Everybody loves a David and Goliath story. The problem is, in business these days, the David is usually a family business, and the Goliath is some technology-juicing giant. Goliath is usually winning.
So here's a story that returns to classic form: Danny Govberg is the CEO of Govberg Jewelers in Philadelphia – and he's also the CEO of Watchbox, an app and website that's shaking up the world of luxury watches. By Govberg's count, he's selling at a rate of $200 million worth of watches this year between the two businesses, much of it in brands like Rolex, Patek Phillipe and Omega – brands that run in the thousands and tens of thousands of dollars per watch. And he says he's growing more than 30% a year.
All of this is happening while the popular narrative is stacked against him. Supposedly hardly anyone wears watches anymore, and for those that do, the Apple Watch and Samsung Watch are running roughshod over the market. Well? That's not the whole story.
I met Danny Govberg at the Breitling Boutique on Madison Avenue in Manhattan – you'll hear the sounds of the store and some construction next door. We talked about how the business evolved from his immigrant grandfather's beginnings as a watchmaker, and why technology is growing his old family business while it's killing others.
107 - What Really Mattered at CES 2019, with Julia Boorstin, AMD, IBM, Mobileye, Verizon
106 - WW CEO Mindy Grossman; Plus, Wellness and Fitness Tech for 2019
105 - UpWork CEO Stephane Kasriel: Is the Full-Time Job A Dinosaur?
104 - Intel interim CEO Bob Swan; Plus, Real Estate Insight for 2019
103 - Three Tech Controversies from 2018: Digital Data, Fun and Money
102 - Salesforce co-CEO Keith Block; Plus Your Game Plan for Consumer Cloud
101 - AWS CEO Andy Jassy: The Plan to Stay Ahead in the Cloud
100 - Max Levchin, PayPal co-founder and Affirm CEO: Disrupting Money (Again)
99 - KIND Snacks Founder Daniel Lubetzky; Plus, Outsmart the Holiday Season
98 - BlackBerry CEO John Chen; Plus, How to Beat Amazon
97 - Panera CEO Blaine Hurst; Plus, Why Parents Must Make A Screen Time Strategy
96 - Luis von Ahn, Duolingo CEO: Could Language Be Key to Closing the Wealth Gap?
95 - HotelTonight CEO Sam Shank, Plus Cannabis Goes Legal in Canada
94 - Carnival CEO Arnold Donald: Achieve Despite the Doubters
93 - New Rules of the PC Market: A Practical Buying Guide, with Patrick Moorhead
92 - SiriusXM Buying Pandora, and A New Cloud Alliance: Tim Westergren, Pandora Co-founder
91 - What the Most Successful Founders Have in Common: Maynard Webb, Scott Galloway, Robert Frank
90 - Analyzing the New iPhone XS Max & Apple Watch with Chrissy Farr, Josh Lipton, Jillian Manus
89 - Nike’s Gamble; Facebook & Twitter Go to Washington. With Charles Duhigg & Ellen Pao
88 - How to Get Pay-Boosting Skills Without Going Broke
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Mad Money w/ Jim Cramer
American Greed Podcast
CNBC’s ”Fast Money”
Squawk on the Street
CNBC’s ”The Suze Orman Show”- Full Show