Hodinkee will not retain its current CEO, Jeffery Fowler, or the secondhand platform Crown & Caliber following its acquisition by Watches of Switzerland. A spokesperson confirmed that Crown & Caliber has been sold to an undisclosed new owner, despite Hodinkee having acquired it in 2021. Watches of Switzerland already operates a secondhand business, Analog, purchased in 2020. Hodinkee founder Benjamin Clymer will assume the role of president, focusing on the site’s insurance division, which underwrites $750 million in watches annually.
Clymer previously announced a shift back to Hodinkee’s roots as a news source, ceasing most retail operations. He emphasized the decision was made to benefit the industry as a whole. Despite concerns over potential conflicts of interest due to Rolex’s ownership of a competing retailer, Clymer assured that Hodinkee will operate independently, covering various brands and retailers without bias.
Clymer, who stepped back from the CEO role in 2020, is eager to reclaim control and ensure Hodinkee’s long-term viability. He expressed pride in Hodinkee’s achievements, acknowledging past challenges while remaining optimistic about stability under Watches of Switzerland.
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