New York, NY (PRWEB) November 13, 2007 -- Luxi Group, LLC announced today the sale of high-end luxury watch online retailer, AtlanticTime.com, to TheWatchery.com. AtlanticTime.com's product offering and customer base is focused on the high-end and specialty niche watches. TheWatchery.com, a recognized luxury watch online retailer, will utilize AtlanticTime.com to spur their growth in the high-end luxury marketplace.
Eli Katz, chief executive officer of Luxi Group, explained, "We are focused on re-launching the Ashford.com brand, which has traditionally catered to the mid-market luxury watch segment. AtlanticTime.com is a fantastic web property with a great selection of luxury watches and a superb reputation of servicing Internet clients. Strategically, Ashford.com's focus on the wider web audience is at odds with AtlanticTime.com's highly targeted luxury focus."
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