Profit triples at Cartier owner as UK sales rise Retail Profit has almost tripled at the UK arm of the luxury goods giant behind the likes of Cartier, Net-a-Porter and Montblanc, new results have revealed. Richemont UK has posted a pre-tax profit of £30m for the 12 months to 31 March, 2025, according to its latest accounts which have been filed with Companies House. The [...]
Watchfinder continues in the red as sales tick below £100m Retail Watchfinder continued to make a heavy loss during its latest financial year as its sales dipped below the £100m mark. The London-headquartered business, which sells second-hand watches, has reported a pre-tax loss of £12.6m for the 12 months to 31 March 2024. The figure comes after the firm also lost £12m in the prior year. [...]
Subdial: How the pre-owned seller is changing the watch game Life&Style Subdial, the pre-owned, data-driven watch retail platform, has a new investor in the form of former Watchfinder CEO Stuart Hennell. Hennell, who left Watchfinder, following its sale to Richemont, in 2018 has purchased a substantial minority interest in the business. Hennell is uniquely placed to advise Subdial. Unlike the likes of Chrono24, which is essentially [...]
Vacheron Constantin launches pre-owned service (finally!) December 5, 2024 The booming secondhand market accounts for a full quarter of luxury-watch sales (as of EveryWatch’s survey in March). So what took venerable Vacheron Constantin, with its 260 years of watchmaking history, so long to launch a Certified Pre-Owned scheme (especially given Rolex launched its equivalent two years ago)? The simple answer may well be because [...]