Japan-listed company Valuence expands in Hong Kong with a new sustainability initiative

Valuence International Limited, the Hong Kong subsidiary which acts as the international headquarters of the Japan-listed company Valuence Holdings Inc. that mainly operates luxury goods purchasing business, opened its third NANBOYA location in Kwun Tong today (30 August 2021), and will launch a new sustainability exhibition in partnership with MAGO Gallery of Japan on 2 September.

With the group’s name Valuence a combination of ‘value’, ‘experience’ and ‘intelligence’, the company endeavours to offer a new value and experience to its customers with its long-cultivated knowledge and wisdom. The group is also committed to sustainability to create shared value with customers and partners, to make the world a better place to live in.

Valuence group first landed in Hong Kong in 2015 by launching its B2B pre-owned diamond auction business which has been tremendously successful given Hong Kong’s status as an international jewellery trading hub. The group subsequently brought its luxury goods purchase business NANBOYA to Hong Kong by opening their first location in Tsim Sha Tsui in July 2019 and NANBOYA Central in December 2020. With the good reception of the two locations, the group is opening in Kwun Tong to capture the market opportunities in Kowloon East.

Managing Director of Valuence International Limited, Mr Susumu Muguruma, said “Although the second location opened in the midst of COVID-19 pandemic, there were much more customers than we expected. We learned the importance of being close to the community so that people can stop by on the way home and keep visiting us on weekly basis. Therefore, we searched for such premises and decided to open in Kwun Tong where many of our valued customers live. As it is also a business district with creative hot spots and is expected to be one of the busiest districts in the near future, we believe the location is ideal.”

Apart from the opening of the third location, the group will collaborate with MAGO Gallery of Japan to showcase the importance of sustainability to the well-being of people and the earth. MAGO Gallery is founded by artist Mr Mago Nagasaka in Japan, who upon seeing the impact of electronic waste on the lives in Agbogbloshie, Ghana, adds value to electronic waste by creating arts out of it, to share about the issue of over-production and waste creation on earth. Part of the sales proceeds are used to fund supplies and improvement projects in Ghana.

It is the first collaboration of the two companies to bring an exhibition to Hong Kong and the gallery will expand worldwide via the group’s subsidiaries. The first exhibition will take place at the Valuence office in Tsim Sha Tsui, with similar collaborations to take place in other cities.

Valuence will collaborate with MAGO Gallery to realise the vision of "sustainable capitalism", in which sustainable economic growth can be achieved and values can be shared with local people, with "culture", "economy" and "social contribution" being key pillars of the project.

Mr Muguruma said “We collaborate with MAGO Gallery as we also believe in sustainable capitalism. We have subsidiaries in 14 countries and are planning to actively expand our footprint, and we think that our expansion can support his global project. We will collaborate by organising exhibitions in Hong Kong, Paris, New York and Los Angeles. We decided to start our collaboration in Hong Kong, as this is where our global headquarters is located.”

Associate Director-General of Investment Promotion, Mr Charles Ng, said, “We are happy to see the expansion of Valuence group in Hong Kong and its commitment to sustainability by launching a new space. It offers not only additional value and experiences to its customers, but also showcases the importance of sustainability for business in a creative way.”

About Valuence group

Established in December 2011, Valuence Holdings Inc is a Japan-headquartered company engaging in pre-owned luxury goods trading including pre-owned luxury goods, jewellery, antiques, and art objects. In March 2018, the company became listed on the Mothers section of the Tokyo Stock Exchange. For more information, please visit www.valuence.inc/en/.

About Invest Hong Kong

Invest Hong Kong is the department of the Hong Kong Special Administrative Region Government responsible for attracting foreign direct investment and supporting overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services for overseas and Mainland companies. For more information, please visit www.investhk.gov.hk.

For photos, please visit: www.flickr.com/photos/investhk/albums/72157719735185171.

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