Three prominent authorized retailer groups in the US and one global pre-owned platform have consolidated into one brand.
Govberg, Radcliffe, and Hyde Park Jewelers, which all own multiple prestigious authorized watch stores in the United States, have merged under one name, along with global pre-owned specialists Watchbox.
The newly formed brand name is The 1916 Company, selected as an homage to the original date that Govberg was founded.
All of the companies will ultimately become The 1916 Company, rolled out over different timelines. The WatchBox and Govberg locations and digital properties will likely reflect those changes sooner than the Radcliffe and Hyde Park locations, sites, and so forth, and all will change in time. The tentative timeline is 6 months, which is fast compared to other recent watch retailer mergers that are taking years not months.
The company’s presence spans eight multi-brand authorized dealer salons (which all carry Rolex) and five mono-brand boutiques in Philadelphia and Ardmore, PA; Baltimore and Towson, MD; Newark, DE; Denver, CO; Newport Beach, CA; and Scottsdale, AZ.
These locations are complemented by pre-owned collector lounges with $200+ million in combined inventory (formerly Watchbox) in Switzerland, Hong Kong, Singapore, Shanghai, Dubai, New York, Los Angeles, Miami, and Boca Raton.
John Shmerler and Damon Gross of Radcliffe and Hyde Park Jewelers, respectively, will lead The 1916 Company’s authorized retail network. Justin Reis and Danny Goverg of Watchbox and Govberg/Watchbox will act as the global CEO and Executive Chairman, respectively.
According to Philadephia Business Journal, “Govberg projects the 1916 Company to generate more than $600 million in revenue in 2024, up from about $400 million between Govberg Jewelers and WatchBox.”
Photo by The 1916 Company.