In 2011, they have more than 10 stores across the Singapore, Malaysia, and China markets. Formerly An Epicentre For Apple ProductsĮpiCentre was established in 2002 by four friends who had invested $500,000 to launch a store at Wheelock Place.įour years into the business, they were awarded Apple’s Best Point-of-Sale in Asia, and got listed on the Catalist board in early 2008. They revealed to ST the business made a net loss before income tax of about $55,000 in the half-year ended December 2017. They told ST that as Apple intends to open more stores, EpiCentre “has decided to dispose the business” and concentrate its efforts on its beauty, wellness, and lifestyle arm, while keeping a lookout for other opportunities.ĮpiCentre is still operating as an Apple Authorised Reseller in Malaysia. The parent company said sales fell greatly and blamed “competition from other Apple Premium Retailers and the Apple store at Orchard, which opened last year, for the divestment”. The sale will see EpiCentre give up their rights to run the Apple Authorised Reseller and Apple Premium Reseller business in Singapore, but it is up to shareholders’s approval.Īccording to Straits Times (ST), Elush (T3) will be granted the license to use its signature “EpiCentre” and “Live Out Loud by EpiCentre” at no extra fees. The former received a meagre S$516,275 in the deal.ĮpiCentre Holdings, the Catalist-listed parent company announced yesterday (26 June) that they will be giving up all of its four EpiCentre stores and its online store for $516,275 to Elush (T3), which runs Apple reseller chain, iStudio. According to InsiderRetail, EpiCentre Holdings has just posted a loss of S$7.1m million loss for the last year after cutting ties with Apple.Īt the end of June, the Singapore Apple reseller announced that it has sold its four physical stores and its online store to competitor Elush (T3), which runs iStudio.
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