Page 38 - Forbes - Asia (June 2018)

PROMOTION

V3 GROUP:

RAMPING UP FOR FUTURE GROWTH

The Singapore specialized retailer, with its deep understanding of consumers, is developing new and existing
brands, both oline and online, as it transforms into Asia’s leading luxury lifestyle and wellness group.

Beginning its journey nearly 40 years ago OSIM will continue to build on its domi- collaborative success. We have a wealth of
in 1979 as a small household-goods com- nance in the lifestyle category by building experience operating around the world,
pany, V3 Group is now a global lifestyle and growing its successful operations in and we can leverage on this to build part-
and wellness business with a footprint in 24 China, the world’s second-largest economy. nerships that will further extend the collec-
countries. Apart from OSIM in the lifestyle category, V3 tive leadership position of V3 Group as well
Helmed by Chairman and Chief Executive Group’s portfolio also includes TWG Tea. The as our trusted partners across the Lifestyle,
Officer, Ron Sim, the group has leveraged its label has 68 stores worldwide and is recog- Wellness and Aspirational categories," says
deep consumer and retail experience in five nized as one of the finest luxury tea brands Mr. Sim.
core markets—Singapore, Hong Kong, Tai- in the world. The group’s holdings also This philosophy ensures the group is
wan, Malaysia and China—developing excit- include ONI Global, which has exclusive fran- geared up for continued success across all
ing and dynamic platforms to grow existing chise rights to the GNC brand in Singapore, its brands and operations for many years to
and new brands in both online and offline Malaysia and Taiwan. Together with its own come.
channels. developed brand LAC, Xndo and Face On
The entrepreneur extraordinaire kicked Clinic, ONI Global focuses on helping cus-
off his regional expansion plans after the tomers improve their physical, mental and
recession in 1985, when it was clear to Mr. emotional wellness. V3 Group most recently
Sim that expansion was necessary to sur- invested in Singapore fixtures manufacturer
vive and thrive. His resulting successes are Futuristic, which produces high-quality store
underpinned by a sharp business acumen, fixtures for leading global brands.
deep operational skills and strong financial Going forward, a new collaborative strat-
capabilities. egy will drive the next wave of growth. Tap-
These core capabilities have powered the ping on Mr. Sim’s deep experience, V3 Group
group from the early phenomenal success will identify and work with founders and
of its flagship line of award-winning OSIM partners of small and medium-sized enter-
premium products, and also have won prises who share his vision.
accolades for its founder, including Ernst & "Besides creating and making a differ-
Young's prestigious "Entrepreneur of The ence in your own business, it is crucial to
Year" in 2003, Singapore-based The Business identify and partner with like-minded stake-
Times “Businessman of the Year” in 2003 and holders and entrepreneurs to bring about
“Best Chief Executive Officer” by the Singa-
pore Corporate Awards in 2012.
V3 Group is the realization of Mr. Sim’s
vision of building Asia’s leading luxury group
across the three focus areas of its Lifestyle,
Wellness and Aspirational brands. Expand-
ing through a series of acquisitions over the
past 13 years, V3 Group is now poised to
accelerate its organic growth trajectory by
extending its leadership in its core markets
and penetrating new markets globally while
broadening its portfolio of brands through
acquisitive growth.
The group’s operations currently span
more than 670 stores in 24 countries, and
features an extensive omnichannel network Ron Sim, Chairman and
that provides big data analytical capabilities Chief Executive O cer
across all its brands. of V3 Group