Peacemark in financial difficulties  0 Comments


News of the financial difficulties of Peacemark - the giant holding company with interests and huge holdings of brands and retail shops in East Asia based in Hong Kong - had been reported on the internet news services for some weeks. Europa Star published some interesting developments regarding some of the assets being liquidated to raise funds to deal with the debt that Peacemark owes.
Earlier this year before Peacemark was reported to be suffering its huge debt, it had acquired a controlling share of one of the three top watch retailers in Singapore - Sincere Watches.

Based on the report by Europa Star, whether the breakup of Peacemark will impact on the global watch industry is somewhat moot. The more important question now is the scope and depth of the impact on the connected or the competition.

To read the report by Europa Star CLICK HERE and HERE.

- HT



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Watching Horology


  • This is a personal blog of Harry SK Tan on all things pertaining to Horology - from watch collecting, horolography, news and developments from all over the world particularly Singapore.
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Horolography - noun, the art of photographing timepieces

Horolographer - Harry SK Tan

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