LVMH-Backed Luxury Watch Site Hodinkee Cuts a Fifth of Jobs
- Market prices for second-hand timepieces have fallen sharply
- Hodinkee is among top US websites for luxury watch content
Hodinkee, an online watch retailer and news site backed by Bernard Arnault’s LVMH Luxury Ventures, is cutting almost 20% of its staff as prices for pre-owned timepieces slump.
The company has eliminated about two dozen positions, according to people familiar with the matter.