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

Episoder(147)

115 - Should Big Tech Break Up? Plus, Playwright Dominique Morisseau

115 - Should Big Tech Break Up? Plus, Playwright Dominique Morisseau

Have tech companies gotten so big that it’s bad for the economy? Senator Elizabeth Warren says so. She’s proposing to break up not one, but several tech giants, including Amazon, Apple, Facebook and G...

16 Mar 201941min

114 - Fortnite vs. Apex Legends, Plus Ciena CEO Gary Smith

114 - Fortnite vs. Apex Legends, Plus Ciena CEO Gary Smith

You’ve probably heard of Fortnite. It’s a game and more than a game – a cultural moment that’s swept in with all the force of Pokémon Go, and arguably more of the staying power. There’s the game itsel...

9 Mar 201957min

113 - Opening Tech: The Diversity Challenge. With Anu Duggal, Female Founders Fund; Kathryn Finney, Digital Undivided; Ruben Harris, Career Karma

113 - Opening Tech: The Diversity Challenge. With Anu Duggal, Female Founders Fund; Kathryn Finney, Digital Undivided; Ruben Harris, Career Karma

There’s little question that technology – software – is shaping the future of our work, our play, and even how we form opinions. But who is shaping that technology?  It’s been quite an economic run. T...

2 Mar 201926min

112 - Amazon Leaves NYC: Good or Bad? With Anand Giridharadas and Robert Frank

112 - Amazon Leaves NYC: Good or Bad? With Anand Giridharadas and Robert Frank

So long, New York! Amazon has pulled out of its commitment to build a massive campus and bring 25,000 to 40,000 high-paying jobs to Long Island City in Queens. On Valentines Day!  Roses are red / viol...

16 Feb 201930min

111 - Is Facebook Really That Bad? Roger McNamee and Antonio Garcia Martinez

111 - Is Facebook Really That Bad? Roger McNamee and Antonio Garcia Martinez

Facebook is worth almost a half trillion dollars. It has more than 2 billion users who log in at least once a month. It has a famous CEO, Mark Zuckerberg, hailed in Silicon Valley as a Bill Gates for ...

9 Feb 201929min

110 - #Nevertweet: Time to Cut Back on Social? Farhad Manjoo, Jeff Jarvis, Chris Moody, Jaron Lanier

110 - #Nevertweet: Time to Cut Back on Social? Farhad Manjoo, Jeff Jarvis, Chris Moody, Jaron Lanier

Apple this week pulled a Facebook app from the App Store. It’s called Facebook Research, and its purpose was to let Facebook watch everything that users did on the phone. Apple says the snooping app i...

2 Feb 201931min

109 - Fender CEO Andy Mooney; Plus, in the Netflix Era, What Makes a Show Valuable?

109 - Fender CEO Andy Mooney; Plus, in the Netflix Era, What Makes a Show Valuable?

He did this the hard way – grew up playing guitar in a band, skipped college, became an accountant by testing into the profession and, after he got into the corporate world, made a lateral move into m...

26 Jan 201956min

108 - Behance Founder Scott Belsky; Plus, Walter Isaacson and Jim Stewart on the Future of Journalism

108 - Behance Founder Scott Belsky; Plus, Walter Isaacson and Jim Stewart on the Future of Journalism

Scott Belsky didn’t drop out of college, didn’t go straight into being an entrepreneur – he had an idea about what a certain group of customers needed, and he kept tweaking his approach until he built...

21 Jan 20191h

Populært innen Business og økonomi

lydartikler-fra-aftenposten
stopp-verden
dine-penger-pengeradet
e24-podden
rss-borsmorgen-okonominyhetene
rss-penger-polser-og-politikk
pengepodden-2
finansredaksjonen
livet-pa-veien-med-jan-erik-larssen
utbytte
tid-er-penger-en-podcast-med-peter-warren
stormkast-med-valebrokk-stordalen
morgenkaffen-med-finansavisen
okonomiamatorene
liberal-halvtime
pengesnakk
rss-politisk-preik
lederpodden
rss-pa-konto
rss-markedspuls-2