Hodinkee, a prominent watch enthusiast site, now has a new owner, the Watches of Switzerland Group, reflecting the growth in the U.S. watch market.
Benjamin Clymer stated this acquisition was the first that felt truly right, emphasizing the synergy between Hodinkee and Watches of Switzerland in enhancing the watch business.
The Watches of Switzerland Group has entered the U.S. market strategically, beginning with the acquisition of Mayors and later establishing a presence in New York City.
David Hurley, deputy chief executive, mentioned that the serious discussions regarding the partnership with Hodinkee started only in December 2023, showcasing the relevance of timing in such business decisions.
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