Is Crown & Caliber, the trusted name in pre-owned luxury watches, going out of business? This question has been on the minds of many watch enthusiasts and collectors. While the company has indeed experienced major changes, the core of its operations remains strong. Whether you’re a seasoned watch collector or new to the luxury watch scene, it’s important to understand what’s really happening with Crown & Caliber.
Crown & Caliber Overview
Crown & Caliber has positioned itself as a reputable online marketplace for pre-owned luxury watches. Known for its commitment to quality and authenticity, the company quickly gained the trust of watch lovers worldwide. Whether you’re searching for a vintage Rolex or a limited-edition Omega, Crown & Caliber has often been the go-to destination for collectors.
The company excelled by offering a well-curated selection of verified watches, each undergoing a rigorous inspection process. Crown & Caliber’s guarantee of authenticity created a devoted customer base. Over the years, they became synonymous with reliability, setting a standard in the pre-owned watch market.
Is Crown & Caliber Going Out of Business?
Despite rumors, Crown & Caliber is not shutting down its operations. The company underwent significant changes, most notably a change in ownership. Acquired by the European Watch Company, a leading luxury watch retailer, Crown & Caliber continues to operate. This change marked a new chapter rather than an end to the company.
Ownership transitions can be challenging for any business, especially in niche markets like luxury watches. The sale came after Hodinkee Inc.’s acquisition in 2021, an initially promising move that encountered unforeseen difficulties. Although changes were necessary, the core business idea and commitment to quality remained intact. With the support of European Watch Company, Crown & Caliber aims to continue its legacy.
Current Status of Crown & Caliber
Crown & Caliber remains operational and active. Under new ownership, the company continues to provide its renowned services as a full-service watch dealer. It specializes in the buying and selling of pre-owned watches and accessories. This transition period is seen as an opportunity to refine and improve services rather than a step towards closure.
Social media presence is often a strong indicator of a company’s current activity. As of March 2025, Crown & Caliber remains engaged with its audience through regular posts. This indicates a stable footing in the watch industry and a dedication to maintaining its market presence. Transitioning ownership often brings about operational changes, but for Crown & Caliber, it’s primarily business as usual.
Is Crown & Caliber Going Out of Business?
Is Crown & Caliber Facing Financial Troubles?
Challenges are inevitable with ownership changes, leading to speculation about financial issues. Hodinkee’s ownership of Crown & Caliber saw staffing reductions and market changes. Nearly 75% of Crown & Caliber’s staff were laid off during Hodinkee’s tenure, raising concerns about future stability.
The second-hand luxury watch market experienced growth around the time of Hodinkee’s acquisition. However, market conditions eventually worsened, complicating the transition. Initial expectations of a seamless merger based on Hodinkee’s audience and Crown & Caliber’s expertise fell short. These setbacks were primarily during the ownership transition, not indicative of Crown & Caliber’s long-term financial health.
Is Crown & Caliber Still Operating in 2025?
Yes, Crown & Caliber is still very much in operation in 2025. Now under the aegis of the European Watch Company, Crown & Caliber continues its journey. Maintaining its core mission, the company is hopeful for a vibrant future in the luxury watch sector. Both brands share a common vision of luxury watch retail, combining strengths to pave a new path.
With a rich history in watch sales and customer service, European Watch Company’s acquisition brought stability. This change is a continuation rather than a closure. For Crown & Caliber, this development is about achieving its ambitious future goals.
Alternatives to Crown & Caliber
While Crown & Caliber remains a trusted name, knowing other options is helpful. There are several reputable alternatives for those exploring the pre-owned luxury watch market.
One popular option is WatchBox, a global leader in luxury watch trading. They focus on a seamless buying and selling process with a robust online marketplace featuring a wide selection. If you’re in the market for certified pre-owned watches, WatchBox is a strong contender.
Another notable alternative is Chrono24, a worldwide online hub for luxury watch enthusiasts. Known for its vast range of listings and global presence, Chrono24 offers access to countless pre-owned timepieces. Their platform emphasizes safety and authenticity, providing peace of mind for buyers and sellers alike.
Who Purchased Crown & Caliber?
Stepping forward as the new owner, the European Watch Company acquired Crown & Caliber. Based in Boston and known for their luxury watch expertise, their purchase ensures continuity in Crown & Caliber’s operations. Transitioning ownership was a crucial step towards reinforcing the company’s presence in the market.
Before this acquisition, Hodinkee’s ownership presented challenges, prompting a change in direction. This new chapter allows Crown & Caliber to tap into the European Watch Company’s extensive resources and expertise. The acquisition represents a positive step, focusing on Future achievements for both brands.
Conclusion
To wrap things up, Crown & Caliber is not going out of business. A major ownership change with the European Watch Company’s acquisition continues its operations with an optimistic outlook. Despite the past challenges during Hodinkee’s ownership, Crown & Caliber maintains its trusted position in the market.
For those interested in buying or selling luxury watches, Crown & Caliber remains a strong and reliable choice. Explore their offerings and see for yourself! Explore more Business stories on our website for insights into the luxury watch market.
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