chmandaue
109
thanks for the remedial lesson in word choice
When THEY do it to us, it's stealing
When WE do it to them, it's innovation
;-)
Translation of 1978 interview with the president of GP
Swiss watchmaking was in deep crisis by 1978. But what sort of crisis was it? How did someone helming a luxury brand _in the middle of it_ see things? Link to entire interview: open.substack.com 8 ...
Obviously, the monetary chaos must not be allowed to continue. Political authorities suggest that things aren’t so bad. According to statistics, exports continue to increase. These are illusions. Turnover means nothing. What counts are profits....
Interesting the discussion about the 'values' of currencies. The Swiss were less costly labor back in the day, now they are very very expensive.
Yes we forget that
..or some of us never knew it in the first place, that watchmaking moved from London and Paris into Switzerland due to the lower cost of labor. Swiss brands are happy to let anyone think that Swiss watchmaking has always been highly paid artisans hand-pol...
And those crafty Yanks setup mass production with Waltham, etc. Now we have Swiss with 50,000 a year mass production and some think this is rare LOL. That's TWICE as many BMW M3 a year.
The Swiss have been great at MARKETING their country of origin as magically adding perceived value as it is 'attached' to making watches. Is the air more refined? Problem is, Swiss labor costs are the highest in the world. This brings oppertunities for us...
Hold up
The Swiss stole the watch market from the Americans during WW2, as we were otherwise occupied and all metal was going to the war effort. Hamilton, Waltham … etc etc..
thanks for the remedial lesson in word choice
When THEY do it to us, it's stealing When WE do it to them, it's innovation ;-)
thanks for the helpful edit @IWC
thanks @IndiaWhiskeyCharlie I'll try to do better with links