LVMH announced they are buying Tiffany today for $16.2bn. Here is a bit on the Patek angle of the Tiffany relationship: Ever since the rumor of this deal surfaced, there has been chatter within the community about what it might mean for watches ā or more...
Itās amazing how they periodically still get back to this obsession of Patek being on sale, even after no shred of evidence was ever produced, and Mr Stern had to offer countless unequivocal denials after Bloombergās damaging fake news. Now the conspiracy...
Hodinkee is still taken seriously be many watch collectors, so I believe they have a moral obligation to maintain standards well above Bloomberg or the like. And I'm sure they understand they have much more to lose than Patek by going down this route...th...
...itās good for new watch buyers whom may be āinvestingā substantial sums of money into a Patek to at least consider what the future might hold and how that might impact their āinvestmentā. (Yes, Iām sure there are readers of H that will put substantial ...
Even though I buy Pateks primarily for passion, I have no problem to admit I've happily "invested" quite a bit of my money in those cute watches, so I also love to hear how the brand is doing. If there's any significant news or development worth reporting...
North East Corner is LVMH store. South East Corner is Tiffany & Co. North West Corner is Van Cleef & Arpels (ok, technically in Bergdorf Goodman but VCA still has the door and windows on the street). South West Corner is Bulgari.
...publishes what seems like a serious rebuttal of the Bloomberg article about their sale. But who knows. I donāt believe anything from these people who dance to the sound of hard cash.
Beyond the LVMH and Tiffany ordeal, has anyone else noticed that Hodinkee is now an official Omega AD? I am truly surprised that Swatch Group gave an online blog an authorized license to peddle Omega watches while pulling them from brick and mortar stores...
The conflict of interest with LVMH watch holdings is just too much. I wonāt be surprised if PP pulls out of the dealership agreement as well. Otherwise, PP might as well just be sold to LVMH.