowledges the vast potential for growth, especially in untapped markets like Saudi Arabia. He also discusses the rising trend of luxury collectibles as an investment, likening items like high-end watches as stores of value with the potential for price growth and volatility.
Reflecting on his personal growth, Kunal explains to host Muhammed Mekki that leading a business has taught him to think ahead strategically, stressing that leadership requires balancing immediate tasks with future goals and maintaining consistency in output over the long term.
