Commentary on Richemont’s Watch finder operation.
Resale is becoming a key element in the strategy of luxury groups. The secondary market for luxury goods is now a playground that the major houses no longer hesitate to invest in. Richemont’s acquisition of Watch finder is a case in point. The acquisition of this platform dedicated to the purchase and resale of high-end timepieces bears witness to the desire of these groups to gain access to a new clientele, build loyalty and create long-term value. Our analysis is that this trend towards resale is set to accelerate.