Fastwong
1658
I think maybe it's less the structure and more the intent and goals? Specifically when it comes to Richemont, the goal always seems to be cost takeout
Mar 29, 2022,13:35 PM
I think any of the scenarios you presented could be great or terrible for customers depending on how they are implemented and to what end.
For example, with scenario 1, is that central R&D budget more, the same, or less than the combined budgets of the brands individually? Will that centralized R&D treat each of the participating brands equally or will some get de-prioritized in favor of others? Is that R&D focused on innovation and bring new value to customers or designing a new 3d printer to remove as many watchmakers as possible from the payroll? The value to the end customer varies dramatically based on how such a structure is implemented, funded, and what the goals are so I think comparing these is tough. If the end goal is bringing more value to the customer I'm for any of them.
What we see from Richemont seems to be a consistent effort to consolidate with the intent of cost cutting at the expense of the customer. Cutting costs and maintaining or even increasing product and service quality is admirable, cutting costs at the customer's expense without telling them is dirty. I see no innovation or additional value coming from how Richemont is using Fleurier across brands in the same way I don't see the service quality or customer experience being enhanced through the shared multi-brand Richemont service centers. Quite the opposite. Maybe pulls up Baume and Mercier....
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It's not just the hacking...
By: Joe90 : March 27th, 2022-19:36
They've downgraded the finishing as well! I wonder what the damage will be to other brands within the Richemont group?
Panerai was never known for their finishing
By: destrodan : March 27th, 2022-20:38
My 115 from 20 years ago has automated finishing on it...in fact, many models that put Panerai on the map at the height of their fame were based on the Unitas 6497 that had rudimentary finishing compared with the Great Houses. Everyone knew this. Movement...
Very disturbing!
By: PoyFR : March 27th, 2022-19:48
Much of my shopping is based on trust, reading reports like this makes me angry. What’s next… their white gold will be made of steel, the yellow gold of copper and so on. In other industries, and often for much less, individuals, groups, organizations etc...
By: Ted O : March 28th, 2022-17:48
What about something like a 127/Fiddy … still desirable given all these recent Panerai blunders?
Back to the Fiddy?
By: sergio : March 28th, 2022-20:06
I have a Fiddy and like it a lot, still. Did I ever mention to you, that I own some 25 Panerai and I couldn't care less about what's inside? Keep on tyre-kicking and have fun
Bravo!
By: amanico : March 28th, 2022-21:04
I have never been a fan of a hacking second
By: Poky : March 27th, 2022-20:38
I always wonder whether the hacking mechanism causes more wear by forcing the balance wheel to stop. Panerai on the hand is a different story altogether. Every time I read something about the brand, it gives me more comfort for selling mine years ago.
Holy ****!!!
By: Esharp : March 28th, 2022-03:34
“Perlage was only applied where it could be seen through the gaps between the bridges. Yes, this is done by other “luxury” brands as well…” That was the most shocking image of them all. Really deceptive. Go take a look at the Perezscope article if you hav...
Well, that begs the question:
By: destrodan : March 28th, 2022-23:37
Which is better? 1. That Conglomerate A pools revenue from its watch companies to centrally fund R&D on movements 2. That Conglomerate B performs an intercompany transfer of resources/funds away from other brands to their staple brand to build movements t...
I agree that the scenarios can be great or terrible...
By: destrodan : March 29th, 2022-23:47
...and to be honest, it wasn't that long ago that I was having the same discussion in another forum about questionable Swatch quality (Omega to be specific). On another day, it was Patek (cost-cutting related to movement finishing on certain models). On a...