Business owner robbed of watch at gunpoint inside his store

New at 8, a business owner is robbed at gunpoint of his watch. Happened yesterday afternoon at the clothing store he owned for 30 years in L.A.'s fashion district. We have video of it all at YMI Sport Jeanswear and spoke with the owner and his son. They start hitting him in the head. They hit him about eight times on the head. A brutal robbery in downtown L.A. A man's watch stolen and it's all caught on camera. The way they put my phone like that, they jumped on the car They start running with a gun like this. Two suspects ran out of this black car as business owner Ronan Verret was on his phone. So we checked the video cameras. They were coming back and forth a few times. They were just waiting for the right moment. His store surveillance video shows him in the grips of one suspect as the other with a gun demands his watch. He told them, take it, take it, and they kept hitting him. And I was like, shocked. I didn't know what they wanted, you know? A bloodied Verret shows us his injuries. His son feels downtown L.A. is no longer safe. Everything's been getting worse over the past few years. We really think it's going to get even worse before it gets better. Downtown has just become a nightmare. And look, this happened while there were customers in the clothing store. An employee is frozen in fear. I was almost next to him, like 10 feet away from here. And I tried to hide, but there was no place to hide. Now, the owner says they got a call from police that another agency had made arrests, but tonight the LAPD tells us there are no arrests. The owner's son told Fox 11 they're offering a big reward for an arrest and conviction.