After launching the Russian version in 2019, Kronos360, which specializes in the sales of luxury watches releases its Italian version this November. This expansion translates the International ambitions of the company, witch trades on a market worth over €15 billions, and a growth of 10% per annum, whilst the first hand market remains stable. Thus, Bain & Company predicts that second hand watch market will bypass the first hand market by 2025.
Kronos360 is the leading French second hand luxury watch online marketplace with over a million connections a yearend a 62% growth in 2019. The platform operates as a secured third party to ensure the authenticity of the watch for the buyer. Its success relies in the different processes of the trade, the watch expertise which are guaranteed by the company, allowing it to keep an average of 8500€ per basket.
Europe alone detains 55% of this international trade, mainly in the UK, France, Germany and Italy. To accelerate its expansion process, Kronos360 targets these four market in priority, with a large preference for the Italian market.
