DKSH, the leading Market Expansion Services provider with a focus on Asia, has facilitated the launch of the first Harry Winston timepiece boutique in Hong Kong at ELEMENTS mall.
HONG KONG, Nov. 9, 2011 /PRNewswire-Asia/ -- With the inauguration of the first Harry Winston own-brand store in Hong Kong's luxury watch market, DKSH, the leading Market Expansion Services provider with a focus on Asia, celebrates its latest success in providing Market Expansion Services to an international premium brand.
Today, Harry Winston partners with Halewinner Watches Group's 'Unique Timepieces' to present the Harry Winston timepiece boutique at ELEMENTS, one of the most luxurious shopping malls in Hong Kong, reinforcing its brand presence and positioning in this highly competitive luxury market.
Founded in 1932, Harry Winston is regarded as the "King of Diamonds" and jeweler to the stars. Since 1989, Harry Winston's timepiece division has combined the high-quality craftsmanship of Harry Winston jewels with the time-honored tradition of Swiss watchmaking to create fine and rare timepieces.
"DKSH has managed the sales, marketing, and distribution of Harry Winston luxury timepieces in the Greater China region since 2002. The opening of the Harry Winston boutique marks an important milestone for the brand and the strong partnership between both companies," said Victor Hew, Managing Director of DKSH Hong Kong. "With the rising number of middle class in Asia, demand for luxury goods in this market continues to grow, and an increasing number of large international brands are coming to us to help them entering into Asia's diverse and complex markets. Backed by over 114 years of know-how in marketing luxury watches, our local expertise, market knowledge, and long-established relationships are keys to the successful market expansion of luxury and lifestyle brands."
For nearly 150 years, DKSH has been helping companies to grow their business in both new and existing markets in Asia by providing them with all the essential services they need to achieve their expansion goals. DKSH delivers integrated and tailor-made services along the entire value chain for fast moving consumer goods, luxury items, pharmaceuticals, specialty chemicals, ingredients, and technology products.
Earlier this month, DKSH launched the first Global Market Expansion Services report jointly conducted with one of the world's leading strategy consultancies, Roland Berger. According to the report, Market Expansion Services is the new industry that takes outsourcing to a new dimension in market development. Driven by the growth of emerging markets, increasing focus on core competencies, and rising demand for consumer and industrial goods, the size of the global Market Expansion Services market is expected to grow from USD 2.2 trillion today to USD 3.1 trillion in 2015.
Roland Berger predicts that by 2015, the Market Expansion Services industry will experience an average annual growth exceeding 11% in Asia Pacific (excluding Japan), while consumer goods will have an annual growth of 7.6% over the same period. This is largely attributed to the changing consumption habits of the new Asian middle classes as well as their growing appetite for Western luxury goods, such as Harry Winston timepieces.
About DKSH Group
DKSH is the leading Market Expansion Services Group with a focus on Asia. As the term "Market Expansion Services" suggests, DKSH helps other companies and brands to grow their business in new or existing markets.
With 610 business locations in 35 countries -- 590 of them in Asia -- and over 22,500 specialized staff, it is one of the top 20 Swiss companies ranked by sales and employees. In 2010, DKSH generated annual total sales of around CHF 10 billion.
The company offers any combination of sourcing, marketing, sales, distribution, and after-sales services. It provides business partners with expertise as well as on-the-ground logistics based on a comprehensive network of unique size and depth. Business activities are organized into four specialized Business Units that mirror DKSH's fields of expertise: Consumer Goods, Healthcare, Performance Materials, and Technology.
Although DKSH is a Swiss company with headquarters in Zurich, it is deeply rooted in communities all across Asia Pacific. This is because the company looks back on a nearly 150-year-long tradition of doing business in and with the region.
About Harry Winston
Based in New York, Harry Winston was established in 1932 and renowned worldwide as the "King of Diamonds". Since 1989, Harry Winston has placed its watch-making division squarely in the tradition of its legendary jewelry expertise -- being synonymous with authentic and rare luxury in the design and manufacture of complicated and gem-set watches. Today, Harry Winston operates twenty salons worldwide, in cities including New York, Paris, London, Beijing, Tokyo, and Singapore. As a true icon of international glamour, Harry Winston continues to set the standard for the ultimate in fine jewelry and high end watchmaking, creating infinitely beautiful jewels of unsurpassable style.
For further information, please contact:
DKSH Hong Kong Ltd.
Edward Chan
Corporate Communications Manager
Address: 23rd Floor, Tower A, Southmark, 11 Yip Hing Street, Wong Chuk Hang, Hong Kong
Email: edward.chan@dksh.com
Phone: +852-2895-9610
Fax: +852-2895-9711
