Watchmaker lamps, a luxury brand, have a lot to be proud of, as they have been a major source of income for Singapore’s jewellery industry.
The brand, founded in 1997, employs more than 100 people in the city of Pohang, and is based in Singapore, Hong Kong and Singapore.
Watchmaker lamp chief executive Gert Alexander said the brand had enjoyed “one of the best periods of growth in the jewellery sector” in recent years.
“We have an international base of about 200 people working in the business.
We have grown from a few people to a global team of more than 20 people,” he said.
With the launch of a new watchmaker lamp in Singapore in 2019, Watchmaker Lamp is set to open an international production facility.
Mr Alexander said it was “impossible to make watches in the modern day”, and that the new plant would allow the brand to keep making watches.
In 2018, Watchmakers lamp was acquired by LVMH, a property developer and conglomerate.
LVMH bought Watchmakers lamps in 2014 and the two companies signed a definitive agreement in 2017, which has been followed by the sale of Watchmakers to LVMh in 2021.
WATCHMAKER LAMP TO SALE TO SEOULIAN COMPANY WATCHMAKER lamp is set for a major sale to Singaporean brand LVMHS, a conglomerate that owns several jewellery brands in the country, including Watchmakers.
During the launch event for Watchmakers in Pohangs main shopping mall, Watch makers lamp was shown on a large screen in the store.
It was not clear when the sale would be completed.
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WATCHMAKNERS LUMBER WILL LEARN NEW SCOTTIAL BUSINESS FOR SCOTT Watchmakers was founded in 1897 in the British capital of Edinburgh and has grown to be the largest jewellery brand in the UK.
As of June 2018, it employed more than 140 people in Scotland.
Its products include watch watches, watches for children and accessories.
According to Watchmakers website, it was founded by the “tremendous success” of its founder and founder-director, John Russell Watchmaker.
Russell died in 2016, but Watchmakers will continue to make jewellery and accessories and it plans to launch a new jewellery range.
READ MORE: WATCHMAKENES LUMBERY TO BE LEARNT FROM SCOTTESE INDUSTRY WATCHMAKKERS LABORATORY TO LEARNING MORE SCOTTEN Watchmakers is owned by the British conglomerate Giambattista Venezia, which is based outside London.
After the UK’s vote to leave the European Union in March 2019, GiamBattista invested £25 million in Watchmakers Lumber, which was acquired for £20 million by Singapore-based LVMHK in 2021, according to the company.
A Giam B&B spokesman said Watchmakers lumber will not be sold to a Chinese-owned company.