In 2013, CHRONEXT saw the potential of the pre-owned watch market, and set out to combine the best of online shopping with the best of brick-and-mortar retail. Philipp Mann and Ludwig Wurlitzer, its two founders, developed a unique model to facilitate the sale and purchase of watches by private individuals and third parties. Chronext.com was the platform that brought all the different elements together. A network of around a dozen physical stores completed the lineup, enabling customers to see the timepieces and try them on, and talk to a personal adviser.
Today, CHRONEXT covers most of central Europe, and has one lounge in Hong Kong. Over the last 8 years, users have flocked to the platform. Today, around 120,000 customers benefited from CHRONEXT’s expertise. The company is famous for its internal procedure designed to verify the authenticity and quality of every watch – a process comprising no fewer than 17 stages. This is what enables CHRONEXT to supply every one of its timepieces with a two-year guarantee.
CHRONEXT has become a leader in the sale of pre-owned watches. The company’s passionate and ambitious management team is complemented by a highly experienced board, including former eBay Senior Vice President, Jacob Fonnesbech Aqraou as Chairman of the Board and former Richemont CEO, Norbert Platt, as Advisor to the Company. The fact that CHRONEXT is still managed day-to-day by its two founders, Philipp Man and Ludwig Wurlitzer, who are avid watch collectors themselves, ensures that the company retains its character as a 100% independent company with almost a family feel. This reassuring stability has convinced one in three clients to repeat their shopping experience with CHRONEXT within 36 months of their first purchase, across the 62 countries it serves in 2020.+ Read the rest