Cambodia Investment Review
The Peak Mall in Cambodia has announced a new partnership with Thakral Group, a Singapore-based conglomerate that will bring world-renowned Swiss luxury watch brands to the country. The announcement was made during a signing ceremony held on 28th April 2023, in the Peak’s 55th Floor VIP room, attended by distinguished guests and businesspeople.
Thakral Group’s Executive Director, Dr. Rikhi Thakral, and his team, including Namdas Thakral, Director, and Arvinder Singh Bedi, Senior General Manager of Thakral Indo-China Pte Ltd, participated in the ceremony.
Pierre Balsan, Managing Director of Bluebell Cambodia, representing The Peak, expressed his honor and privilege to work with Thakral Group to provide luxury watch lovers the most luxurious shopping experience in Cambodia.
Offering a wide range of watches and accessories
Thakral Group is an authorized agent for several leading Swiss luxury watch brands in Cambodia, including Omega, Breitling, Norqain, Rado, Baume & Mercier, Traser, and more. The company will also offer high-quality watch accessories, including Bergeon tools and equipment, Wolf Watch Winders, Watch and Jewelry Boxes, and Morellato Watch Straps.
The new stores at The Peak Mall will feature the global design concepts of the respective brands and offer a wide range of watches and accessories with International Warranty to the people of Cambodia.
Specially trained sales associates will provide an elegant and comfortable shopping experience to all watch enthusiasts, and a world-class service center with trained watchmakers will be set up to deliver efficient after-sales service to customers.
Dr. Rikhi Thakral, Executive Director of Thakral Group of Companies, said, “We are thrilled to be partnering with The Peak to bring luxury watch brands to Cambodia. The Cambodian market has enormous potential, and we believe that our partnership with The Peak will help us create an unparalleled retail experience for luxury watch buyers in Cambodia.”
The introduction of flagship luxury watch brands to Cambodia is a significant milestone for the country’s retail sector. The partnership between The Peak and Thakral Group will undoubtedly enhance Cambodia’s luxury retail experience and solidify The Peak’s position as the ultimate luxury retail destination in Phnom Penh.
Pierre Balsan, Managing Director of Bluebell Cambodia and a LVMH veteran in Asia, said, “The partnership will provide Cambodian customers with access to some of the world’s most prestigious and sought-after luxury watch brands, contributing to a genuine game changer for the Cambodia luxury sector.”
Thakral Group, a presence in Cambodia since 1993
Thakral Group, established in 1905, has its presence in Cambodia since 1993 and is the authorized agent for several leading Swiss luxury watch brands in the country. Thakral’s business interests include timepieces, electronics, consumer lifestyle products, real estate investment and development, retirement homes, and financial services in various countries.
The Peak is a 55-storey integrated development located in Phnom Penh, Cambodia. The Peak features an office tower, two luxury residential towers with 1,014 apartment units, and Cambodia’s first Shangri-La Hotel. The Peak is also home to some of the world’s most prestigious luxury brands, making it the ultimate luxury retail destination in Phnom Penh.
The partnership between The Peak and Thakral Group marks a significant moment in Cambodia’s retail sector’s history, introducing a new era of luxury retail to the country and making luxury goods more accessible to Cambodian consumers.
