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

Avsnitt(147)

75 - Satya Nadella, Microsoft CEO: The Vision for Power in Cloud and AI

75 - Satya Nadella, Microsoft CEO: The Vision for Power in Cloud and AI

I’ve never had a repeat guest on Fortt Knox in the year and a half I’ve been doing this. That’s not because there’s a rule against it, I just never had a compelling reason to.   That changes this week...

7 Maj 201836min

74 - Vlad Shmunis, RingCentral founder and CEO: A Multi-Billion-Dollar Midlife Crisis

74 - Vlad Shmunis, RingCentral founder and CEO: A Multi-Billion-Dollar Midlife Crisis

Vlad Shmunis just wasn't an enthusiastic employee. Didn't like following directions. And he had ideas – lots of ideas. Eventually, something had to give. So the entrepreneurial engineer took a leap, e...

28 Apr 201834min

73 - Rafat Ali, Skift founder & CEO: A Long Journey to Paid Content and Beyond

73 - Rafat Ali, Skift founder & CEO: A Long Journey to Paid Content and Beyond

Rafat Ali has done something remarkable in an era where it's really tough to make money telling people the truth. He built and sold PaidContent, a site that covered the digital media revolution with t...

21 Apr 201831min

72 - Rob Solomon, GoFundMe CEO: This Leader Bet the Farm on Generosity

72 - Rob Solomon, GoFundMe CEO: This Leader Bet the Farm on Generosity

GoFundMe is a generosity powerhouse – it's helped people raise a total of more than 5 billion dollars for all kinds of causes and pet projects. Rob Solomon is its CEO. Late last year, Solomon made a b...

14 Apr 201824min

71 - Tim Ryan, PwC U.S. Chairman: Tech is Reshaping the Dynamics of Global Business

71 - Tim Ryan, PwC U.S. Chairman: Tech is Reshaping the Dynamics of Global Business

Tim Ryan grew up in a working-class family in Boston, where his early jobs included a paper route and a job at a grocery. He’s now the U.S. chairman of PriceWaterhouseCoopers, the global accounting fi...

30 Mars 201833min

70 - Tony Xu, DoorDash CEO: It's About Data, Not Just Food or Delivery

70 - Tony Xu, DoorDash CEO: It's About Data, Not Just Food or Delivery

This week on the podcast? DoorDash cofounder and CEO Tony Xu. He just raised more than half a billion dollars to build out his business.  There’s this idea out there that today’s consumers are lazy, a...

24 Mars 201825min

68 - Abe Ankumah, Nyansa cofounder & CEO: Building on a Legacy of Entrepreneurship

68 - Abe Ankumah, Nyansa cofounder & CEO: Building on a Legacy of Entrepreneurship

Abe Ankumah had never touched a computer before he arrived at Caltech in 1997, but quickly became captivated and decided to major in computer science. Now he’s the cofounder and CEO of Nyansa, a Silic...

10 Mars 201832min

Populärt inom Business & ekonomi

framgangspodden
badfluence
varvet
rss-jossan-nina
rss-borsens-finest
rss-svart-marknad
uppgang-och-fall
rss-dagen-med-di
rss-inga-dumma-fragor-om-pengar
lastbilspodden
fill-or-kill
borsmorgon
avanzapodden
bilar-med-sladd
tabberaset
bathina-en-podcast
rss-veckans-trade
kvalitetsaktiepodden
rss-kort-lang-analyspodden-fran-di
svd-tech-brief