Chronext has just “offboarded” roughly 30% of their workforce 2 weeks ago. I wouldn’t be astonished if Watchfinder has difficulties, too. Hence these debatable business practices…
IMHO all these large, parallel market, online dealers are having the same problem: too many watches in stock that they bought for too much; hence tons of capital blocked and inventory depreciating now that (used) prices drop.
The difference between Chronext and WF is obviously that the latter is backed by Richemont while the former is burning VC money 😗