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Patek Philippe

This is perfectly understandable

 

In the meantime, I think there are also 2 specific elements to take into account regarding Patek and watch brands: the workforce availability but also the number of direct competitors on the market.

Concerning the latter, if they have the same "performance" and if their are not many other competitors in the same level of products, clients don't have the same latitude to go elsewhere.

This issue is very specific to this inudstry.

In the car industry for instance, the brand would disappear after a few years.

Cheers, Mark

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