The group, which already has a combined network of 43 boutiques throughout the Asia Pacific, views New Zealand as a greenfield luxury watch market.
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 ($71.8 million) in these three purchases to mark its entry into New Zealand via its largest city, the group reported on Thursday.
