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ulackfocus
·Swatch is listed on the Swiss stock exchange
Hostile takeover!
Swatch is listed on the Swiss stock exchange
Swatch is listed on the Swiss stock exchange
Dennis, this is actually a genuinely good idea. If there are enough small shareholders willing to raise an issue at an AGM, it can get real traction!
Hold the phone!!! I've got it! I have the absolute solution for this exact problem. Better sit down whilst I lay some sheer genius on y'all.....
WATCH COLLECTORS OF THE WORLD SHOULD UNITE - TO BUY SWATCH CORPORATION!!!!
SHAZAM! Voila!
.... because that's the ONLY way anyone on some puny watch forum will have a say about what Swatch does. The sooner you realize this, the sooner you can channel your energies towards something you have a chance of changing. Pick your battles people.
What, by the way, when you say 'something you have a chance of changing,' just wondering what you had in mind?
Underpants....
RGM and a few others are making an attempt.
We discussed one idea via PM. Better chance of generic parts being made than changing the Swatch Corporation. There's also a better chance of the US watch industry making a comeback - RGM and a few others are making an attempt.
Phase 1 of the 3 parts of the gnome business model.
Here's the bottom line:
EVERY (sry for screaming) watch maker wants to be Rolex. They'd really like to be Patek but they they know that's not reasonable.
The Rolex model is simple:
Market your brand as being the absolute and final arbiter and definition of success.
Raise prices 7 to 10% every year. No exceptions.
Shred watches before going anywhere near the Grey : Gray market.
Control the entire supply chain.
Weaponize local courts and law enforcement to viciously protect your trademarks and copy writes.
Not every watch maker can be Rolex but hot damn if they're not all trying.
why is it 'OK' for Swatch, et al, to restrict parts supply – by any other terms restraint of trade – when a similar industry, the automotive, doesn't seem to feel the same need?
However did Rolex get the US government to protect even imports of vintage/used Rolexes into the US? What a feat of protectionism!
Because there was government intervention. 95% of Americans own cars, maybe 0.1% own mechanical watches. Tesla is trying to implement similar restrictions in the automobile business and is getting a big push-back from the individual states.
At one time most of the larger watch companies received similar treatment to protect their US importers and trademark owners. Today, Rolex is one of the few companies that maintains a US distributorship under ownership separate from the factory in Switzerland. That allowed them to request and receive this protection of their trademark in the US.
I think that earlier this year Rolex and/or US Customs has had a change of heart on this subject:
https://www.crownandcaliber.com/watches/rolex/how-do-you-import-a-rolex-watch-into-the-united-states
This was welcome news.
gatorcpa