Screenshot 2024-04-09 at 05.31.16

- 39:22 min

Interview

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Adding Value Through Storytelling and Customer Experience

📍Lisbon, Portugal

Tiago Quaresma is the Managing Director of O Grupo Valor do Tempo. This Portuguese conglomerate, which proudly promotes the rich tapestry of Portuguese culture through its 14 distinct brands, exemplifies how travel retail can transcend mere transactions to become memorable, enriching experiences for tourists and locals alike. Tiago’s insights into the creation and expansion of his group underscore the significance of travel retail as an often-undervalued sector poised for growth amidst Portugal’s rising popularity as a tourist destination.

Tiago illuminated the unique approach of O Grupo Valor do Tempo towards innovation in retail, emphasizing experience and storytelling over technological advancements. By meticulously crafting store environments that captivate the senses, from the layout and lighting to the curated music, Tiago’s ventures invite customers into a world where every product tells a story of tradition and craftsmanship. This focus on creating an immersive shopping experience has not only differentiated their brands in the competitive retail market but has also fostered a deeper connection between consumers and the rich heritage of Portuguese culture.

The conversation also ventured into the realms of sustainability and ethical business practices, where Tiago shared the group’s philosophy of valuing the entire supply chain. By vertically integrating their business, they ensure that everyone involved, from fishermen to factory workers, benefits from the venture’s success. This strategy not only elevates the product quality but also imbues each item with a narrative of social and economic sustainability, enhancing its value to consumers who are increasingly seeking products with purpose and provenance.

As the interview unfolded, it became clear that Tiago’s journey with O Grupo Valor do Tempo is a testament to the power of innovation, resilience, and the pursuit of a vision that extends beyond the conventional boundaries of retail. With their recent expansion into the international market, notably through a flagship store in Times Square, the group sets its sights on bringing Portuguese culture to the global stage. Tiago’s story is a beacon for aspiring entrepreneurs, emphasizing the importance of risk-taking, the value of failure as a learning experience, and the enduring impact of creating meaningful experiences that resonate with customers worldwide.

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