The Watch Thread - Part 6

[info_guy]

I think strawberry meant it as a joke as e FC moon phase is a 99% copy of the JLC.

 

[patryn33]

I think strawberry meant it as a joke as e FC moon phase is a 99% copy of the JLC.

Move moon up copy iwc, add day date copy JLC or pp. Or JLC copy from pp. Move right maybe copy from GO.

Life of watch designer hard of were to consider all these.
Put strap to wear on wrist copy from breguet ? Lol

 

[gaoxing84]

Very long never post watch shot so 1 for the day.

http://img.photobucket.com/albums/v208/Dedz/A549CB8D-F59B-46EE-9792-F54BA6E774BD_zpsyuwlefw5.jpg[/IMG]

Nice watch. Wanted to hoot cause of blue hands and rg case but didn't cause quartz. But still nice!

 

[patryn33]

Very long never post watch shot so 1 for the day.

great classic design.
The Brand New Heritage 40 | Corniche Watches

 

[Hua_Hui]

How much does the fc moonphase cost? Definitely a consideration as it shd be a much cheaper alternative? And looks 90% alike.

 

[Paladium]

Bought locally? Dmg?

Looks good. Local got anot? Or have to order fr them webbie?

Nope, exclusive only to their website I'm afraid.

Nice watch. Wanted to hoot cause of blue hands and rg case but didn't cause quartz. But still nice!

I like some variety amongst my mechanicals.

great classic design.
The Brand New Heritage 40 | Corniche Watches

Yes it is. Can't go wrong with a classic design.

 

[wanker88]

The Hour Glass buys Watches of Switzerland for S$13.3m


Singapore

THE Hour Glass (THG) has paid S$13.3 million cash for Watches of Switzerland (WOS), extending the listed luxury watch group's reach from Orchard Road to less prime shopping malls outside the city.

The acquisition of the 50-year-old watch retail chain owned by Jay Gee Melwani, a Singapore-based privately held fashion and lifestyle group, also expanded THG's watch portfolio, which has exclusive high-end brands such as Hublot, MB&F, Parmigiani, De Bethune and Urwerk, to include mid-range names such as Breitling, Bell & Ross, Oris, Longines and Hamilton.

WOS would have been sold to Emperor Watch & Jewellery last year when the Hong Kong group expanded its retail chain for luxury timepieces into Singapore. But talks failed and the proposed sale fell through.

THG's filing with Singapore Exchange on Tuesday said that the deal with WOS, reached on a willing-buyer, willing-seller basis, was funded from internal sources. It took into account, among other factors, the net asset value of WOS - S$8.8 million as at Sept 30, 2014.

In a separate media release, THG said that the deal "was driven by the opportunity for The Hour Glass to tap into Singapore's suburban retail landscape and extend its reach into the prestige watch segment".

With the purchase, WOS will become a 100 per cent subsidiary of THG. The latter said that it would continue "to maintain and operate" the WOS retail brand through its five shops - one each in VivoCity, The Paragon, Centrepoint, Tampines Mall and City Square Mall.

"The custodial transfer of WOS to THG will bring about more developmental opportunities, strengthening the group's position in the watch retail sector," said THG executive director Michael Tay. "Given the synergies across various merchandising and operating platforms, we see tremendous potential in enhancing our overall business."

THG's boutiques will be boosted to 37, which are spread across the Asia-Pacific region - including Japan and Australia. The acquisition has come at a time when the luxury watch business in Singapore is still facing a challenging time, made all the tougher in recent months by the sharp drop in Chinese tourists.

With luxury watches becoming almost a dirty word in China, because of the crackdown on corruption in the country, Chinese consumers are shying away from the pricey luxury timepieces. They are going more instead for brands such as Breitling and Longines which carry watches with more down-to-earth price tags.

Shipments of luxury Swiss watches to Singapore - one of Switzerland's top 10 markets - indicate that sales here fell in the first six months of 2014. They dipped 2 per cent from a year ago to 515.8 million Swiss francs (S$694 million), according to the Federation of Swiss Watch Industry. Singapore was one of the four top Asian markets where Swiss watch exports fell in the first half; the others were China (-4.2 per cent), Taiwan (-2.9 per cent) and Thailand (-9.8 per cent).

While THG posted a 2 per cent rise in revenue to S$157 million for the three months ended June this year, net profit dipped 5 per cent to S$8.4 million. And it still sees global economic and political uncertainty affecting consumer sentiment and the demand for watches ahead. For the financial year ended March 31, 2014, THG reported revenue of S$682.79 million, up from S$601.94 million for the previous year. Net profit rose 4 per cent to S$54.9 million from S$52.8 million.

THG said that the purchase of WOS was not expected to have a material impact on the net tangible assets or earnings per share of the group for the current financial year ending March 31, 2015. Its share price last closed at S$1.90 on Monday. There was no trade in the stock on Tuesday.

The Hour Glass buys Watches of Switzerland for S$13.3m, Consumer - THE BUSINESS TIMES

 

[yattokame]

Long meeting. Some people don't realize this is not karaoke where you rush for the mic.

"Wizard of Oz"

 

[balzebub]

hi bros, what kind of watches are in the price range between 4.5k to 5.5k? I'm leaning towards omega sm diver (hopefully its within my budget). How much disc can I get from local AD such as HG? The reason being I can only utilize my service redemption in HG...

For Omega, the Seamaster Professional 300m (ceramic) should be within the upper end of your price range after discount from AD like Hour Glass. Standard AD discount for Omega should be 8%.

Others that you can consider from HG if you like divers...Brietling SOH, Sinn U1. U2, T1. T2. Tudor Pelagos, Tudor Black Bay etc

 

[slow_mo]

IMG]http://i1273.photobucket.com/albums/y417/yattokame/Mobile%20Uploads/image_zps73a551b3.jpg[/IMG]

Long meeting. Some people don't realize this is not karaoke where you rush for the mic.

"Wizard of Oz"

Hate long meetings...

Mid week... Friday is almost here!

 

[Thai_Rak_Thai]

hi bros, what kind of watches are in the price range between 4.5k to 5.5k? I'm leaning towards omega sm diver (hopefully its within my budget). How much disc can I get from local AD such as HG? The reason being I can only utilize my service redemption in HG...

hello there,

i think for your budget, these are possible

OMEGA Watches: Seamaster Diver 300 M Co-Axial 41 mm - Steel on steel - 212.30.41.20.03.001

OMEGA Watches: Speedmaster Moonwatch Professional 42 mm - Steel on steel - 311.30.42.30.01.005

discount depends on your relationship with them. I think 5% is possible

 

[a562140]

The Hour Glass buys Watches of Switzerland for S$13.3m


Singapore

THE Hour Glass (THG) has paid S$13.3 million cash for Watches of Switzerland (WOS), extending the listed luxury watch group's reach from Orchard Road to less prime shopping malls outside the city.

Spoiler

The acquisition of the 50-year-old watch retail chain owned by Jay Gee Melwani, a Singapore-based privately held fashion and lifestyle group, also expanded THG's watch portfolio, which has exclusive high-end brands such as Hublot, MB&F, Parmigiani, De Bethune and Urwerk, to include mid-range names such as Breitling, Bell & Ross, Oris, Longines and Hamilton.

WOS would have been sold to Emperor Watch & Jewellery last year when the Hong Kong group expanded its retail chain for luxury timepieces into Singapore. But talks failed and the proposed sale fell through.

THG's filing with Singapore Exchange on Tuesday said that the deal with WOS, reached on a willing-buyer, willing-seller basis, was funded from internal sources. It took into account, among other factors, the net asset value of WOS - S$8.8 million as at Sept 30, 2014.

In a separate media release, THG said that the deal "was driven by the opportunity for The Hour Glass to tap into Singapore's suburban retail landscape and extend its reach into the prestige watch segment".

With the purchase, WOS will become a 100 per cent subsidiary of THG. The latter said that it would continue "to maintain and operate" the WOS retail brand through its five shops - one each in VivoCity, The Paragon, Centrepoint, Tampines Mall and City Square Mall.

"The custodial transfer of WOS to THG will bring about more developmental opportunities, strengthening the group's position in the watch retail sector," said THG executive director Michael Tay. "Given the synergies across various merchandising and operating platforms, we see tremendous potential in enhancing our overall business."

THG's boutiques will be boosted to 37, which are spread across the Asia-Pacific region - including Japan and Australia. The acquisition has come at a time when the luxury watch business in Singapore is still facing a challenging time, made all the tougher in recent months by the sharp drop in Chinese tourists.

With luxury watches becoming almost a dirty word in China, because of the crackdown on corruption in the country, Chinese consumers are shying away from the pricey luxury timepieces. They are going more instead for brands such as Breitling and Longines which carry watches with more down-to-earth price tags.

Shipments of luxury Swiss watches to Singapore - one of Switzerland's top 10 markets - indicate that sales here fell in the first six months of 2014. They dipped 2 per cent from a year ago to 515.8 million Swiss francs (S$694 million), according to the Federation of Swiss Watch Industry. Singapore was one of the four top Asian markets where Swiss watch exports fell in the first half; the others were China (-4.2 per cent), Taiwan (-2.9 per cent) and Thailand (-9.8 per cent).

While THG posted a 2 per cent rise in revenue to S$157 million for the three months ended June this year, net profit dipped 5 per cent to S$8.4 million. And it still sees global economic and political uncertainty affecting consumer sentiment and the demand for watches ahead. For the financial year ended March 31, 2014, THG reported revenue of S$682.79 million, up from S$601.94 million for the previous year. Net profit rose 4 per cent to S$54.9 million from S$52.8 million.

THG said that the purchase of WOS was not expected to have a material impact on the net tangible assets or earnings per share of the group for the current financial year ending March 31, 2015. Its share price last closed at S$1.90 on Monday. There was no trade in the stock on Tuesday.

The Hour Glass buys Watches of Switzerland for S$13.3m, Consumer - THE BUSINESS TIMES

doesn't feel like a lot of money considering size of assets, and melwani wanting to cash in points to a not so lucrative business.

i guess with all the travelling singaporeans do and the grey and used market, its tough for new watch retailers. interesting to see if hour glass can manage so many competing brands under one roof!

some good ones are parmigiani (movements) and hamilton (US branding) and perhaps bell and ross (historic war)...the rest might just cannibalize each other.

 

[a562140]

Long meeting. Some people don't realize this is not karaoke where you rush for the mic.

Waiting for the weekend and your special karaoke where people rush for something else more interesting ?

 

[yattokame]

Waiting for the weekend and your special karaoke where people rush for something else more interesting ?

Eh why this mic so hairy one.

LOL

 

[jonleelk]

Hi guys.

If for a budget of $2k, rose gold with dark brown croc leather, manual winding watch, any recommendation?

Micro brands are welcome!

 

[yattokame]

Nah one of my three hairy legs

 

[Emospence]

Pwillie's Nomos WorldTime is the most expensive in the Nomos lineup in fact. And yet it's less than half the price of your Omega Ceramic!

Lambda | Beautiful watches purchased online. Directly from NOMOS Glashütte.

[URL="http://www.nomos-store.com/en/Watches/Model-series/Lux/"]http://www.nomos-store.com/en/Watches/Model-series/Lux/[/URL]

 

[Thai_Rak_Thai]

My friend's Rollie. Steel bezel

 

[yattokame]

My friend's Rollie. Steel bezel

Very nice. The TT blue sub was what caught my fancy in rolex back then

 

[a562140]

lunch with the wife