By  on June 1, 2018

LONDON — Compagnie Financière Richemont is tightening its grip on high-end watch sales with the purchase of Limited, a purveyor of pre-owned watches online and through seven brick-and-mortar stores.

Richemont, whose brands include Cartier, IWC, Panerai and Jaeger-LeCoultre, has only just begun to embrace the digital world with its purchase Yoox Net-a-porter Group. It has also been a stranger to the pre-owned market, preferring to sell new watches and keep a tight grip on their distribution.

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