Ashford Acquires WatchNetwork.com

Ashford.com, one of the Internet's leading retail Web sites, announced Feb. 15 that it will acquire online luxury watch retailer WatchNetwork.com, which bills itself as "the Web's authorized watch retailer." Watches are already Ashford's largest retail category, and acquisition of Watchnetwork.com is "a key element in our drive to build our relationships with the Swiss watch community" says Kenny Kurtzman, CEO of Ashford.com. Ashford has been criticized in the past for offering some watch brands that it wasn't authorized to sell. The acquisition also provides Ashford with "a talented team of watch industry experts and an industry-leading advisory board," Kurtzman notes. "Ashford.com is an invaluable resource for the watch industry and will soon be known as the leading authorized watch dealer on the Internet," says Scott Hockler, president and CEO of Watchnetwork.com. "We believe the
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