Cologne, 26.4.23 - A Swiss investment group has acquired the majority stake of CHRONEXT. The digital sales platform for vintage and new watches was founded in 2013 and employs over 90 people at its Cologne location, including a 15-member team with watchmakers and polishers who perform repairs and authenticity checks in the in-house service center. In 2022, CHRONEXT AG achieved an annual turnover in the triple-digit millions.
Swiss investor group acquires majority of CHRONEXT
Swiss investor group acquires majority of CHRONEXT
The company will now be led by Philippe Roten as CEO. Roten has more than 20 years of experience in the watch industry and has held numerous international leadership positions, including at LVMH and the Swatch Group.
The new management will continue to make CHRONEXT AG future-proof and reposition it as a brand. The plan is to develop the currently predominantly digital platform into a model that represents an innovative combination of online and offline presence.
"We are convinced of the potential of the vintage and CPO markets and want to clearly position ourselves as a service provider and part of the watch industry," says Roten. "Today's customer is accustomed to a combination of online and offline channels. This is where we will focus and offer a modern buying experience while maintaining CHRONEXT's unique quality and service level.”
About CHRONEXT
CHRONEXT AG (www.chronext.com) was founded in 2013 by Philipp Man and Ludwig Wurlitzer. The leading platform for luxury watches employs around 100 people, has a 350 sqm watch workshop for quality and authenticity testing and offers around 7,000 models for sale. With headquarters in Zug (Switzerland) and a further 10 locations in Europe & Asia, the company is internationally positioned and guarantees a fast and secure service. CHRONEXT simplifies the complex structures of the watch market and enables a unique buying experience. For more information, please visit:
Press Contact:
CHRONEXT Service Germany GmbH
press@chronext.com