Little Switzerland
Little Switzerland reputable authorized dealer in the Caribbean for class luxury brands.
| Date | Investors | Amount | Round |
|---|---|---|---|
N/A | Seed | ||
| Total Funding | 000k | ||
Little Switzerland, Inc. operates as a prominent specialty retailer of luxury goods, with a well-established presence across the Caribbean and select U.S. locations. Founded in 1954, the company has cultivated a reputation as a leading authorized dealer for a multitude of world-class watch and jewelry brands. The firm's history began with the Kilberg family, who started with a single store in St. Thomas, U.S. Virgin Islands. Over the decades, its corporate structure has evolved, including its incorporation as a subsidiary named L.S. Holding, Inc. in 1980 and a subsequent public spin-off in 1991. A significant milestone occurred in the early 2000s when Tiffany & Co. acquired a controlling interest in the company.
The company's business model is strategically centered on the travel retail market, primarily serving tourists and cruise ship passengers. It operates a network of over 35 stores and branded boutiques located on numerous Caribbean islands, including Aruba, Barbados, St. Thomas, and Tortola. Revenue is generated through the direct sale of luxury items, such as timepieces, designer jewelry, and accessories. A key value proposition for its clientele is the duty-free and tax-free pricing on many of its products. Little Switzerland enhances its offering with a price assurance guarantee and preferred financing options, including interest-free plans, to facilitate purchases.
The product portfolio is extensive, featuring coveted brands like Rolex, Patek Philippe, Cartier, Omega, Breitling, and David Yurman, among others. This makes the company an exclusive Caribbean retailer for certain prestigious names. In addition to its brick-and-mortar stores, Little Switzerland maintains an e-commerce platform that allows customers to shop online and collect their purchases at one of the Caribbean locations. The company also provides after-sales support, with service centers certified by major watch brands to perform factory-level maintenance and repairs.
Keywords: luxury retail, Caribbean jeweler, duty-free shopping, authorized dealer, luxury watches, designer jewelry, travel retail, St. Thomas, Aruba, Barbados, Rolex retailer, Patek Philippe, Cartier, David Yurman, Roberto Coin, Breitling, Omega, specialty retail, tax-free pricing, jewelry financing, cruise ship retail