Pre-Owned Seller WatchBox Raises $165 Million

The US-based e-commerce platform, which also counts stores in Dubai and Hong Kong among other locations, announced a funding round led by The Radcliff Companies and The Spruce House Partnership. 

Watchbox was founded in 2017 by Justin Reis, Tay Liam Wee, and Danny Govberg and has raised $260 million to date, following fast growth in the pre-owned watch market. It expects to generate $300 million in revenue this year.

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The Future of Watches and Jewellery: Adapting to Rapid Change

The inaugural edition of The State of Fashion: Watches and Jewellery Report by The Business of Fashion and McKinsey & Company forecasts a shake-up in priorities for hard luxury as well as different recovery scenarios across geographies and consumer segments.

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