Headlines

Led by 23-Year-Old CEO, Luxury Watch Brand to Make First Timepiece in 15 Years

Published

7 years ago

April 12, 2016

INSTORE Staff

Industry insiders consider the company a “best-kept secret.”

It’s been 15 years since Waldan International last made a watch, but the acclaimed luxury brand is set to begin a new chapter under new leadership, the New York Times writes. The article explains that Oscar Waldan founded the company in 1979, but because of his advancing age and unsold inventory, the watch maker stopped production. Now Oscar’s 23-year-old son, Andrew, has taken the reins, and the company is preparing to launch its first collection designed by the younger Waldan.

Daryn Schnipper, Sotheby’s senior VP and chairman of its international watch division, told the NYT that the Switzerland-made watches cost between $8,000 to $36,000 and are known for a high number of complications. “They’re very highly jeweled, they’re well finished and they are attractive, and their price point is very reasonable,” she says. The article also cites a renowned watch dealer in Rhode Island, who considers the business something of a “best-kept secret.”

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