Bedat & Co Luxury Watches Sold to Malaysian Company
I saw on WWD that luxury watch brand Bedat & Co has been sold to a Malaysian firm, Luxury Concepts Watches & Jewellery Sdn Bhd. (link) Bedat & Co was previously owned by the Gucci group. (news here)
My first thought when I read this bit of news was “Oh my! We in Malaysia can actually afford it in these times?!” So I looked up the Luxury Concepts company and saw that they are the ones behind the luxury brand watches in Starhill Gallery. These are the stores where you can go to buy your Patek Philippe and Armand Nicolet and other brands I’d never heard of in the mainstream market.
Is this an achievement? Well, put it this way. When will you ever see Gucci, luxury and Malaysia in the same sentence again? We hit the main fashion retail news for once!