The Hour Glass Secures $90 Million Deal for Australian Luxury Watch Retailer

Dentons, a global law firm, has successfully advised the Singapore Exchange-listed company, The Hour Glass, on a $90 million cross-border acquisition of an Australian luxury watch retailer. The Hour Glass, a well-known luxury watch retailer based in Singapore, continues to expand its footprint across Asia-Pacific, including Australia. The acquisition involved a complex restructure of the target's assets and was completed within a tight time frame, requiring coordination across various practice areas and geographies. Dentons effectively leveraged its M&A capabilities to ensure a successful outcome, upholding its standing relationship with The Hour Glass. This transaction underlines Dentons' proficiency in managing cross-border transactions and highlights its ability to serve clients throughout multiple jurisdictions. The deal was led by Corporate Partners Kurt Tiam and John Mollard with a team including real estate, finance, intellectual property, and various associates and partners from both Australia and Singapore. The transaction aligns with The Hour Glass's strategic intent to enhance its retail presence in Australia.