Another one of the three former employees, who wished to remain unnamed in this story, told me that no public announcement has been made because Eleven James is trying to reclaim as many watches as possible as it winds down. The likely fear is that if customers know that the company is folding, they might try to hold on to the watches indefinitely. He also told me that there are three bids on the table from “well known pre-owned watch entities” to purchase Eleven James’s inventory of watches. I understand the concern here, but one has to assume that law enforcement could pretty easily take care of any would-be thieves – Eleven James presumably has names, addresses, and phone numbers for anyone with a watch, right?
from Best Watches For Men https://ift.tt/2PxOlr5