×
482
Fashion Jobs
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales -Koppal And Gadag
Permanent · Koppal
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales -Gadwal
Permanent · Gadwal
URBAN AVENUES LLP
Immediate Joiner in Real Estate Sales Executive/ Sales Manager
Permanent · Noida
OPPO
Area Sales Manager _Asm up East
Permanent · Jhansi
OPPO
Area Sales Manager _Asm up East
Permanent · Jhansi
INDIA SHELTER FINANCE CORPORATION LIMITED
Area Branch Manager
Permanent · Chennai
JOB INDIA
Area Sales Manager- Operations (Garment Retails)
Permanent · Gurugram
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Merchandising Manager/Quality Manager - Garments Manufacturing Company
Permanent · Bhiwandi
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Officer Hrbp / Business HR For Garment/Textile/Apparel Industry
Permanent · Bengaluru
AAVAS FINANCIERS LIMITED
Area Sales Manager | Home Loan | Mumbai
Permanent · Bengaluru
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales - Rajahmundry
Permanent · Rajahmundry
ZYDUS WELLNESS
Zydus Wellness - Factory Manager - Sikkim Plant
Permanent · Atlanta
ANUSHÉ PIRANI
Social Media & Fashion Communications
Permanent · MUMBAI
HARSH CLEAN DHAN PVT. LTD
Area Sales Manager (Modern Trade Sales) For North East
Permanent · Guwahati
RANDSTAD INDIA PVT LTD
Area Sales Manager (Consumer Durable Industry)
Permanent · Mumbai
AVRO INDIA LIMITED
Area Sales Manager- Ludhiana, Amritsar/ mP-Indore, Bhopal
Permanent · Ludhiana
AVRO INDIA LIMITED
Area Sales Manager- Ludhiana, Amritsar/ mP-Indore, Bhopal
Permanent · Ludhiana
SOSYO HAJOORI BEVERAGES PRIVATE LIMITED
Area Sales Manager
Permanent · Mumbai
VIKRAM TEA PROCESSOR PVT LTD
Area Sales Manager
Permanent · Ahmedabad
HERITAGE FOODS INDIA
Area Sales Manager(Hyderabad & Vijayawada) @ Hfl
Permanent · Hyderabad
NASH INDUSTRIES (I) PVT. LTD.
Production Manager Position With Nash Industries-Pune
Permanent · Pune
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager
Permanent · Noida
By
Reuters API
Published
Nov 23, 2021
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Luxury watch marketplace WatchBox raises $165 million in funding round

By
Reuters API
Published
Nov 23, 2021

Luxury watch marketplace WatchBox raised $165 million of equity capital in a funding round to continue its global expansion, it said on Tuesday.


Photo: Reuters



The Radcliff Companies and The Spruce House Partnership were lead investors and were joined by CMIA Capital Partners along with other existing investors, WatchBox said in a statement.

WatchBox, founded in 2017, said it will use the capital to extend its digital platform and expand into new locations in the United States and internationally while enhancing its inventory.

"WatchBox's sales are up 40% year over year and we are on target to achieve $300 million in sales this year," co-founder and CEO Justin Reis told Reuters.

He said sales had gone up in all markets where WatchBox is present, from the United States to Hong Kong, Singapore, Switzerland and Dubai.

"Rolex, Patek Philippe, Audemars Piguet, and A. Lange & Sohne continue to perform incredibly well alongside leading independent brands," Reis said, adding that demand was soft in more widely distributed mid-tier brands owing to excess supply in the market.

Analysts estimate the market for second-hand luxury watches to be worth $20 billion and say it is growing faster than the primary market.

A study by Deloitte published last month showed almost one in three consumers was likely to buy a second-hand watch in the next 12 months, with younger buyers driving the trend. Deloitte said consumers bought second-hand watches because of lower prices, access to discontinued models and for investment purposes.

 

© Thomson Reuters 2021 All rights reserved.