Hodinkee, an online watch retailer and news site backed by Bernard Arnault’s LVMH Luxury Ventures, is cutting almost 20 percent of its staff as prices for pre-owned timepieces slump.
The company has eliminated about two dozen positions, according to people familiar with the matter.
Hodinkee, which also counts musician John Mayer and Superbowl winning quarterback Tom Brady as investors, acquired watch dealer Crown & Caliber in 2021 during a…