Skip to main content

Agenda-setting intelligence, analysis and advice for the global fashion community.

Pre-Owned Seller WatchBox Raises $165 Million

Watchbox. — Watchbox. (NATEE MEEPIAN)

By

Chantal Fernandez

23 November 2021

The US-based e-commerce platform, which also counts stores in Dubai and Hong Kong among other locations, announced a funding round led by The Radcliff Companies and The Spruce House Partnership.

Watchbox was founded in 2017 by Justin Reis, Tay Liam Wee, and Danny Govberg and has raised $260 million to date, following fast growth in the pre-owned watch market. It expects to generate $300 million in revenue this year.

Learn more:

The Future of Watches and Jewellery: Adapting to Rapid Change

The inaugural edition of The State of Fashion: Watches and Jewellery Report by The Business of Fashion and McKinsey & Company forecasts a shake-up in priorities for hard luxury as well as different recovery scenarios across geographies and consumer segments.

In This Article

Topics

Luxury

© 2026 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Luxury

How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.

Prada Sales Climb 9% in 2025 as Versace Era Begins

Prada Sales Climb 9% in 2025 as Versace Era Begins

Strong growth at Miu Miu helped lift results, but the Italian luxury group said that integrating Versace will weigh on margins in the near term as it begins the turnaround of the struggling brand

Swatch Group vs Morgan Stanley: It’s Time for Transparency

Swatch Group vs Morgan Stanley: It’s Time for Transparency

After Swatch Group launched an attack on Morgan Stanley’s influential annual watch report, Swatch-owned Tissot cracks open the door for a glimpse at some numbers and Robin Swithinbank says it’s time a secretive industry came clean on financials.

Is Armani Any Closer to a Stake Sale?

Is Armani Any Closer to a Stake Sale?

Half a year after Giorgio Armani’s death, it appears to be business as usual at the sprawling fashion empire while potential investors continue to circle with no firm bid in sight.

This Week: Gucci, Fendi and Marni Put to the Test

This Week: Gucci, Fendi and Marni Put to the Test

Kering, LVMH and OTB all have significant skin in the game this Milan Fashion Week with new designer runway debuts at storied Italian brands.

Latest News & Analysis

Unrivalled, world class journalism across fashion, luxury and beauty industries.

Prada Sales Climb 9% in 2025 as Versace Era Begins

Strong growth at Miu Miu helped lift results, but the Italian luxury group said that integrating Versace will weigh on margins in the near term as it begins the turnaround of the struggling brand

Oasis Pressures Kao in Latest Japan Activist Investor Push

Activist fund Oasis Management Co. is calling on the Japanese personal care company to convene an extraordinary general meeting, seeking a probe into its supply-chain risk management and internal control.

American Eagle Forecasts Sales Growth Above Estimates on Demand From Wealthy Shoppers

The retailer surpassed annual sales forecasts but expects a $60 million drag from import tariffs in the first half of 2026.

The Estée Lauder Companies Acquires Forest Essentials

The luxury Ayurvedic skincare line will be the first deal by the conglomerate under the leadership of Stéphane de La Faverie.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

CONNECT WITH US ON

© 2026 The Business of Fashion. All rights reserved. For more information read our , , and .