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Richemont to buy Watchfinder

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  • Richemont to buy Watchfinder

    https://www.reuters.com/article/us-w...-idUSKCN1IX5HQ

    I wonder how this will impact their strategy or buying power going forward?

  • #2
    Rather ties in with the other thread about them buying back stock.

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    • #3
      Interesting move.

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      • #4
        Originally posted by harb View Post
        Interesting move.
        Is what people say when they see Harb dancing!

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        • #5
          Majority of WF sales are Rolex - interesting to see how they deal with that going forward.

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          • #6
            They could potentially drive the prices down in an attempt to devalue the brand and hit sales of new Rolex watches. Of course, that could just be me being cynical.

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            • #7
              They could indeed, but they would have to increase their current sales many times over to have any real impact on the market.


              Rolexroz

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              • #8
                I think if they try driving the price of Rolex down sellers will stop selling to them on the assumption that they would also stop paying top prices. I think it’s more a strategy to prop up the value of their own brands by buying up stock & having better control on used prices.

                2016 WF accounts show nearly £61m turnover & 2017 shows nearly £87m, pretty impressive I think.

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