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Tuesday, Nov 29, 2022
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Great American Finances Luxury Watch Website

Great American Capital Partners will provide a $20 million secured loan to Eleven James Inc. to support the company’s growth. Eleven James is a luxury watch e-commerce website that works on a subscription basis. Members sign up and wear a timepiece for a few months, then switch to a new one. Subscriptions vary from $149 to $999 a month, depending on the watch collection. A division of B. Riley Financial in Woodland Hills, Great American underwrites loans to middle market companies. “We appreciate the time and effort Great American Capital Partners committed to partnering with us and supporting our business,” Randy Brandoff, chief executive of Eleven James, said in a statement. “The successful capital raise validates Eleven James’ business model, affirms its commitment to top-notch management, internal systems and controls, and firmly establishes our position as a leader in democratizing access to luxury goods.”

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.
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