Phillips response to Ukraine

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Phillips doesn’t think their business will be affected. I think it will.

However, if there is a blockade of luxury products into Russia, the Russians will have to buy elsewhere including at auction.

The Emperor’s clothes may be ripped off at the high end of the luxury watch segment if authorities begin to follow the money.
 
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With the rouble’s collapse, I think normal Russians have more pressing concerns than some stupid watches.
 
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there is going to be more watch companies releasing statements like Rolex "halting exports to Russia" or Swatch Group "blocking exports to Russia". Personally I think this is really not clear - from how I see the situation the exports are anyway extremely diffucult as many shipping companies also refuse to deliver to Russia - so what does it really mean? Did they stop proactively or they are anyway forced to stop? With RUB exchange rates plumetting it is no wonder that even if the exports were still not interupted, the outlook on business in Russia is really pessimistic. So, to be honest, all these statements quoted above sound really opportunistic in my view.