Fung Leung Kee Watch (馮良記表行) was a
legendary family-run watch retailer in
Wan Chai that
stood for over 80 years. It officially
closed its doors on March 30, 2026.
The History of Fung Leung Kee
- Wartime
Origins: Founded by Mr. Fung Leung in 1943 during the
Japanese occupation of Hong Kong, the shop became a cornerstone of the Wan
Chai community.
- Rolex
Pioneer: In the 1960s, Fung Leung Kee became
one of the first authorized dealers for Rolex and Tudor in Hong Kong. For
decades, it was the "go-to" spot for many locals buying their
first luxury timepiece to celebrate life milestones.
- Location: Originally located in a tenement building on Johnston Road, it later moved to Tai Yau Plaza due to urban redevelopment. The family also owns the Fung Leung Kee Center nearby.
Why Did It Close?
- Brand
Strategy Shifts: The primary reason cited by
industry analysts was the global trend of luxury brands (like Rolex) tightening their distribution networks and
moving toward direct-to-consumer flagship stores rather than traditional
family-owned dealers.
- Market
Evolution: The rise of smartwatches and
changes in the secondary luxury watch market made the traditional retail
model more challenging.
- Graceful
Retirement: With the family owning
significant real estate in Wan Chai, the closure was seen more as a
"glorious retirement" rather than a financial failure, ending on
their own terms after 83 years of service.
This is after The Tai Hing in Tsuen Wan, the second old Rolex AD come to an end.
We believe more to come to close as Rolex wants to handle by themselves as much as they can.
Paul
