I think the new strategy (going boutique with more control over the brand experience) is working well for AP. So unlikely to experience a Panerai moment if the current CEO is still in charge.
At the same time, it's likely that when the watch craze passes for the next fad, it will look a lot again like 2016 with premiums gone but relatively stable with a hair cut.
Seems like lots of blue in the collection there though. Maybe white panda ROC would give a nice pop?
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