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Daniel Wellington Made A $200 Million Business Out Of Cheap Watches - Fashion - Nairaland

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Daniel Wellington Made A $200 Million Business Out Of Cheap Watches by cindyyu830(f): 3:40am On Oct 27, 2015
In 2006, Filip Tysander was backpacking through Australia when he met a wanderer named Daniel Wellington www.gdwatchclone.ru. This was back before everybody had a smartphone, when people still wore a watch to tell time. Wellington’s stood out for its bracelet—a minimalist black-and-gray nylon band, known as a NATO strap, securing a chunky Rolex Submariner to his wrist. After a few more chance encounters with Wellington between Melbourne and Cairns, Tysander became obsessed with the military-inflected accessory. So much so that he went home to Uppsala, Sweden, and built a whole company on the idea, naming it after the stranger who inspired him.

Daniel Wellington, or DW as the company is often abbreviated, makes watches that are both instantly recognizable and so generic they verge on invisible. They come with polished-steel or rose-gold-colored cases, in five sizes from a diminutive 26-millimeter to a medium-large 40mm. The dials are all white, with slim lines marking each hour and hands just wide enough to be legible. The only thing that noticeably sets DWs apart from each other is the strap, which comes in a half-dozen colorful nylons and a few leather options, none flashy enough to mar the luxurious look. With a watch, you often pay extra for minimalism—think A. Lange & Söhne or Piaget—but DWs are cheap, running from $149 to $299.

“Our watches are inspired by the upper echelons of the watch world but at a very accessible price point,” says Frans Sjo, business manager for the U.S. “It’s fair to say that we want everyone to be able to own a Daniel Wellington.” Four years ago, Tysander invested $15,000 to start the company. In 2014 it sold more than a million timepieces and took in $70 million. This year, Tysander projects $220 million in revenue. By comparison, Rolex, which sells $5,000-plus watches, and Tag Heuer, which focuses on $1,000 ones, consider it a good year if they sell a million units.

Which means that, right now at least, it’s good business to sell very expensive watches—or very cheap ones. DW competes with countless other brands in the $100 to $500 sector, including the Bauhaus-style Mondaine and the more military-looking Tsovet. But, in the same way that brightly colored plastic Swatches dominated the 1980s and utilitarian Fossils took off in the ’90s, Daniel Wellingtons own the current decade. “Often a designer watch whose core reason to exist is that it is fashionable this season is probably no longer viable next season,” says Steve Bock, former president of Fossil and current president of Bedrock Manufacturing, the parent company of Shinola watches.

Re: Daniel Wellington Made A $200 Million Business Out Of Cheap Watches by nairalandmaster(f): 3:40am On Oct 27, 2015
such post usually makes me speechless. no matter how fast i think my brain boot, such post gets it nagging.
Re: Daniel Wellington Made A $200 Million Business Out Of Cheap Watches by nairalandmaster(f): 3:46am On Oct 27, 2015
nice one op. keep it up
Re: Daniel Wellington Made A $200 Million Business Out Of Cheap Watches by nairalandmaster(f): 3:51am On Oct 27, 2015
nice one op. keep it up.

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