Wempe cuts ties with Nomos in protest
Germany’s biggest luxury watch retailer, Wempe, which also has a flagship store on London’s Bond Street, has terminated its relationship with Nomos. The decision was taken in response to Nomos appointing secondary watch market specialists Chrono24 and Chronext as official partners. “Supplying products to Internet platforms that have not been licensed to date, and that primarily draw their product range from the gray market, is contrary to our marketing strategy,” said Wempe CEO Kim-Eva Wempe to WatchPro. Nomos appointed Chronext and Chrono24 this summer, a signal that significant brands see these global digital platforms as a route to market for new as well as pre-owned and grey market stock.