The Hour Glass makes foray into New Zealand with acquisition of Mansors Jewellers, two retail and commercial properties

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SINGAPORE (Feb 6): Luxury watch retailer The Hour Glass is venturing into New Zealand with the purchase of Auckland-based Mansors Jewellers, as well as two prime corner retail and commercial properties in the city. 

The Hour Glass is investing more than NZ$80 million (S$71.8 million) in these three purchases to mark its entry into New Zealand via its largest city, the group reported on Thursday. 

The group, which already has a combined network of 43 boutiques throughout the Asia Pacific, views New Zealand as a greenfield luxury watch market.

“The move into New Zealand is demonstrative of...(click on link for full story on