Luxe Holdings Limited (JSE:LUX) said on September 19, 2022 it was in advanced negotiations to sell a group of assets via its subsidiary Luxe Jewellery and Watch Division, to its chief executive. The group said in a JSE regulatory notice on September 19, 2022 the assets include Arthur Kaplan and World's Finest Watches, and the talks about a possible cash disposal were with Go Dutch Proprietary. If the proposed transaction goes ahead, Luxe will be left with one last major operating subsidiary NWJ Jewellery.

The possible sale represents a related party transaction as Go Dutch is a company of which Althea Gewar, Luxe's chief executive, is the sole director and shareholder. Luxe said in a statement the proposed deal would provide it with a cash injection to support the remaining operations and settle existing commitments in the business.