Cortina to buy Sincere Watch for S$84.5 mil

Cortina to buy Sincere Watch for S$84.5 mil
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SINGAPORE (Nov 17): Cortina Holdings plans to pay S$84.5 million in cash for 18 boutiques now run by fellow luxury watch retailer Sincere Watch.

Besides the Sincere Watch chain of multi-brand retail outlets in Singapore and Malaysia, the target company also runs a similar business in Thailand under the Pendulum brand. 

These boutiques carry brands such as A. Lange & Söhne, Audemars Piguet, Franck Muller, IWC, Jaeger-LeCoultre, Panerai, Omega, Vacheron Constatin and Tudor.

In addition, the target company operates...(click on link for full story on theedgesingapore.com)