8 March 2022, Singapore – V3 Group Limited (or the “Group”), the Singapore-based holding company led by businessman Ron Sim today announced the completion of its re-organisation to support its continued growth.
The Group has a diversified portfolio of assets in the well-being, luxury gourmet, capital markets, real estate, and integrated healthcare services segments.
Going forward, the Group will comprise three core business units – V3 Brands together with leading global investment group and significant shareholder KKR, V3 Capital, and V3 Assets.
Mr Ron Sim, Executive Chairman of the Group, said, “The brands and businesses under V3 Group performed well in 2021, underscoring the Group’s growth potential and resilience despite an ongoing global pandemic. The establishment of our key business units will further sharpen our business building approach, strengthen our focus, and give us added flexibility as we pursue growth. I am confident that this re-organisation will further enhance the Group’s ability to innovate, grow, and execute, as we pursue our vision of creating scalable and sustainable value for our stakeholders.”
Mr Jaka Prasetya, Partner of KKR, said, “We strongly believe in the continued growth of Asia’s consumer sector. This re-organisation by V3 Group will further enhance its ability to build brands and capture opportunities across Asia and beyond. We look forward to more success from Ron and his team ahead.”
V3 Brands will focus on the ownership and creation of brands in the well-being and luxury gourmet segments in Asia and around the world. The unit includes subsidiary V3 Brands Asia Limited (“V3 Brands Asia”), which holds OSIM, the pioneer and global leader in branded healthy lifestyle products.
V3 Brands Asia has recently filed an application for an initial public offering on the main board of Hong Kong’s stock exchange.
Other holdings in V3 Brands include wellness supplements brand LAC, store fixtures specialist Futuristic Fixtures, and a stake in Cat & the Fiddle, Singapore’s first premium Halal-certified cheesecake retailer. V3 Brands also owns the V3 Gourmet unit dedicated to global luxury gourmet lifestyle, which holds brands such as TWG Tea, Bacha Coffee, and Le Cabestan in Casablanca, Morocco.
Complementing V3 Brands are two other business units – V3 Capital and V3 Assets.
V3 Capital will seek thematic investment opportunities in the global markets to generate value and innovation for the Group. With a mandate for both traditional and alternative investments, the unit has the flexibility to engage with a range of structures and vehicles. It will maintain a deal-ready posture to support the Group in its wider mission of value creation.
V3 Assets holds interests in enduring real estate assets and integrated healthcare services. The unit is a significant shareholder in integrated real estate and healthcare company Perennial Holdings Pte Ltd., which focuses strategically on large-scale mixed-use developments in Asia. Perennial is also an integrated healthcare services owner, operator and provider in China.
The Group’s brands and businesses collectively serve over 3 million customers across over 5,000 retail touchpoints in 118 cities and 26 countries around the world.
For media queries: email@example.com
About V3 Group
V3 Group is a Singapore-based holding company with a globally diversified portfolio that includes leading brands and businesses in the well-being, luxury gourmet, capital markets, real estate, and integrated healthcare services segments.
The Group is guided by three Vs – the Vision to create exceptional brands of distinctive quality, nurtured by leaders with Valour, and anchored by our Values of innovation, ownership, and excellence. V3 refers to these three core qualities, as well as the three units that drive our growth – V3 Brands, V3 Capital, and V3 Assets.
Our brands and businesses include iconic names such as OSIM, LAC, TWG Tea, Bacha Coffee, and more. Collectively, our brands engage over 3 million customers worldwide with a combined footprint of over 5,000 retail touchpoints in 118 cities across 26 countries.