A leading leather and watch care label with excellent branding is seeking a business takeover. Incepted in 2021, they have managed to attain Shopee Mall status within a short span of 2 years.
Currently only sold on Shopee, these products can be used in particular on mid- to high-end leather items and watches. Their best-selling products include their gentle and versatile personalised leather cream, a specialised gentle cleanser for the cleaning of the hardware of handbags, and multi-purpose microfiber and polish cloths. They are also the authorised distributor of one of the most famous polish cloths for metals, such as watches or precious metals.
Business is debt-free. The takeover includes the entire inventory and ownership of their website and shop on Shopee. Part of their inventory includes a range of alcohol-free sanitizers for broad-spectrum usage, unlabeled plastic spray bottles, anti-mould bags, high-quality printed bags for packaging purposes, and other items.
As more awareness for sustainability and upcycling increases, the market for pre-owned luxury has been increasing exponentially year-on-year. As such, the demand for products needed for the upkeep of leather care and watches proliferated. Even so, leather care and watch care products are still in their infancy.
The acquirer must be able to understand the fashion industry, in particular the pre-owned luxury industry. This business will be a good complement to existing businesses in this field.
Singapore
