CHRONEXT, the leading e-commerce company for luxury watches, announces a record turnover for 2020!
For the first time ever, a significant milestone was reached as the company broke through the €100 million mark.
Record Turnover - CHRONEXT Breaks Through €100 Million Mark
A milestone
Philipp Man, CEO and Co-Founder of CHRONEXT, is delighted with the successful results: "This year has clearly shown that the growth of the digital luxury watch market continues to be unstoppable. Even the Corona-related cuts, which have burdened the entire watch market, could not stop this strong trend. This is why we are forecasting a continuation of this development in the coming years and a further increase in demand, especially for Certified Pre-Owned Watches (CPO). The figures also confirm that we are finding the right answers to evolving customer needs, especially in these times. This is what drives us to continue to drive growth in the future."
Market leadership has significantly expanded especially in Germany – CHRONEXT’s core market - with a recorded growth of 25%.
In addition, Philipp Man explains: "In recent years, we have managed to position CHRONEXT as a brand that stands for a secure shopping experience and the direct availability of all luxury watches in a competitive market. Our customers appreciate the promise of being able to try on the watch of their choice at home or in one of our CHRONEXT lounges at any time, without any obligations, easily and free of charge. This is how CHRONEXT combines the best of digital and brick-and-mortar and is reshaping watch retailing."
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