Watches of Switzerland Acquires Hodinkee Platform

Watches of Switzerland Group PLC has acquired Hodinkee, a prominent online platform for luxury watch enthusiasts, in a move aimed at enhancing its online presence and market share, particularly in the US. The acquisition will integrate Hodinkee's commercial activities, including its limited edition collaborations and insurance services, with WOSG's e-commerce operations while maintaining Hodinkee's editorial independence. CEO Brian Duffy expressed excitement over the partnership, recognizing Hodinkee's significant impact on the luxury watch community. Hodinkee founder Ben Clymer will return to lead the business, ensuring the continuation of its high-quality editorial content. The acquisition, funded through existing financing, is not expected to affect WOSG's leverage significantly. This strategic step aligns with WOSG's Long Range Plan to dominate the luxury watch sector and further engage the affluent audience attracted to Hodinkee's offerings.