The 1916 Company
Govberg Jewelers, founded in 1916, has evolved into The 1916 Company, consolidating Govberg, WatchBox, Radcliffe Jewelers, and Hyde Park Jewelers under a single identity. This rebranding aims to unify these entities, including a global pre-owned operation and regional retailers, under one banner, signifying a new chapter for the family business.
The 1916 Company was formed on November 1, 2023, bringing together Govberg Jewelers, WatchBox, Radcliffe Jewelers, and Hyde Park Jewelers.
Govberg Jewelers was founded by brothers Albert and Sam Govberg in Philadelphia in 1916.
Danny Govberg, Albert's grandson, is co-founder of The 1916 Company, while John Shmerler serves as Chief Executive.
The company's evolution began when Danny Govberg joined Govberg Jewelers in 1983 and focused on the watch segment, which was then underdeveloped in the business.
WatchBox emerged from Govberg as a separate entity to expand internationally in the pre-owned watch market.
The decision to rebrand as The 1916 Company was made to preserve the history of the original business while allowing other acquired entities to retain their identities and client bases.
The integration of the four businesses involved significant change management to unify different working systems and cultures.
The company is focusing on enhancing its service-oriented approach, particularly in watch servicing and maintenance, influenced partly by the requirements of the Rolex Certified Pre-Owned program.