China sales may clock up profits

Article Abstract:

Dailywin is a watch assembler which is based in Hong Kong. The company will see a stock price rise if its stores in China are successful. The company accumulated large debts through problems with its entry into this new market, and has brought in tighter controls to tackle the problem. Dailywin has a chain of 69 stores in China and the retail division should increase its share of sales to some half by 2002. The watch assembly business is recovering from problems that arose as a result of the debts.

Watches, clocks, watchcases & parts, Watch, Clock, and Part Manufacturing, Watches, Clocks & Watchcases, Dailywin Group

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Asprey: rich man's play thing

Article Abstract:

A bid for Asprey, a UK jeweler, has been made by Jefri Bolkiah, prince of Brunei. He is offering 2.50 pounds sterling per share, which is almost 100% above the market price. Asprey has been affected by the Gulf War, a drop in the value of the US dollar, and recession, which have resulted in less spending by Middle Eastern and FarEastern clients. Ian Dahl, chief executive, aims to review stock and expand Asprey into mainland Europe, the US and Asia, over the long term.

Mergers, acquisitions and divestments, Asprey PLC

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A new jewel in Time's crown

Article Abstract:

Time Products is seeing a rise in demand for both luxury watches and volume brands. The company holds a stake of 8.8% in Audemars Piguet, a Swiss watch producer, and distributes the company's products. The company acquired Judith Lieber in 1993 and distributes handbags in the US through this company. A range of Judith Lieber jewelry did not sell well leading to losses in 1995 but Judith Lieber should perform better in 1996.

Jewelry, Watch, Precious Stone, and Precious Metal Wholesalers, Jewelry & precious stones, Jewelry, Watches, Diamonds Whsle, Luxuries, Time Products PLC

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