Headlines

Soccer’s Cristiano Ronaldo Invests in Watch Platform Chrono24

The company will benefit not only from the investment but also from Ronaldo’s name recognition.

Published

10 months ago

July 17, 2023

INSTORE Staff

Soccer’s Cristiano Ronaldo Invests in Watch Platform Chrono24

Chrono24 CEO Tim Stracke with Cristiano Ronaldo.

Soccer superstar Cristiano Ronaldo, who is known to love luxury watches, has bought a stake in Chrono24.

The amount of Ronaldo’s investment in the resale platform has not been revealed.

The company, with a valuation of over $1 billion, will benefit not only from the investment but also from Ronaldo’s name recognition as the world’s highest-paid athlete, Business Insider reported.

Ronaldo stated: “As a long-term watch collector and regular user of Chrono24, it’s a pleasure for me to become a shareholder in the company now. Chrono24 unites millions of watch lovers from all around the world to share in their passion, together – that global unification is something I know well and am thrilled to be a part of.”

Chrono24 noted that Ronaldo joins previous investors including Bernard Arnault’s family investment company, Aglae Ventures, General Atlantic, Insight Partners and Sprints Capital – who together led Chrono24’s Series C round in August 2021.

“No one brings passion for luxury watches to the world stage quite like Cristiano,” said Chrono24 CEO Tim Stracke. “He has already solidified his place as one of the greatest athletes in history, and as an investor shows astute knowledge of world-class luxury and technology. That coupled with his authentic, proven passion for watch collecting makes him the perfect teammate as our company moves further into global expansion and our next chapter.”

Ronaldo plays for the Portugal national team and the Saudi Professional League club Al Nassr.

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”