Rickitt Mitchell has acted as lead advisor to certified pre-owned watch specialist Xupes on its strategic partnership with MPN Marketplace Networks
Neil Mitchell, Kaine Smith and Charlotte Potts of Rickitt Mitchell provided exclusive lead financial
Founded in 2009, Xupes facilitates the buying, selling or exchange of luxury pre-owned watches, handbags and jewellery from the world’s leading brands including Rolex, Omega, Tag Heuer and Cartier.
Xupes were advised by Rickitt Mitchell on its strategic partnership with MPN Marketplace Networks GmbH. The group owns the online pre-owned watch retailer Chrono24, the german pre-owned watch firm Zeitauktion and online watch magazine Fratello.
The new partnership will help the companies work together to mitigate some of the challenges posed by post-Brexit legislation to the pre-owned watch market.
Earlier this year, the company featured on Channel 4’s ‘Second Hand for 50 Grand’ documentary, which followed the fortunes of Xupes to show the progression of the pre-owned market.
Due to its success with viewers, Channel 4 has now confirmed additional follow-on episodes will be made about the business, set to air next year.
Read more on this, including comment from Neil Mitchell, Partner at Rickitt Mitchell and Joe McKenzie, CEO and founder of Xupes on Private Equity Wire here
