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Richemont bought back stock from jewellers to stop it being sold at knockdown prices

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  • Richemont bought back stock from jewellers to stop it being sold at knockdown prices

    https://www.theguardian.com/business...buyback-policy


  • #2
    Crazy!

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    • #3
      What’s it like typing with one hand?

      they disassemble and reuse/recycle the parts.

      I guess that they save their “luxury brand image” to consumers but obviously take a hit. I imagine many watch enthusiasts would see it as sacrilegious.

      Comment


      • #4
        True or not, The Guardian (at least the US version) is nothing but a fountain of left-wing garbage.

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        • #5
          Originally posted by Rodentman View Post
          ...The Guardian (at least the US version) is nothing but a fountain of left-wing garbage.
          Which keeps it true to the original UK version's ethos.
          I sometimes read it for light relief.

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          • #6
            Originally posted by John View Post
            What’s it like typing with one hand?

            .
            I believe Chris has had lots of experience using the internet one handed

            Comment


            • #7
              i'm guessing that's £400m at retail value?

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              • #8
                Following Richemont’s purchase of Watchfinder, perhaps we will see the next £400m of unsaleable, second-rate euro-brand stock sold through the discount store rather than scrapped...

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                • #9
                  Originally posted by HaywoodMilton View Post
                  Following Richemont’s purchase of Watchfinder, perhaps we will see the next £400m of unsaleable, second-rate euro-brand stock sold through the discount store rather than scrapped...
                  Have you ever been called a cynic!?

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                  • #10
                    At least they can take the watches back and make the components useful again. And reduce their balance sheet at the same time...........

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