If you ignore the flippers, Panerai seems to be doing pretty well
As part of their May 15 results announcement, Richemont communicated watch sales fell 4% during the financial year ending March 31 (already reflecting COVID-19 impacts).
But Panerai and Lange were both praised for their “notable performance”.
It seems that while online fans and flippers sometimes have a hard time with Panerai, the market seems to like what the brand is and where it is going.
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