All the founders came on board full time, additional staff were hired, and the whole enterprise moved to a small office in Maidstone.

You also have the option to opt-out of these cookies. Ein entsprechender Test läuft bereits seit März im Londoner Shop der Richemont-Marke . Then $67.00 per month.New customers onlyCancel anytime during your trial, Try full digital access and see why over 1 million readers subscribe to the FT, FT print edition delivered Monday - Saturday along with ePaper access, Premium FT.com access for multiple users, with integrations & admin tools, Purchase a Trial subscription for $1.00 for 4 weeks, You will be billed $67.00 per month after the trial ends, Purchase a Digital subscription for $7.10 per week, You will be billed $39.50 per month after the trial ends, Purchase a Print subscription for $3.83 per week, You will be billed $16.59 per month after the trial ends, Purchase a Team or Enterprise subscription for per week, You will be billed per month after the trial ends, Fears of UK house price bust rise after summer sales boom, Report says Trump paid no income tax for 11 years, Brexit teams race against clock as trade talks enter final straight, Judge blocks Trump’s app store ban on TikTok, Armenia and Azerbaijan declare martial law and mobilise over enclave, China’s biggest chipmaker SMIC hit by US sanctions, Trump raises prospect of Supreme Court striking down health law, Bidenomics: sharp shift to left touts workers over wealth, Nikola founder bought truck designs from third party, London bankers balk at EU relocation over virus travel worries, EU officials debate Brexit threat to dual London listings, HSBC shares rebound after China’s Ping An increases its stake, Destruction of value in US real estate revealed, Emerging economies tap debt markets but risks pile up ahead, Former blockbuster investment funds fall from grace, UK insurers push for speedy post-Brexit changes to EU rules, The looming legal minefield of working from home, Complacent insiders sow the seeds of their own demise, How Barclays paved the way for Rolls-Royce cash call, Concentrated power in Big Tech harms the US, The next financial crisis may be coming soon, How better routines create happier workers | Free to read, Beware leaders who think they can flout their own rules, Property investor Ric Lewis: ‘Nobody wants to work with people they don’t like’, ‘Re my blog on returning to work: the title GBBO (Get Back or Bugger Off) was a joke’. Watchfinder.co.uk Ltd, PO BOX 1368 Maidstone, ME14 9WE Company no. Commenting on the transaction, Mr Johann Rupert, Chairman of Richemont, said: “Sixteen years ago, Watchfinder’s founders foresaw the need for an online marketplace for premium pre-owned timepieces.

LVMH, , owner of the Hublot, Tag-Heuer and Zenith brands, was also considering launching a pre-owned watch business, a Swiss newspaper reported in March.Many third-party second-hand watch businesses operate primarily online, including Chronext and Chrono24.The Watchfinder deal comes as Richemont, which owns fashion labels like Chloe and other watch brands like Baume & Mercier - takes control of luxury goods shopping platform Yoox Net-A-Porter, "Together with YOOX NET-A-PORTER and our stake in (Swiss duty free company) Dufry. The transaction is expected to close in the summer of 2018 and will have no material impact on Richemont’s consolidated net assets or operating result for the year ending 31 March 2019. LVMH LVMH.PA, owner of the Hublot, Tag-Heuer and Zenith brands, was also considering launching a pre-owned watch business, a Swiss newspaper reported in March.Many third-party second-hand watch businesses operate primarily online, including Chronext and Chrono24.The Watchfinder deal comes as Richemont, which owns fashion labels like Chloe and other watch brands like Baume & Mercier - takes control of luxury goods shopping platform Yoox Net-A-Porter YNAP.MI to boost its online presence.

, the acquisition of Watchfinder is another step in Richemont’s strategy," the company said. Watchfinder’s dominance in the pre-owned market was recognised in 2018 through the purchase by international group Richemont. Today, Watchfinder operates both as an ‘online’ and ‘offline’ business in a complementary, growing, and still relatively unstructured segment of the industry. Good or bad, we will wait and see? The company’s most recent accounts show turnover in the financial year ending March 2017 of £85 million, up from just over £60 million the previous year, but managing director Stuart Hennell has stated that the business is now trading at an annualised turnover of £120m. All quotes delayed a minimum of 15 minutes. Today, Watchfinder operates both as an ‘online’ and ‘offline’ business in a complementary, growing, and still relatively unstructured segment of the industry. But opting out of some of these cookies may have an effect on your browsing experience.

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