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...Arjen van de Vall, chief executive of UK-based Watchfinder, which buys and sells pre-owned luxury watches and is owned by Richemont, said a boom in demand for high-end watches during the pandemic was a “...
...In 2021, Richemont-owned Watchfinder became the first UK-based pre-owned watch seller to remove gender labels from its website....
...Subdial also remains a fledgling player in a competitive market dominated by the Richemont-owned Watchfinder, WatchBox of the US, and Chrono24, which, according to its chief executive, Tim Stracke, has annual...
...Richemont purchased resale site Watchfinder in 2018, while MB&F offers a trade-in service and Ninety in London’s Mayfair is a dedicated store for Richard Mille’s certified pre-owned watches....
...secondary market was always higher than the new retail price, but that was accentuated when they discontinued it completely,” says Alex Stonely, head of sales and operations at pre-owned watch specialist Watchfinder...
...Switzerland’s Richemont bought a watch resale website Watchfinder in 2018, while US department store Neiman Marcus in 2019 took a minority stake in Fashionphile, a shopping site for second-hand luxury handbags...
...group Richemont — owner of an extensive portfolio of watch brands including Panerai, IWC, Cartier, Vacheron Constantin and Jaeger-LeCoultre — surprised the industry by buying second-hand sales platform Watchfinder...
...At group level, Swiss luxury goods company Richemont acquired Watchfinder, an online and physical retailer of pre-owned watches, in June 2018....
...Last June Richemont of Switzerland bought Watchfinder, a UK online marketplace for luxury watches....
...Overall sales during the quarter were 25 per cent higher, largely as a result of the group’s acquisitions of online distributors Yoox Net-a-Porter (YNAP) and Watchfinder....
...Mr Rupert said Watchfinder, which employs 200 staff, operated in a “still relatively unstructured segment” of the industry....
...“It’s happened with Richemont and the second-hand [digitally focused] Watchfinder, so why not?” he says....
...He will have direct responsibilities for Yoox and Watchfinder....
...It also backed online watch retailer Watchfinder, acquired in June by Richemont, the Swiss luxury goods retailer. Additional reporting by Javier Espinoza...
...Phil Edmondson-Jones of investment company Beringea, which exited its £3m investment in Watchfinder in July following Richemont’s move, says the website’s data pool will be of particular use to the group...
...On Friday, the luxury group reported that online sales jumped from 1 per cent to 14 per cent of group sales, thanks to its recently acquired online distributors Yoox Net-a-Porter (YNAP) and Watchfinder....
...It has also bought UK-based Watchfinder, an online and shop-based retailer of “pre-owned” luxury watches....
...Those who specialise in more modern pre-owned watches include Watchfinder.co.uk, which had revenues of £85m in 2016-17, and Berlin-based Watchmaster.com. Both have a vintage offering on their sites....
...John Guy, a luxury analyst at MainFirst Bank, cites second-hand watch ecommerce sites such as Chrono24 and Watchfinder, which are using storytelling to sell....
...Builders thwarted another raid the following day, this time on the Avery Row premises of pre-owned specialist Watchfinder, by wrestling a man to the ground and binding his wrists with nylon cable ties....
...Watchfinder, the UK specialist in previously owned watches, believes the vote for Brexit may have boosted business....
...Watchfinder & Co, which sells pre-owned watches and reported turnover of £55.5m last year, employs watchmakers from Spain, France, Denmark and Finland at its Maidstone service centre....
...Lloyd Amsdon, 42, and Stuart Hennell, 44, founded Watchfinder, a retailer of luxury pre-owned watches, in 2002. It has since turned over £174m....
...But, he says, it is not simply the fact that new watches have become more expensive that has helped Watchfinder....
...The group is being led by Matt Bowling, servicing director of pre-owned, premium watch retailer WatchFinder & Co, a business that relies heavily on watchmakers to sustain its £60m annual turnover....
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