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The Hour Glass Limited : ウィキペディア英語版 | The Hour Glass Limited
The Hour Glass Limited (SGX:(AGS )) is a luxury watch retail group in Asia. The group currently owns and operates 41 retail stores across 9 cities.〔(【引用サイトリンク】url=http://www.thehourglass.com )〕 Headquartered in Singapore, it reported revenues of $734.9 million for FY 2015. Net profit was up by 5% to S$57.9 million from S$54.9 million in FY2014, outperforming a contracting regional luxury market. In addition, the group also deals in luxury properties and owns high-end retail and commercial properties throughout Asia. Most notably was their recent purchase of two high-end Australian properties for $37.2 million in 2015.〔(【引用サイトリンク】url=http://www.thehourglass.com/about_history/annual-report/?ar-year=2015&lang )〕 The group also owns Watches of Switzerland, a watch retail chain in Singapore that deals with middle to high-end Swiss timepieces. The group acquired the chain in October 2014 from the Jay Gee Melwani Group for $13.3 million.〔(【引用サイトリンク】url=http://www.straitstimes.com/business/companies-markets/the-hour-glass-completes-acquisition-of-home-grown-watches-of-switzerland )〕 ==History== The Hour Glass was founded in 1979 by the husband and wife team, Dr. Henry Tay and Dato' Jannie Tay. Dato' Jannie was the managing director of the company, and was instrumental in leading it for the first 25 years. Their first shop was opened in Lucky Plaza, a shopping mall along Singapore's renowned Orchard Road shopping belt through a partnership with Metro Holdings. The couple's concept of positioning luxury watches as upmarket collectors’ items, or investment opportunities proved to be so successful which led to their eventual leveraged-buyout of Metro Holdings in 1987.
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