Luxury watches for cheap

Luxury watches for cheap

Postby koimaster » June 27th 2017, 9:08am

Destocking new watches and selling them through alternative channels is a taboo subject in the Swiss watchmaking industry. It’s a growing phenomenon spurred on by the business slowdown in some regions of the world and the fact that retailers are drowning in unsold goods.

In watchmaking circles, they call him Momo the Cleaner. Maurice Goldberger, founder and manager of Canadian company Chiron Inc. specialises in the sale of unsold goods manufactured by the most prestigious brands. His business is booming. In 2015, he bought around the world more than €500 million (CHF541 million) worth of new luxury items which could not be sold through official channels, including nearly CHF150 million worth of watches and jewels.


“2016 got off to a flying start and the market is still expected to grow over the next few years,” he gloats in a telephone interview with swissinfo.ch.


https://www.swissinfo.ch/eng/new-channe ... s/42023776
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