glass limited industry watch retailer founded 1979 headquarters singapore key people dr henry tay executive chairman dr jannie chan executive vice chairman products wristwatches revenue sgd 734.9 million 2015 net income sgd 57.9 million 2015 website www.thehourglass.com the hour glass limited sgx ags 1 is a luxury watch retail group in asia . the group currently owns and operates 41 retail stores across 9 cities . 2 headquartered in singapore it reported revenues of 734.9 million for fy 2015 . 3 net profit was up by 5 % to s 57.9 million from s 54.9 million in fy2014 outperforming a contracting regional luxury market . 4 in addition the group also deals in luxury properties and owns high end retail and commercial properties throughout asia . most notably was their recent purchase of two high end australian properties for 37.2 million in 2015 . 5 6 the group also owns watches of switzerland a watch retail chain in singapore that deals with middle to high end swiss timepieces . the group acquired the chain in october 2014 from the jay gee melwani group for 13.3 million . 7 history edit the hour glass was founded in 1979 by the husband and wife team dr. henry tay and dato jannie tay . 8 dato jannie was the managing director of the company and was instrumental in leading it for the first 25 years . their first shop was opened in lucky plaza a shopping mall along singapore s renowned orchard road shopping belt through a partnership with metro holdings . the couple s concept of positioning luxury watches as upmarket collectors items or investment opportunities proved to be so successful which led to their eventual leveraged buyout of metro holdings in 1987 . 9 references edit thehourglass share price chart . yahoo finance . yahoo finance . retrieved 17 august 2015 . about . the hour glass . retrieved 7 august 2015 . jeffrey tan 27 may 2015 . hour glass sees fy15 net profit rise 5 % to 57.9 million on quality control cost management . the edge media group . the edge markets . retrieved 17 august 2015 . fiona lam 27 may 2015 . hour glass fy2015 net profit up 5 % . singapore press holdings . the business times . retrieved 17 august 2015 . annual report . the hour glass . retrieved 7 august 2015 . greg brown 31 october 2014 . singaporean watch retailer the hour glass seizes prime sydney cbd site . the australian . the australian business review . retrieved 17 august 2015 . the hour glass completes acquisition of home grown watches of switzerland . the straits times . retrieved 7 august 2015 . 5 things you should know about the hour glass . the motley fool . the motley fool . retrieved 17 august 2015 . stephen wyatt ; adina wong . the hour glass company the march of time . institutional knowledge at the singapore management university . singapore management university . retrieved 17 august 2015 . external links edit the hour glass limited official website retrieved from https en.wikipedia.org w index.php title the hour glass limited & oldid 735911414 categories watchmaking conglomeratescompanies based in singaporecompanies established in 1979singaporean brands navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 23 august 2016 at 22 39 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view