Richemont Buys Pre-Owned Watch Merchant Watchfinder

Richemont Buys Pre-Owned Watch Merchant Watchfinder

Postby koimaster » June 1st 2018, 11:09pm

UK-based pre-owned watch retailer Watchfinder has just found a new owner, with Richemont having acquired 100% of Watchfinder.co.uk Limited. Set up in 2002, Watchfinder owns seven stores, a significant online sales platform, as well as its own service centre. In the year to March 2017, Watchfinder reported sales of £86m, or about US$115m.

While pre-owned watch dealers of scale exist in most major markets, Watchfinder is unusual in having a large, in-house service centre. Over half of its 200 or so employees work in after-sales service, which is primarily about touching up and servicing pre-owned watches before they are sold. The expense of that operation is likely one reason why Watchfinder’s net margins in the most recent year was about 6%, comparable to that of a traditional, full service watch retailer.

http://watchesbysjx.com/2018/06/richemo ... inder.html
Image

1946-2006

“Your heart was warm and happy

With the lilt of Irish laughter

Every day and in every way

Now forever and ever after."
User avatar
koimaster
Administrator/Founder
 
Posts: 34323
Joined: December 16th 2009, 11:00pm
Location: Oregon

Re: Richemont Buys Pre-Owned Watch Merchant Watchfinder

Postby MKTheVintageBloke » June 2nd 2018, 6:58am

That's a pity, the Watchfinder videos on YouTube didn't blow - now they probably will.
An appeaser is one who feeds a crocodile - hoping it will eat him last.
Winston Churchill

Yeah, well, you know, that's just, like, your opinion, man.
The Dude

Oh, cock!
James May
User avatar
MKTheVintageBloke
Master of Time
 
Posts: 1379
Joined: December 7th 2016, 2:47pm


Return to General Watch talk

Who is online

Users browsing this forum: Pubbie and 13 guests