Follow us on Twitter Find us on Facebook

YTL CORPORATION

YTL SUSTAINABILITY

UTILITIES
YTL POWER INT.

CONSTRUCTION
YTL CONSTRUCTION

MANUFACTURING
YTL CEMENT

PROPERTY DEVELOPMENT
YTL LAND & DEV.

REIT
YTL HOSPITALITY REIT
STARHILL GLOBAL REIT

TECHNOLOGY
YTL E-SOLUTIONS

COMMUNICATIONS
YTL COMMS.
YTL BROADBAND

EDUCATION
YTL FOUNDATION
FROGASIA
FROG EDUCATION LIMITED

TRANSPORTATION
EXPRESS RAIL LINK

CARBON CONSULTING
YTL-SV CARBON

ENTERTAINMENT
KL PAC

RESTAURANTS
LOT 10 HUTONG
FEAST VILLAGE
SHOOK! SHANGHAI

SHOPPING
L0T 10 SHOPPING CENTRE
STARHILL GALLERY
WISMA ATRIA
NGEE ANN CITY
RENHE SPRING ZONGBEI
DAVID JONES
MYER CENTRE ADELAIDE
PLAZA ARCADE

HOTELS & RESORTS
YTL HOTELS

ADVOCACY PROJECTS
YTL CCW
EARTH HOUR

REWARDS
YTL PLATINUM PLUS


Starhill Gallery - Global Fine Watch Retailer

   
Yeoh (third from left) with (from left) Jankowski, Sew, Lim, Gooi and Chua.
YTL Corporation Managing Director, Tan Sri (Dr) Dato’ Francis Yeoh today announced the impending arrival of Starhill Gallery as the Global Fine Watch Retailer on the Indulge Floor with a floor size spanning 20,000 sq. ft. and featuring 70 luxurious brands.

Kuala Lumpur, 10 May 2005

YTL Corporation Managing Director, Tan Sri (Dr) Dato’ Francis Yeoh today announced the impending arrival of Starhill Gallery as the Global Fine Watch Retailer on the Indulge Floor with a floor size spanning 20,000 sq. ft. and featuring 70 luxurious brands.

I know of no shopping centres or stand alone boutiques in any capital of the world that house and retail fine and luxury watches with a floor plate of 20,000 sq. ft.,” said Yeoh during his speech at a press conference held at the JW Marriott Hotel Kuala Lumpur.

After the press conference, Yeoh took members of the media for a walk to the Indulge Floor for cocktail where he showed the new expansion of the various watch retailers. There was also a mini exhibition of watches by various brands carried by the retailers such as Audemars Piguet, Jaeger-LeCoultre, Graham and Tag Heuer. He was joined by Tan Sri Yeoh Tiong Lay, Executive Chairman of YTL Corporation.

Representatives of the various watch retailers included Dato’ Francis Sew, Managing Director of Swiss Union; Jeremy Lim, Regional General Manager of Cortina Watch; Jenny Chua, Sales Manager of Yafriro; Jaime Gooi, Marketing and Communications Manager of Jaeger-LeCoultre; and Gaetan Jankowski, Sales and Marketing Executive of Audemars Piguet.

Full text of the speech delivered by Tan Sri (Dr) Francis Yeoh:

It has been said that Time and Tide wait for no man. I am therefore pleased to be here today to announce the impending arrival of Starhill Gallery as the Global Fine Watch Retailer. Many may challenge that my claim is at best ambitious, and worse, my confidence overbearing.

I know of no shopping centres or stand alone boutiques in any capital of the world that house and retail fine and luxury watches with a floor plate of 20,000 sq. ft. It is also important to reiterate that luxury watches in Malaysia are free of duty.

We know that Cortina Watch Espace Boutique in Starhill Gallery has been certified as Malaysia’s largest watch boutique by THE MALAYSIA BOOK OF RECORDS. It set a new benchmark in watch retailing when it opened in 2002 with only less than 3500 sq. ft. Now, with the other watch retailers led by the Swiss Union group and the Yafiro group and Cortina’s expansion, I think we can rightly claim that Starhill Gallery is truly the Global Fine Watch Retailer.

While size does matter, it is the level of customer service that truly counts. It is in this area that I have particular confidence that our Starhill Gallery management team, together with the expertise of the fine watch retailers will deliver a level of experience like no other. We know of many important collectors of fine watches from around the world who are repeat customers of Starhill Gallery. We intend to continue in this tradition of excellent service with privacy backed by firm but unintrusive security.

I know that the luxury watch industry can be classified into three categories. First, there is the world of the traditional watch manufacturer such as Vacheron Constantin, Audemars Piguet and Patek Philippe.

The second category consists of companies that were born as jewellers and moved into fine watchmaking – such as Cartier, Bvlgari and Tiffany.


   
Yeoh with one of the luxurious watches on display.

The third category of luxury timepieces, which includes the more fashion-oriented models, is Gucci’s traditional area of expertise. Gucci watches address the needs of a younger, trendier and frequently female customer.

I am pleased to note all of these three categories are present here on the INDULGE floor of Starhill Gallery. There are a total of 70 luxurious brands for you to choose from, each with its own DNA and personality!

It is amazing that a luxury watch consists of more than 300 parts with highly complex mechanisms that are fitted into the smallest of casings! It takes great thought and meticulous work. It is a masterpiece of patience and passion and the apogee of craftsmanship. The Patek Philippe Calibre 89 contains 1728 parts!

When Breguet and Patek Philippe launched the world’s first wristwatches in the 19th century, only the kings and queens of Europe could afford to buy one.

Watches used to be made in winter, when there was less work to do the farms. Even today, many luxury watches are produced in rural areas like the Vallėe de Joux in the Jura mountains of Canton Vaud.

Over the years, production increased and the number of players multiplied, but luxury watches have maintained their status as symbols of success: time is indeed money. Collectors of fine watches include the likes of Jacqueline Kennedy and Brad Pitt.

My friend Rolf Schneider who owns the luxury watch brand, Ulysses Nardin is also a collector. He ‘collected’ a beautiful Malaysian girl as his wife, she is also a masterpiece. We are connected by their adoption of one of our gorgeous Shar-peis.

My good friends, Luciano Pavarotti collects Parmigiani and Pablo Montoya collects Audemars Piguet. I am pleased to note that both of them bought some of their collections from Starhill Gallery. Classic opera singers like Placido Domingo and Cecilia Bartolli and sports personalities like Maria Sharapova and Kimi Raikkonen continue to be ambassadors for these luxury brands synchronising their respective personalities.

Today however, the luxury watch industry is worth US$4 billion dollars and the growth of this category outpaces the growth of watches that are low- and medium-priced. Nowadays, brands like Audemars Piguet, Jaeger-LeCoultre, Maurice Lacroix, Roger Dubuis, Tag Heuer, Bover, De Witt, Parmigiani, Bell & Ross, Cartier, Chopard and Patek Philippe outsell Titoni, Favre-Leuba, Titus, Roamer, Seiko, Citizen and Casio. It is poignant from this fact that no matter how many recessions an economy undergoes, there will always be wealthy people and ardent collectors of these fine pieces of craftsmanship.

Most buyers of luxury watches are members of the jet set who tend to do their shopping while on vacation. Overseas, they feel, the choice is wider and the showrooms more appealing. It is with this in mind that Starhill Gallery hired the global mall design icon David Rockwell from New York to shape the interior of the new Starhill Gallery. We hope the shopping experience we produce will be unforgettable.

Baltasar Gracian said, “God Himself chastens not with a rod but with time” and Anne Swetchine said, “There is, by God’s grace, an immeasurable distance between late and too late”. I pray that the launching of Starhill Gallery as a global fine watch retailer to be opened by July this year will prove to be propitious. I pray that with God’s mercy and grace He will bless this important project. Thank you very much.

Speech delivered by Tan Sri (Dr) Francis Yeoh
Managing Director, YTL Corporation Berhad
at the Press Conference on
Indulge Floor @ Starhill Gallery
on May 10, 2005
at JW Marriott Hotel, Kuala Lumpur




Back
 
    

SPEECHES

INTERVIEWS

THE OSLO BUSINESS FOR PEACE AWARD

TRANSPARENT COHERENT REGULATORY FRAMEWORK

PERSONAL AND SUSTAINABILITY AWARDS

TAN SRI FRANCIS YEOH'S BIODATA

 
 

Contact Us | Newsletter | Career | Privacy Policy
Twitter | Facebook
 
Terms, Conditions and Disclaimers
Copyright © 2001 - 2017 All rights reserved.
Powered by YTL e-Solutions Bhd.