Connect with us

Headlines

Online Watch Retailer Shuts Down

mm

Published

on

The firm operated WorldofWatches.com.

Online retailer Swiss Watch International has shut down its operations, the South Florida Business Journal reports.

The company cut 129 jobs, according to a WARN filing it submitted to the state of Florida.

Swiss Watch International operated WorldofWatches.com, along with TheWatchery.com and eWatches.com.

The company said in the WARN filing that it had operated under a forbearance agreement since July 2016. Under that arrangement, “Swiss Watch’s lenders allowed the company to remain operating while we attempted to obtain additional financing and business and remain in operation as a going concern.

“Unfortunately, while the company believe that it would be successful in obtaining new financing and business, we recently learned that the company’s efforts to remain in operation have [not] been successful,” Swiss Watch International explained in the filing.

The company was founded in 1983.

Advertisement

Read more at the South Florida Business Journal

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

Wilkerson Helped This Jeweler to Navigate His Retirement Sale Despite a Pandemic

Hosting a going-out-of-business sale when the coronavirus pandemic hit wasn’t a part of Bob Smith’s game plan for his retirement. Smith, the owner of E.M. Smith Jewelers in Chillicothe, Ohio, says the governor closed the state mid-way through. But Smith chose Wilkerson, and Wilkerson handled it like a champ, says Smith. And when it was time for the state to reopen, the sale continued like nothing had ever happened. “I’d recommend Wilkerson,” he says. “They do business the way we do business.”

Promoted Headlines

Most Popular