Watchfinder news and archive

YNAP and Watchfinder boost Richemont's Q3 revenues

In the three month period ended December 31, 2018, Compagnie Financière Richemont SA said that with the consolidation of YNAP and Watchfinder regrouped for the first time under the newly created Online Distributors business area, group sales grew by 24 percent to 3,915 million euros (4,511 million dollars) at constant exchange and by 25 percent...

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Business

Second hand fashion set to become a bigger market than luxury by 2022

Buying second hand clothes is nothing new, but the sector has been growing considerably thanks to the Internet. The second hand market generated 360 billion US dollars worldwide in 2017, according to fashion resale service Thredup, with online sales of second hand items growing 35 percent against just 8 percent for brick and mortar stores. By...

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Business

Richemont announces acquisition of Watchfinder.co.uk

The Swiss luxury goods group Compagnie Financière Richemont SA has acquired 100 percent of the share capital of Watchfinder.co.uk limited, pre-owned premium watch specialist, in a private transaction with its shareholders. The company said, together with Yoox Net-A-Porter and its stake in Dufry, the acquisition of Watchfinder is another step in...