Osim International

OSIM International Ltd (Chinese: 傲胜国际企业; pinyin: Àoshèng guójì qǐyè) is a Singaporean company. It was originally established in Singapore in November 1980 by Ron Sim as an electrical and household appliance company under the name of R Sim Trading. With a small start-up capital, the company was mainly involved with the marketing of household products such as knives, knife sharpeners and mobile clothes drying rods. In 1989, the company registered the name Health Check and Care, and saw a shift in focus to healthy lifestyle products. The period following this saw tremendous growth for the company, and it developed outlets including Malaysia and Indonesia.

Osim International
Privately held company
IndustryHealthcare
FoundedNovember 1980 (1980-11)
FounderRon Sim
Headquarters65 Ubi Avenue 1, Singapore 408939
Key people
Ron Sim (Chairman, CEO)
ProductsMassage chairs
Revenue S$ 647.616 million (2013)[1]
S$129.153 million (2013)[1]
S$101.595 million (2013)[1]
Total assets S$417.820 million (2013)[1]
Total equity S$343.924 million (2013)[1]
Websitewww.osim.com
Previous Osim logo, used from 2000 to 2010.

In 1993, the company officially launched the OSIM brand name and its distribution network expanded to 60 point-of-sale outlets in Asia. On 25 January 2002, OSIM opened its global business headquarters in Singapore at 65 Ubi Avenue 1.[2] The Business Headquarters Status (BHQ) was awarded to OSIM by The Economic Development Board. In 1993, the company opened its first concept shop in Shanghai, in the People’s Republic of China.

In October 2005, OSIM made a strategic acquisition of US Nationwide specialty retailer Brookstone. OSIM is a combination of the surname of its founder, Sim, and 'O' that stands for the globe.

References
  1. "Financial Statements And Dividend Announcement For The 12 Months Ended 31 December 2013" (PDF). City Developments Limited. 27 January 2014. Archived from the original (PDF) on 27 March 2014. Retrieved 27 March 2014.
  2. "Opening Ceremony of OSIM HQ". NAS. 25 January 2002. Retrieved 21 November 2019.
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