30-05-2011, 05:27 PM
(30-05-2011, 08:02 AM)Thriftville Wrote: Hey buddies, I was at Vivocity yesterday and saw a Coach shop under renovation. So I went to see and check if Kingsmen has won the contract. To my disappointment, the contract was awarded to Stag. Upon searching on Google, Stag is an australian company focusing on high end shop fittings.
The website: http://www.stagsf.com/home
Seems like this company is doing quite well over in SG. they have done fittings for Tiffany (I used to think that Tiffany award all contracts to Kingsmen?).
When companies like Tiffany awards roll-outs, they do not seem to stick to a single company.
I'm not too worried. Kingsmen is bound to have competitors which take away some of its business, but the important thing is that the Company has recurring repeat clients which comprise 70% of its Interiors clientele. At the same time, they are also adding new customers while possibly dropping older ones who may not be as lucrative (part of the dynamics of business).
I am not sure if a single company will always choose Kingsmen, but it is fair to say I do not fret or worry over the operational aspects of the business too much. I leave that to the capable hands of the Management Team at Kingsmen.
My Value Investing Blog: http://sgmusicwhiz.blogspot.com/