Cortina Holdings to take over retail operations from luxury retailer in Victoria, Australia for A$24.5 mil

Nicole LimTue, Dec 16, 2025 • 06:26 PM GMT+08 • 1 min read

Cortina Holdings has entered an agreement with a luxury retailer in Victoria, Australia to take over its retail operations for A$24.5 million ($21 million).

The transition of retail operations from the existing luxury retailer will be made to Cortina (Australia), and will be funded by internal resources and bank borrowings.

Cortina says that this is in line with its strategy to deepen its footprint in Australia.

The group specialises in the retail and distribution of luxury and high-quality timepieces and accessories and operates across Singapore, Malaysia, Thailand, Indonesia, Hong Kong, Macau, Taiwan and Australia.

Shares in Cortina closed flat at $3.50 on Dec 16.

Cortina Holdings to take over retail operations from luxury retailer in Victoria, Australia for A$24.5 mil

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