WatchBox launches as global e-commerce platform

Watch industry executives Danny Govberg, CEO of Govberg Jewelers, Liam Wee Tay, former owner of Sincere Watch, and investor and entrepreneur Justin Reis have partnered to launch WatchBox, a global e-commerce platform for the buying, selling and trading of luxury pre-owned timepieces. CMIA Capital Partners, a Singapore-headquartered private equity firm, led an initial investment round in WatchBox to accelerate growth across key global luxury watch markets, earmarking over 100 million dollars of capital to be deployed over the next 18 months to build out its multi-platform strategy.