Chrono24 Names McKinsey Exec as New CEO
Carsten Keller, who most recently worked for German e-tailer Zalando, will take the reins next year.
Co-CEOs Tim Stracke, who is also the company’s founder, and Holger Felgner have named Carsten Keller as their successor, effective Jan. 1.
Most recently, Keller worked for German fashion e-tailer Zalando for eight years, founding its “Connected Retail” venture, allowing more than 7,500 offline retailers to sell their goods online.
Prior to that, he spent more than a decade with McKinsey & Company, serving in several leadership positions and advising in the fashion and luxury sectors.
In a press release, Stracke said the decision wasn’t easy to make, but he and Felgner knew they would need to find a successor to lead Chrono24 into the next phase of growth.
“Carsten’s expertise in the luxury industry and with fast-paced online marketplaces, as well as his experience in the leadership team of a publicly traded company, make him a one-in-a-million candidate to unlock the next chapter for Chrono24.”
Chrono24 celebrated its 20th anniversary this year, highlighting its community of more than 35,000 professional and private sellers who are offering more than 530,000 luxury timepieces to its more than 9 million monthly active customers.
The watch seller achieved so-called unicorn status, meaning it was a privately held company with a valuation over $1 billion, after its 2021 funding round.
It has continued to charm investors, recently welcoming football icon Cristiano Ronaldo as an investor. LVMH CEO Bernard Arnault’s Aglaé Ventures also has sunk money into the company.
Stracke and Felgner will remain key shareholders and active members of the board, which Stracke will lead as chairman.
Keller shared his excitement about taking the reins.
“Chrono24 has revolutionized the luxury watch sector over the past 20 years. I am incredibly honored to lead this true global champion. Tim and Holger have done an incredible job building the company. The opportunity ahead of us is huge. Now, a good part of my job will be to strengthen our ability to focus, innovate and accelerate, making Chrono24 the home for every watch enthusiast,” he said.
The Latest
The necklace is featured in the brand’s “Rebel Heart” campaign starring Adam Levine and Behati Prinsloo.
The two organizations will host a joint event, “Converge,” in September 2025.
Big changes appear to be on the horizon for the diamond miner and its parent company, Anglo American.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.
Jesse Cole, founder of Fans First Entertainment, shared the “five Es” of building a fan base during his AGS Conclave keynote.
The announcement came as the company reported a 23 percent drop in production in Q1.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
The three-time Pro Bowler continues to partner with the retailer, donating to a Detroit nonprofit and giving watches to fans.
A double-digit drop in the number of in-store crimes was offset by a jump in off-premises attacks, JSA’s 2023 crime report shows.
Inspired by the Roman goddess of love, the designer looked to the sea for her new collection.
The luxury titan posted declining sales, weighed down by Gucci’s poor performance.
The selected nine organizations have outlined their plans for the funds.
The mining company’s Diavik Diamond Mine lost four employees in a plane crash in January.
Emmanuel Raheb recommends digging into demographic data, customizing your store’s communications, and retargeting ahead of May 12.
Located in the town of Queensbury, it features a dedicated bridal section and a Gabriel & Co. store-in-store.
A 203-carat diamond from the alluvial mine in Angola achieved the highest price.
Ruser was known for his figural jewelry with freshwater pearls and for his celebrity clientele.
The “Rebel Heart” campaign embodies rebellion, romance, and sensuality, the brand said.
Editor-in-Chief Michelle Graff shares the standout moments from the education sessions she attended in Austin last week.
The overhaul includes a new logo and enhanced digital marketplace.
The money will go toward supporting ongoing research and aftercare programs for childhood cancer survivors.
A new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The move will allow the manufacturing company to offer a more “diverse and comprehensive” range of products.
From now through mid-May, GIA will be offering the reports at a 50 percent discount.
De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.