The CEO of Cortina Watch, which celebrates its 50th anniversary this year, shares why he is optimistic about the future of luxury watch retail
From a humble shop in the early '70s, Cortina Watch has grown into one of the leading luxury watch retailers in the region. Founded by Anthony Lim, today the company is overseen by his two sons, Raymond and Jeremy Lim.
As Group CEO, Raymond "formulates the strategic plans of the Group and directs their implementation". Promoted to CEO of Cortina Watch in 2021, Jeremy continues to take care of the core watch business, which includes retail operations in Malaysia, Indonesia and Thailand.
See also: Patek Philippe Opens New Boutique in JW Marriott KL
At 50, Cortina is going from strength to strength, reporting record earnings in the year ending March 2020, just as the world was shutting down from Covid. At the height of the pandemic in 2021, Cortina acquired Sincere Watch for S$84.7 million (about RM270 million), which it paid for in cash. The acquisition added the likes of Franck Muller, Parmigiani Fleurier and A. Lange & Sohne to the Group's already formidable roster of brands including Patek Philippe, Rolex, Vacheron Constantin, Zenith and H. Moser & Cie.
As part of the Golden Jubilee celebration, Cortina is collaborating with eight partner brands on a series of exclusive editions, which has already seen releases from Patek Philippe, Chopard and Blancpain. The year-long celebration will culminate in a gala dinner in November this year where all eight watches will be on display.