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Watches of Switzerland Acquires Hodinkee October 15, 2024 (0 comments)
BRAUNSTONE, England--Watches of Switzerland Group (WOS) acquired online watch publication, Hodinkee, “with the goal of supporting Hodinkee’s continued operation as a leader in the watch community,” the watch and jewelry retailer said in a recent statement. The terms of the deal were not disclosed.
[BenClymer, Hodinkee founder. Photo credit: Watches of Switzerland Group]
Hodinkee, based in New York, owns a popular watch enthusiast website, a print magazine, a watch insurance service, and a retail operation in which it partners with watch brands to produce limited edition products. This last business was controversial among the website’s loyal following. It will soon shut down. The acquisition also marks the return of Hodinkee founder, Benjamin Clymer, who left the company in 2020. In his own statement on the Hodinkee website about the acquisition, he said he will again be the major decision maker of the business he founded as a blog in 2008.
“We're gonna sit back from retail and let our partners at Watches of Switzerland do the selling,” Clymer said. “We’ll do the writing and the special things that only we can do. That means we will now have more time and energy to focus on what we believe truly makes us special – the ability to inform, educate, and entertain.”
Read more about the acquisition on Forbes.