New World Solutions Enters $31 Billion Global Watch Market with Majority Stake in dialMKT
TL;DR
Investors in New World Solutions (OTC: REGRF) (CSE: NEWS) gain a competitive advantage in the luxury watch market.
dialMKT's digital ecosystem integrates content, e-commerce, and community for the luxury watch enthusiast market.
New World Solutions (OTC: REGRF) (CSE: NEWS) aims to create a community and e-commerce platform for watch enthusiasts, potentially generating significant revenues.
Venture capital is flowing into online watch market platforms, attracting notable investors and shaping the future of the industry.
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New World Solutions (OTC: REGRF) (CSE: NEWS) has made a strategic move into the lucrative global watch market by acquiring a majority stake in dialMKT, a digital platform for watch enthusiasts. This acquisition positions New World Solutions as the first 'pure play' stock focused on the multibillion-dollar watch enthusiast market, which is projected to reach $29-32 billion by 2025 according to McKinsey & Co.
dialMKT is developing a digital ecosystem that integrates content, e-commerce, and community for watch enthusiasts. With an existing community of nearly 18,000 users across various digital channels, dialMKT is poised to launch its e-commerce platform within the next 30 days. This platform will enable users to buy, sell, and trade their collections, potentially generating significant revenues for New World Solutions.
Jack Marks, CEO of dialMKT and Chairman of New World Solutions, emphasized the potential of their user base, noting that many community members have watch collections valued between $50,000 and over $1 million. The company anticipates that a significant portion of these enthusiasts will become customers on the e-commerce platform.
The digital transformation of the watch market has attracted substantial venture capital, with investors such as Bill Ackman, Jay Z, Tom Brady, and Bernard Arnault backing similar online watch market platforms. This trend validates New World Solutions' investment thesis and highlights the growing importance of digital platforms in the luxury watch sector.
As the global pre-owned watch market for luxury brands continues to expand, New World Solutions' entry into this space through dialMKT could represent a significant opportunity for investors interested in the intersection of technology and luxury goods. The company's focus on building a comprehensive digital ecosystem for watch enthusiasts may position it well to capitalize on the growing trend of online luxury watch trading and collecting.
Curated from News Direct
