Friday, 4 December 2009

LVMH Joins Forces With Singapore’s Sincere Watch Ltd. – 4/12/09

Thankfully, it’s time for some positive news on the luxury watch industry. We heard from Bloomberg that LVMH plan to invest in Sincere Watch Ltd, a Singapore-based retailer of luxury timepieces.

LVMH plans to back Sincere when negotiating for retail space and share its database of high net-worth customers.

Tay Liam Wee from Sincere said, “We are seeing signs of improvement in luxury spending as the global economy recovers. With the backing of two of the strongest global icons, we will be able to sharpen our competitive edge and accelerate our growth plans.”

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Melinda O’Rourke is the founder and Director of MO Luxury, a dynamic, Sydney-based management firm specialising in luxury brands and services. Melinda and her associates at MO work with local and international brands across prestige retail, fashion, fine jewellery, timepieces and specialised services. Melinda is well-connected, well-read, and well-versed in the demands of the luxury market and its client base. Her advice is firmly based in objectivity and ultimately, accountability. Melinda offers constructive counsel and both strategic and creative thinking and is able to draw upon a strong network of specialised talent to compliment the MO Luxury team as needed. Melinda enjoys excellent industry relationships and is regularly quoted in the business and fashion media. Read more about MO Luxury,