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F J Benjamin Holdings Ltd announces Non-renewal Of Distributorship Agreements With Sowind SA


Friday, 13 Dec 2013 04:14am EST 

F J Benjamin Holdings Ltd:Says the company and its subsidiaries and Sowind SA, manufacturer of Girard-Perregaux watches, have agreed that the Group's exclusive distributorship agreements for Girard-Perregaux watches in North Asia and Southeast Asia will not be renewed when they expire on Feb. 28.Enters into an agreement with Sowind SA for them to repurchase all its remaining inventory of watches and accessories at its landed cost by end Feb. 2014.Says the value of its inventory at the date of this Announcement amounts to about S$30 million. 

Company Quote

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23 Oct 2014