Post Reply
21-39 of 39
FJB secures distribution rights to DeWitt
Rights to luxury brand cover North, South-east Asia
By ARTHUR SIM
GOT $1 million (800,000 Swiss francs 800,000) to splurge? FJ Benjamin has secured the exclusive rights to luxury timepiece brand DeWitt and the watches will soon be available here.
FJB CEO Nash Benjamin added: 'Asia, in particular North Asia, is one of the fastest growing markets for luxury timepieces, and we know many collectors are eagerly awaiting a collection like DeWitt's, that combines tradition with innovation and horological excellence.'
There are no plans for a stand alone store at the moment but FJB holds the rights to operate a retail store under the distribution agreement.
It also gives FJB long-term exclusive distributorship in both South-east and North Asia, including Singapore, Malaysia, Indonesia, Thailand, the Philippines, Hong Kong, Macau, Taiwan and South Korea.
The agreement takes effect from May 1, 2010.
 |
|
'We know many collectors are eagerly awaiting a collection like DeWitt's, that combines tradition with innovation and horological excellence.'
|
|
- FJB CEO Nash Benjamin
|
|
|
|
 |
|
The DeWitt entry price will be around $26,400 (20,000 Swiss francs) up to about $356,000 (270,000) Swiss francs) for the Complications. The jewellery pieces will be priced between $660,000 and $1 million.
DeWitt debuted at the Baselworld watch fair in Switzerland in 2003. Two years into the business, DeWitt won first prize in the Innovation category in the 2005 Geneva Watchmaking Grand Prix with its Academia Tourbillon Differentiel which combines a tourbillon complication, alongside a patented spherical differential system.
FJB reported its first single-digit decline in sales for Q2'10 (ended December 31, 2009) - the slowest in four quarters. In South-east Asia, its fashion business was down 8 per cent while its timepiece business was down 6 per cent.
FJB also distributes timepiece brands such as Girard-Perregaux, Bell & Ross and Rado.
DeWitt is the latest brand that FJB has clinched.
In December 2009, it also announced that it had signed on Givenchy, which is part of French luxury giant LVMH Moet Hennessy Louis Vuitton, as its exclusive distributor and retailer in Singapore.
The first Givenchy store will open at Paragon Shopping Centre in August.
Genting had been having a good run and this may contribute to FJ run too. Both the IRs is opening soon with Genting all geared up by end this year after which will be follow up by Marina Sands. Thus, the recent run in FJ may be becos investor is anticipating the overall retail marco in 2010 is going to be very positive and will benefit FJ greatly.
As both 2 IRs will attract more tourists and overseas visitor to Singapore, this will definitely bring good biz to FJ that is in the retails business with alot of established well know brand ...
Conclusion: FJ future earning should look bright ..... I think the recent rally may still be intact and juz started ... Cheers.
Above is not an inducement to trade.
yeap thanks!
gregorsamsa ( Date: 26-Sep-2009 17:33) Posted:
all the best lah... it will see better days when the things turn better... its fortune is really so linked to the affluence of the people here.
it has good brands and i think the succession plan is quite straight forward
|
|
all the best lah... it will see better days when the things turn better... its fortune is really so linked to the affluence of the people here.
it has good brands and i think the succession plan is quite straight forward
i think u wrote the u/m in ur blog right? i bought at a high of 0.5 (tt was back in 2007 i think).. avg down when it hit 0.295.. hesitated to buy more when it hit 0.10.. sigh!
gregorsamsa ( Date: 26-Sep-2009 17:14) Posted:
you vested since when?
i borrowed $500 to buy 5 lots the other time... should have borrowed more
but see my money grow also shiok
|
|
you vested since when?
i borrowed $500 to buy 5 lots the other time... should have borrowed more
but see my money grow also shiok
yeap.. vested..
gregorsamsa ( Date: 26-Sep-2009 16:56) Posted:
any one notice that the stock rose 10% in one day of active trading?
|
|
any one notice that the stock rose 10% in one day of active trading?
| Updated: 24th August 2009, 1911 hrs |
| FJ Benjamin posts FY09 net loss of $2.7m |
|
Mainboard-listed fashion retailer, FJ Benjamin, has posted a full-year net loss of 2.7 million dollars, reversing a 14.8 million net profit in the previous year.
The loss was partly due to an exceptional charge of 3.1 million dollars for impairment of properties and foreseeable losses on its Australia operations.
The company also recorded non-cash foreign exchange losses of 3.7 million dollars partly due to the revaluation of intercompany loans.
Revenue for the financial year ended June fell 12 percent to 299.9 million dollars, from a year ago.
FJ Benjamin says its fashion business sales dropped one tenth while sales for timepieces fell 17 percent during the year on weaker consumer spending in Southeast Asia and Taiwan.
CEO Nash Benjamin says amid the challenging economic conditions, the firm stepped up its cost discipline, reduced expenses and tightened its management of inventory and accounts receivable.
With signs of recovery in some economies in the region, it's seeing improving consumer sentiment.
Looking ahead, the retailer says it'll continue to invest in its brands and grow its market share
|
hmm this one's releasing some results today right?
hey, guys, the buy price now is only 10 cents??? FJBenjamin vs Chartered Semincon, 10 cents fight, which one is better?
Peter Lim said, he said, dropped out from billionaire list is okay , as long as is not droped dead.. ha ha... he is funny.
| DIVIDEND |
13 Nov 2008 |
17 Nov 2008 |
5 Dec 2008 |
SGD 0.011 ONE-TIER TAX |
fat dividend next month, with price now of 0.195... the price now can sustained until this level is all becuase of Peter Lim huge purchase....
will FJ benjamin be a jackpot like Wilmar for Peter Lim ?
first of all, singaporean must keep buying $200 ++ Guess jeans, etc..
He he he.......like clockwork......1 week after the BB and Director's activities, JK Tech announces EGM on 23 Jul to pass resolution for RTO of SJP.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_144588FC5567095F48257478002BDEDF/$file/JKTechEGM230708.pdf?openelement
shplayer ( Date: 23-Jun-2008 21:43) Posted:
|
A summary for today.
A summary for today.
A summary for today.
SUPPORT BREAK THROUGH AT 46.5
A summary for today.
