Quark Co., Ltd. has joined the Watch Near Group through investment from Advantage Partners, aiming to strengthen their market position in the luxury watch sector by leveraging their respective strengths in retail and wholesale channels.
Target Information
Quark Co., Ltd. is a renowned Rolex specialty retailer with a strong presence in the market, operating 18 locations in Japan. The company specializes in the sale, purchase, wholesale, and management of auctions for luxury timepieces. With its recognition and expertise in the domestic retail channel, Quark significantly enhances the Watch Near Group's portfolio, which is already well-established in international and wholesale channels.
Following the completion of this transaction, Hiroyuki Sasaki, the founder of Quark, will remain actively involved in the company’s operations. His continued leadership will be crucial for the smooth integration of both companies, ensuring not only a seamless merger but also setting the stage for further growth and development.
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Industry Overview
The luxury watch industry in Japan is characterized by a strong demand for high-end brands, particularly Rolex, which holds a prestigious status among consumers. The market has seen a robust growth trajectory, driven by ri
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