- Business
- Citychamp Watch & Jewellery Group Limited (0256.HK) is a Hong Kong-based investment holding company principally engaged in the manufacture, sale, and distribution of luxury watches and timepieces; property investments; and banking and financial services. The company offers a portfolio of renowned proprietary and international brands including Rossini and EBOHR in Mainland China, Corum, Eterna, Rotary, Dreyfuss & Co, J&T Windmills, and Ernest Borel, encompassing mechanical movements, stainless-steel alloy watch cases, smartwatch cases, and related accessories sold through self-owned shops, authorized dealers, and distributors in Hong Kong, Mainland China, Switzerland, the United Kingdom, Liechtenstein, and internationally. Founded in 1991 as China Haidian Holdings Limited and renamed Citychamp Watch & Jewellery Group Limited in May 2014, it is headquartered in Kowloon, Hong Kong, and operates across watch manufacturing and distribution, property leasing, asset management, client deposits, loan granting, bond issuance, investment fund services, and investment counseling. In recent developments, the company reported a 26% revenue decline to HK$523.7 million for H1 2025 ending June 30 amid macroeconomic pressures and reduced consumer spending, resulting in a net loss of HK$51.6 million versus a prior-year profit, with sales dropping 83%; it is pursuing recovery through centralized controls, innovation in smartwatches and wearables, dissolution of the inactive Citychamp Allied International Limited joint venture, and Ernest Borel's collaborations with platforms like Douyin for brand expansion; additionally, Montres CORUM Sàrl returned to Swiss management control from the group in a management-led buyout.