Quote:
Originally Posted by ChetBaker
De Bethune’s sale to Watchbox surely wasn’t done out of luxury. Parmigiani is for sale and it seems they’re struggling to find a buyer. And then there’s brands like Bovet, HYT, or even Urwerk that target a very small demographic and you wonder who purchases their watches. There’s many brands that sell way below RRP new or used, which is not viable if you’re in high-end luxury unless you have deep pockets, a second business line manufacturing components for others, or a very clear path towards solid growth. Some consolidation is bound to happen and beneficial to the stronger players that will remain.
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Forgot to say thank you for responding to my question above.
Somehow I totally forgot about HYT’s issues even though they’ve talked about it quite openly. Just slipped my mind.
And I wasn’t aware Bovet had their own problems. I actually really like their watches but I feel like I never see them talked about which is a shame.