Specialist watch marketplace Chrono24 says sales rose by 50% last year, further evidence of a dramatic shift towards shopping online for prestige timepieces during the pandemic.
The financial announcement comes alongside news that the Germany-based business has hired its first chief financial officer, Stephan Kniewasser, who took up the post at the end of last year.
Mr Kniewasser’s 25 year career has taken him from the banking and finance sector into digital pure plays including a two year spell as CFO and managing director at Teamviewer.
Chrono24 points out in its announcement that he laid the groundwork for an IPO while at Teamviewer that valued the business at $5.78 billion and is now worth around $10 billion.
“With Stephan Kniewasser, we have found a strategic professional to fill our new CFO position. After increasing our sales by over 50% last year, we look forward to tackling our next set of ambitious goals with him,” says Chrono24 co-CEO Tim Stracke.