I understand that it would seem that way. my point is that it doesn’t’ come from marketing, but rather a philosophical decision not to grow past a certain point. There are advantages in restraint, especially in the luxury market. Other companies such as Hermès, have followed the same “restraint” route. Maybe it’s more of a European thing, in America it’s hard to understand that a company would not want to be bigger, and richer... But remember that those companies Rolex, Hermès, etc.., are private companies and don’t have to answer to stockholders, and in Rolex case, they don’t even have to make a profit...
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