MajorsSep 05, 2024
Nordstrom Family Offers to Buy Namesake Retailer for $3.8BWatchesOct 04, 2024
Watches of Switzerland Clocks Another Acquisition—Hodinkee
The company said Benjamin Clymer will return to his role as head of the watch news website, which will maintain editorial independence.
Watches of Switzerland has acquired Hodinkee, the leading watch news website founded in 2008 by Benjamin Clymer, pictured left. The site will remain editorial independence, Watches of Switzerland said, and Clymer will rejoin Hodinkee full time as president.
New York—Watches of Switzerland Group has made another acquisition and this time, it’s an editorial website popular among watch enthusiasts.
The U.K.-based retailer announced Friday that it has acquired Hodinkee as well as Hodinkee’s Insurance, which offers protection for watches and jewelry in partnership with Chubb.
The financial terms of the deal were not disclosed.
The website’s founder, Benjamin Clymer, will return to his role as leader of the platform, a position he has not held since stepping back in late 2020.
His title will be president.
Hodinkee will remain in its New York City headquarters and retain all of its current staff, which totals about 35.
Watches of Switzerland said the platform will run independently as a “leading editorial media organization” under the Watches of Switzerland Group umbrella.
“In a decision based in protecting an integral component of the industry, both teams have a shared goal in growing the global watch community and continuing Hodinkee’s journalism, ensuring the entire watch industry can continue its faith in Hodinkee’s unique voice and lens in which they present unmatched editorial content,” the company said.
Clymer said he “genuinely can’t wait for the future” under Watches of Switzerland’s ownership.
“At its core, Hodinkee was founded on a passion for watches that has never wavered. [Watches of Switzerland Group CEO] Brian Duffy and [Watches of Switzerland Group Deputy CEO] David Hurley, both of whom I’ve known for the better part of a decade, share the passion that launched Hodinkee,” he said.
“I’ve seen how they have disrupted the watch retail world at scale, and I am honored to align Hodinkee with Watches of Switzerland.”
Related stories will be right here …
The U.K.-based retailer announced Friday that it has acquired Hodinkee as well as Hodinkee’s Insurance, which offers protection for watches and jewelry in partnership with Chubb.
The financial terms of the deal were not disclosed.
The website’s founder, Benjamin Clymer, will return to his role as leader of the platform, a position he has not held since stepping back in late 2020.
His title will be president.
Hodinkee will remain in its New York City headquarters and retain all of its current staff, which totals about 35.
Watches of Switzerland said the platform will run independently as a “leading editorial media organization” under the Watches of Switzerland Group umbrella.
“In a decision based in protecting an integral component of the industry, both teams have a shared goal in growing the global watch community and continuing Hodinkee’s journalism, ensuring the entire watch industry can continue its faith in Hodinkee’s unique voice and lens in which they present unmatched editorial content,” the company said.
Clymer said he “genuinely can’t wait for the future” under Watches of Switzerland’s ownership.
“At its core, Hodinkee was founded on a passion for watches that has never wavered. [Watches of Switzerland Group CEO] Brian Duffy and [Watches of Switzerland Group Deputy CEO] David Hurley, both of whom I’ve known for the better part of a decade, share the passion that launched Hodinkee,” he said.
“I’ve seen how they have disrupted the watch retail world at scale, and I am honored to align Hodinkee with Watches of Switzerland.”
The purchase of Hodinkee is the latest in a line of major acquisitions by Watches of Switzerland.
In 2021, the British retailer bought five jewelry stores, including the Betteridge stores in Greenwich, Connecticut, and Vail and Aspen, Colorado.
Earlier this year, the company paid $130 million for the distribution rights to Roberto Coin in the United States—by far the brand’s largest market—as well as in Canada, Central America, and the Caribbean.
It also acquired Analog Shift, a retailer of pre-owned watches, in 2020.
Clymer started Hodinkee nearly two decades ago, launching it in 2008 as a blog where he could share his personal love of watches.
In an article posted on the site Friday, he said Hodinkee started as a “passion project” to indulge his “four great loves”—writing, photography, the internet, and watches.
Over the years, Hodinkee grew into one of the internet’s most widely read sites among watch enthusiasts and collectors.
The company eventually began selling watch accessories and limited-edition watches created in collaboration with big brands like Grand Seiko, Hermès, and TAG Heuer.
In 2021, it acquired Crown & Caliber, a pre-owned luxury watch e-tailer.
Crown & Caliber is not part of the Watches of Switzerland acquisition, as Hodinkee announced this summer that it would no longer sell either new or secondhand watches, a decision Clymer referenced in his letter posted Friday.
“As I said in August,” Clymer wrote, “we’re gonna sit back from retail and let our partners at Watches of Switzerland do the selling. We’ll do the writing and the special things that only we can do.
“That means we will now have more time and energy to focus on what we believe truly makes us special—the ability to inform, educate, and entertain.”
More on Watches
The Latest
AuctionsDec 12, 2024
Tom Brady’s Watches Top $4M at Sotheby’s AuctionThe highest-grossing lot of the sale was the retired QB’s Rolex Paul Newman Daytona “John Player Special.”
SourcingDec 12, 2024
Grizzly Emerald Auction Garners $22.4MRecent expansion initiatives at the Zambian emerald mine have shown strong production numbers, said Grizzly founder Abdoulaye Ndiaye.
MajorsDec 12, 2024
Mark Henry Appoints New Director of SalesCarrie Forman joins the brand to guide it into the next phase of growth with major and independent retailers in the U.S. and abroad.
Brought to you by
Advocacy and Excellence: How Jewelers of America Is Committed to Elevating Our Industry For over a century, Jewelers of America has been the voice of the industry and valuable resource to jewelers across the country.
SourcingDec 12, 2024
De Beers Announces 2024 ‘Shining Light’ Award WinnersThe competition awarded 12 designers, each from a country where De Beers recovers diamonds, with business support and tuition assistance.
Weekly QuizDec 12, 2024
This Week’s QuizTest your jewelry news knowledge by answering these questions.
CollectionsDec 12, 2024
The Jared Atelier x Vera Wang Collection Emphasizes EleganceThe high jewelry collection features 14 one-of-a-kind pieces, with serpent and ribbon motifs winding their way through the collection.
CrimeDec 11, 2024
Former Tiffany & Co. Factory Supervisor Sentenced for Stealing Precious Metals A federal judge gave Benjamin Preacher 59 days in jail, plus 10 months of home confinement and two years of supervised release.
Brought to you by
Protecting Your Sparkle: Why Screening Has Become Essential While no reputable jeweler would knowingly sell lab-grown stones as natural, it's a growing possibility.
GradingDec 11, 2024
IGI Set to Go Public Next WeekIn a CNBC interview, CEO Tehmasp Printer discussed the IPO in India and what declining lab-grown diamond prices mean for the company.
AuctionsDec 11, 2024
Sotheby’s Important Watches Sale Fetches $16.6MThe offering included vintage Rolexes, timepieces worn in “Titanic,” Steve McQueen's watch, and a special Citizen pocket watch.
CollectionsDec 11, 2024
Stephanie Gottlieb Brings Natural Diamonds to StudsThe 13-piece “Stephanie Gottlieb x Studs” collection is the piercing studio’s first fine jewelry offering to feature the gemstone.
IndependentsDec 10, 2024
Sauer Opens First U.S. StoreThe Brazilian jewelry brand made a home on New York City’s Madison Avenue with exclusive pieces only available at the location.
SurveysDec 10, 2024
Jewelry Among Top Sellers on Cyber Monday, Says AdobeAn Adobe Analytics report explored the rise in mobile shopping, the popularity of Buy Now Pay Later options, and peak shopping hours.
Events & AwardsDec 10, 2024
AGTA Launches Scholarship for University of Arizona Geosciences StudentsThe inaugural Dick Greenwood Memorial Scholarship in Gems Science will cover the fall 2025 and spring 2026 semesters.
Events & AwardsDec 10, 2024
JA New York To Debut 2 New Pavilions at Spring 2025 ShowA Piazza Italia pavilion will feature Italian designers and manufacturers while “MJSA Showcase” brings over a piece of the MJSA Expo.
CollectionsDec 09, 2024
Ray Griffiths’ First Coffee Table Book Spans 5 Decades of Design“Ray Griffiths: The Works” tells the story of the master jeweler’s career, which started with an apprenticeship in Australia at age 15.
MajorsDec 09, 2024
Thomas Davis, Grant Mobley Join WJA Foundation Board Davis is the director of business development at Select Jewelry Inc., and Mobley is the jewelry and watch editor at the Natural Diamond Council.
FinancialsDec 09, 2024
Movado’s Q3 Sales Down 3% Amid ‘Challenging’ EnvironmentThe retailer has been upping its marketing spend to drive revenue growth and brand awareness.
IndependentsDec 06, 2024
After 44 Years in Business, This Wisconsin Independent Is ClosingMike Straub and John Treiber opened Treiber & Straub in 1980 with the goal of bringing Milwaukeeans the best jewelry brands.
TrendsDec 06, 2024
Pantone’s Color of the Year Is a Delicious MousseThe color for 2025, “Mocha Mousse,” embodies thoughtful indulgences and everyday pleasures.
CollectionsDec 06, 2024
Piece of the Week: Cocoerow Fine Jewelry’s ‘Kokoro’ PendantThe Yoruba word for ant, “Kokoro” embodies the strength of womanhood in ant society while highlighting responsible sourcing.
FinancialsDec 06, 2024
Roberto Coin Acquisition Gives Watches of Switzerland a Boost in H1The retailer’s jewelry sales doubled, with branded jewelry performing especially well.
FinancialsDec 05, 2024
Signet Jewelers’ Q3 Sales Slide Amid Slow Engagement Ring Sales, Tech IssuesThe jewelry retailer addressed the lab-grown diamond “disruption,” the price of gold, and its holiday weekend performance.
SurveysDec 05, 2024
Consumer Confidence Rises Again in NovemberA more positive view of the current labor market boosted the Conference Board’s index last month.
Events & AwardsDec 05, 2024
Michael S. Krzemnicki to Receive 2024 Bonanno AwardThe director of the Swiss Gemmological Institute (SSEF) will be honored for his impact on gemology and dedication to advancing the science.
Supplier BulletinDec 05, 2024
Join Us For Color's Premier Show: 2025 AGTA GemFair TucsonSponsored by 2025 AGTA GemFair Tucson
Events & AwardsDec 05, 2024
BIJC Announces 2024 ‘Rock the Jewels’ Awards WinnersAt the annual event, in its second year, the organization honored those making remarkable contributions to the jewelry industry.
