69 - Danny Govberg, Watchbox CEO: Tech Didn't Kill the Luxury Watch Business After All
Fortt Knox17 Maalis 2018

69 - Danny Govberg, Watchbox CEO: Tech Didn't Kill the Luxury Watch Business After All

Everybody loves a David and Goliath story. The problem is, in business these days, the David is usually a family business, and the Goliath is some technology-juicing giant. Goliath is usually winning.

So here's a story that returns to classic form: Danny Govberg is the CEO of Govberg Jewelers in Philadelphia – and he's also the CEO of Watchbox, an app and website that's shaking up the world of luxury watches. By Govberg's count, he's selling at a rate of $200 million worth of watches this year between the two businesses, much of it in brands like Rolex, Patek Phillipe and Omega – brands that run in the thousands and tens of thousands of dollars per watch. And he says he's growing more than 30% a year.

All of this is happening while the popular narrative is stacked against him. Supposedly hardly anyone wears watches anymore, and for those that do, the Apple Watch and Samsung Watch are running roughshod over the market. Well? That's not the whole story.

I met Danny Govberg at the Breitling Boutique on Madison Avenue in Manhattan – you'll hear the sounds of the store and some construction next door. We talked about how the business evolved from his immigrant grandfather's beginnings as a watchmaker, and why technology is growing his old family business while it's killing others.


Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jaksot(147)

123 - Is SoftBank Spoiling Silicon Valley?

123 - Is SoftBank Spoiling Silicon Valley?

You ever hear about kids taking a gap year after high school? A gap year. It's when they don't go straight to college and don't get a job, they … do something else. Maybe travel to Europe, or hike the...

18 Touko 201926min

122 - The Uber IPO Show; Plus, Amnon Shashua on Intel's Driverless Challenge

122 - The Uber IPO Show; Plus, Amnon Shashua on Intel's Driverless Challenge

Uber had an action-packed IPO that did NOT go the way a lot of people expected. And in the lead-up to that, I got a visit from one of the smartest guys in the world in the field of computer vision – w...

11 Touko 201955min

121 - The Endgame in Streaming for Disney; Plus, VMware CEO Pat Gelsinger

121 - The Endgame in Streaming for Disney; Plus, VMware CEO Pat Gelsinger

Is Endgame just the beginning? Disney has its eyes on the prize in the streaming wars, and now that it’s clocked the biggest movie opening ever – by a mile – all the pieces might be falling into place...

6 Touko 201950min

120 - Apple's Qualcomm Truce, IPO Fever; with The Verge's Casey Newton

120 - Apple's Qualcomm Truce, IPO Fever; with The Verge's Casey Newton

I grew up in Washington, DC in the ‘80s. And 4 out of 5 playground fights ended before they started. Oh, there was plenty of trash talk – name calling, threats, even pushing. But when it was time to t...

22 Huhti 201922min

119 - Winning in the Markets and on the Court: John Rogers, Jr., Ariel Investments founder & CEO

119 - Winning in the Markets and on the Court: John Rogers, Jr., Ariel Investments founder & CEO

John Rogers, Jr. Is Chairman and CEO of Ariel Investments. It has $13 billion under management. It's the largest black-owned investment firm in the country, and he's been running it more than 35 years...

13 Huhti 201928min

118 - IBM CEO Ginni Rometty on A.I. and the Future of Work

118 - IBM CEO Ginni Rometty on A.I. and the Future of Work

This week I spent some time talking to Ginni Rometty, the chairman and CEO of IBM.   I've been wanting to do a CNBC and Fortt Knox interview with Ginni for years now, and this year, it finally all cam...

6 Huhti 201914min

117 - Apple's New Services: Will They Work? Kevin Delaney, Stephanie Mehta, Rebekah Saltsman

117 - Apple's New Services: Will They Work? Kevin Delaney, Stephanie Mehta, Rebekah Saltsman

Apple TV Plus. Apple News Plus. Apple Arcade. Apple Card. We still don’t have all the details, like pricing and mechanics, but Apple CEO Tim Cook hosted Hollywood royalty at the company’s Cupertino he...

30 Maalis 201929min

116 - Beyond the College Cheating Scandal: Plus, Frank Calderoni, Anaplan CEO

116 - Beyond the College Cheating Scandal: Plus, Frank Calderoni, Anaplan CEO

Twenty-five years ago today I was probably really stressed out about the college application and admissions process.   Things have arguably gotten tougher since then for students trying to chart their...

23 Maalis 201953min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
rss-rahapodi
psykopodiaa-podcast
herrasmieshakkerit
rss-rahamania
ostan-asuntoja-podcast
leadcast
rss-lahtijat
rss-seuraava-potilas
rss-merja-mahkan-rahat
rss-40-ajatusta-aanesta
rahapuhetta
rss-porssipuhetta
rss-vaikuttavan-opettajan-vierella
rss-bisnesta-bebeja
rss-paatos-podcast-suomen-kovimmat-paatoksentekijat-2
rss-bisneksen-pehmea-puoli
rss-levosta-kasin-yrittajyys
rss-ma