Marc Obermann
3219
I actually find this report confusing.
I thought the recent release of the 5218 and various other new models were being well received and reigniting the passion for Panerai watches seems I was wrong. These numbers really do not make for happy reading declining by nearly a third in sales and revenue is nothing short of a disaster.
Marc
Business from bad to worse
While I’m on my Pam 673 MM Reading the bad financial result of OP Will Richemont offload Panerai next ? ...
Possibly?
Richemont recently offloaded Baume et Mercier, will probably offload JLC soon and may very well look to offload both Panerai and wait for it....Roger Dubois. I think they will turn their focus to Cartier, Van Cleef and other jewelry brands since those see...
Pure Guess on my part
Somehow I do not see them hanging on to those long term either.
I am not sure. Probably there must be something about them , beside a need to make huge profit , but could not figured out.
Some more knowledgeable folks on Singapore forum mentioned that movement is the same as in 372.
Hope not and there is something truly unique about this offering
Need to dive deeper or ask experts.
I actually find this report confusing.
I thought the recent release of the 5218 and various other new models were being well received and reigniting the passion for Panerai watches seems I was wrong. These numbers really do not make for happy reading declining by nearly a third in sales and re...
5218 can’t save the brand
It’s a good move to hv 5218 … However the big issue with a lot of watches is the pricing beyond the middle class reach … The inflation last 3 yrs are killing the spending power, couple with crazy pricing on watches nowadays… With secondary market pricing ...
Maybe.....
just maybe, they should have found and M.D. that actually liked Panerai, in the first place. Instead, they got swanky boys chasing after Happy Hours and Sailors My opinion of course.My 673- 0001/1000 will stay with me in perpetuity
😂
Richemont always hv positioning issue Brands under same group fighting for same market … And too many of them in the similar price range with Rolex ! All the ceo hired are pressured with the figure annually … no good result they will be fired. Just like a...
I've opened 6 subsidiaries for the company I used to work for....
and I agree with "positioning" being a very important factor. I.M.O. you don't achieve it by giving your potential clients, everything they want. I've always preferred to TELL and GIVE them what I....I....I...wanted them to buy! No sales, fantastic, close...