Cortina Watch

Last updated
Cortina Watch
Company typePublic
SGX:C41
IndustryWatch Retailer
Founded1972
FounderAnthony Lim (Executive Chairman)
Headquarters391B Orchard Road Ngee Ann City Tower B,
Singapore
Area served
Singapore, Malaysia, Thailand, Indonesia, Hong Kong, Taiwan, Australia
Key people
Raymond Lim (Group CEO)
Revenue$68.8 million (2022)
Website https://www.cortinawatch.com/en/

Cortina Watch is a Singapore-based luxury watch retailer founded in 1972. [1] It is a subsidiary of Cortina Holdings Pte Ltd, a publicly traded company listed on the Singapore Exchange (SGX: C41). [2] The company specialises in the distribution and retail [3] of high-end timepieces [4] and offers a range of watch brands, including Rolex, Patek Philippe, Cartier, Chopard, Franck Muller, H. Moser & Cie, Parmigiani, Tudor and more.

Contents

History

Cortina Watch was established in 1972 by Anthony Lim. It started as a single-store [5] family business, with its first outlet located in Colombo Court. [6] The company's Chinese name, "高登," was adopted from the name of the department store at Colombo Court, while the English version was derived from the popular car model of the time, the Ford Cortina.

In 1982, Cortina Watch expanded its presence beyond Singapore by opening its first boutique in Malaysia. Over the years, the company has expanded its operations and now operates in Singapore, Malaysia, Thailand, Indonesia, Hong Kong, Taiwan, and Australia, with both multi-brand and mono-brand boutiques.

In 2002, Cortina Holdings, the parent company of Cortina Watch, went public by listing on the Singapore Exchange (SGX). [7]

In 2021, Cortina Holdings acquired privately held Sincere Fine Watches, [8] further expanding its network to over 40 boutiques. [9] Sincere Watch operates under the Sincere brand in Singapore and Malaysia, as well as under the Pendulum brand in Thailand. [10] This acquisition allowed Cortina Group to diversify its offerings, with Cortina Watch focusing on international luxury brands and Sincere Watch primarily offering boutique watch options. The group also obtained exclusive distribution rights for Franck Muller in 13 countries [11] across the Asia-Pacific region and manages the distribution of other watch brands [12] under its subsidiary, Pacific Time Pte Ltd, including H. Moser & Cie, Moritz Grossmann, and Singer Reimagined.

As of 2021, Jeremy Lim serves as CEO of Cortina Watch. [13]

In the year 2022, Cortina Watch celebrated its 50th anniversary with several events, including exhibitions in collaboration with watch brands like Patek Philippe, [14] Blancpain, [15] Cartier, [16] Chopard, [17] Corum, [18] Franck Muller, H. Moser & Cie, [19] and Tag Heuer. [20] These events showcased a total of 16 limited edition models created exclusively for the anniversary celebrations.

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References

  1. ↑ "Interview: Jeremy Lim of Cortina Watch on the Family Business and Longevity". SJX Watches. Retrieved 2023-11-03.
  2. ↑ "Cortina Holdings Limited (C41.SI) stock price, news, quote & history – Yahoo Finance". sg.finance.yahoo.com. Retrieved 2023-11-03.
  3. ↑ "About Cortina Watch Singapore | Luxury Watch Retailer Since 1972" . Retrieved 2023-11-03.
  4. ↑ "Brands – Cortina Watch Singapore". 2020-08-05. Retrieved 2023-11-03.
  5. ↑ "In Conversation: Jeremy Lim, CEO of Cortina Watch -". DEPLOYANT. 2022-07-12. Retrieved 2023-11-03.
  6. ↑ "National Library Online". www.nlb.gov.sg. Retrieved 2023-11-03.
  7. ↑ "CORTINA HOLDINGS LIMITED". links.sgx.com. Retrieved 2023-11-03.
  8. ↑ Yee, Leslie (17 March 2021). "Cortina completes acquisition of Sincere Watch". Bbusinesstimes. Retrieved 2023-11-03.
  9. ↑ "How this S'porean family built a regional luxury watch empire over 50 years". The Straits Times. 2022-11-19. ISSN   0585-3923 . Retrieved 2023-11-03.
  10. ↑ "Cortina plans to acquire Sincere Watch for S$84.5m". www.businesstimes.com.sg. Retrieved 2023-11-03.
  11. ↑ Cheong, Brian. "Sharon Lim, CEO of Franck Muller Pte Ltd, shares her plans for the avant-garde Swiss watch brand". Tatler Asia. Retrieved 2023-11-03.
  12. ↑ "CORTINA HOLDINGS LIMITED". links.sgx.com. Retrieved 2023-11-03.
  13. ↑ Asia, Tatler. "Jeremy Lim". Tatler Asia. Retrieved 2023-11-03.
  14. ↑ "Up Close: Patek Philippe Calatrava Ref. 5057G "Cortina Watch 50th Anniversary"". SJX Watches. Retrieved 2023-11-03.
  15. ↑ "Cortina Watch Continues 50th Anniversary with Blancpain Bathyscaphe Limited Edition | SENATUS Magazine". SENATUS. Retrieved 2023-11-03.
  16. ↑ "Hands-On: Cartier Baignoire Allongée "Cortina Watch"". SJX Watches. Retrieved 2023-11-03.
  17. ↑ cyap (2022-03-04). "Cortina Watch continues its 50th anniversary celebrations with a joyful exhibition on the Chopard Happy Sport". Robb Report Singapore. Retrieved 2023-11-03.
  18. ↑ "Corum Launches the Admiral 45 Tourbillon in Celebration of Cortina Watch's 50th Anniversary | SENATUS Magazine". SENATUS. Retrieved 2023-11-03.
  19. ↑ Revolution (2022-07-14). "H. Moser & Cie Celebrates the 50th Anniversary of Cortina Watch". Revolution Watch. Retrieved 2023-11-03.
  20. ↑ "Cortina Watch Continues 50th Anniversary Celebrations With 10-Piece TAG Heuer Carrera". Hypebeast. 2022-10-17. Retrieved 2023-11-03.
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