Timeline Group, the group of retail watch stores under Wizer Industries Inc., is eyeing European countries for new brands to bring into the Philippine market. This after it just recently tapped a prestigious watch brand from Japan.
Ray Jacinto, president and chief executive officer of the Timeline Group, said in an interview with reporters that while it may still take them about three years to bring in a new product, they are on the lookout for more brands, especially those that are in European countries.
“Right now, we are not in the talks, but we are trying to look at the market. For instance, what will be the possible brands that would fit into the Philippine market?” Jacinto said.
“There’s another one that we’re looking at, because a lot of people look at these places when it comes to watches. These are in other European countries,” he added.
The group will have to delay the sourcing of new foreign brands because it plans to expand some of its products within the country first.
“We are planning to put up another concept, but right now I can’t tell you because it’s in the works. But we would like to expand the number of stores first for the Swiss brands,” Jacinto said.
“Once we finish that in the next few years, we’ll go for a new one,” he said.
Several days ago, renowned Japanese maker of timepieces, Citizen, opened its first freestanding store in the Philippines under a partnership with the Timeline Group.
According to Jacinto, eventually the company will be expanding Citizen stores all throughout the country but it will establish it presence first in Metro Manila.
“By the time we build up the product in Metro Manila, it would be easy for us to penetrate it in other places,” he said.
As of now, the company has two other luxury watch brands that it hasn’t launched yet, Jacinto added.
Moving forward, Jacinto said that the group is planning to expand its retailing business for the growing number of international brands.
“The trending would actually be going to retailing. Moving forward into the future, everyone will just directly go retailing here. Distribution will actually be a side business,” Jacinto said.
He cited that when it comes to distributorship in the country, the group is one of the oldest but for retailing, it is the youngest.
“For distribution, we started 1963 but for the retail, we started 2001 December. So in the retail part, we’re very young. On the distribution part, we’re one of the pioneers,” Jacinto added.