Stuart Hennell, Watchfinder’s Founder, Invests in British Pre-Owned Watch Specialist Subdial
Stuart Hennell, the founder of Watchfinder, has invested in Subdial, a competitor in the pre-owned luxury watch market. This investment of £1.5 million comes at a time when Watchfinder, now owned by Richemont, has seen a decline in sales and profitability. In contrast, Subdial has shown growth, increasing its sales and planning to expand its headquarters. Hennell’s investment and advisory role signify a strong belief in Subdial’s potential to outperform in this niche market, leveraging its data-driven approach and focus on collector engagement.
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Emerging Trends in the Pre-Owned Luxury Watch Market
The pre-owned luxury watch market is experiencing significant growth, driven by the appeal of unique and discontinued models, financial sensibility, and sustainability. Key platforms like Chrono24, Watchfinder, Subdial, and Wristcheck are at the forefront of this trend, providing enthusiasts and collectors with valuable opportunities to acquire luxury timepieces at reduced prices. These platforms are not just facilitating transactions but are also fostering a community around the appreciation of luxury watches, making high-end timepieces accessible and desirable to a broader audience.
#LuxuryWatches, #PreOwnedWatches, #WatchCollector, #SustainableLuxury, #Chrono24, #Watchfinder, #Subdial, #Wristcheck, #WatchCommunity, #InvestmentPieces