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26 February 2017, 08:07 PM | #1 |
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My concern about fp journe
As ive been reading more about the brand ive seen many people saying that the brand may not lost and may be sold to a conglomerate in the future. i want to know your guys' thought on this(fp journe not staying independent)
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26 February 2017, 08:18 PM | #2 |
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I do not see being sold to a large conglomerate as an issue. Yes, independent watchmakers have a certain charm, but in the long term it is better for continuity to be part of a conglomerate. You will be certain that your watch can be serviced in the future.
For example, Lange is part of Richemont, and they have their own identity & innovation. To me they feel like an independent watchmaker, which actually they are not. But because of this you can be pretty sure they will still be around in 20 years and more.
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27 February 2017, 01:45 AM | #3 |
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Of course it's possible but nobody knows the future. They seem to have a strong following and I don't see them disappearing anytime soon.
Is there a particular reference you're interested in? |
27 February 2017, 02:45 AM | #4 | |
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Quote:
For me it's actually better to understand what Journe's longer term strategy is. It's one thing for an independent to manufacture watches based on more standard parts so that they can be serviced down the road by others. For something like Journe where some of the movements are quite complicated, with proprietary parts and tools (even things like screws), it'll be interesting how Journe will maintain serviceability of their watches in the long run. |
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27 February 2017, 04:13 AM | #5 |
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Thank you guys for your answers. I was just wondering is this how all independents end up (being bought by a conglomorate) because i dont see it happening to for example kari voutilainen, vianey halter, andreas strehler....
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27 February 2017, 04:31 AM | #6 |
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The only certainty I have is that they not going to live forever....so what follows after them is anyone's guess.... There is quite a bit about Journe and what happens post his departure I.to. Access to watch details etc...we tend to forget that even Richard Mille is owned 20% by Swatch!!!
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27 February 2017, 04:37 AM | #7 | |
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Quote:
20% by AP. RM & AP are private companies (just like Patek). OP, buy what you like and enjoy. |
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27 February 2017, 04:59 AM | #8 |
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I was close...it was Richemont owning 20% of GF...and of course what could have been an informative correction of my error would have been just as helpful without being an ass
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27 February 2017, 05:01 AM | #9 |
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27 February 2017, 05:42 AM | #10 |
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When FPJ dies probably and hopefully as the movements are not simple ones, I am going even more niche with a Voutilainen scheduled in May, but his movements are so simple that any watchmaker can service them, doing it without scratches is another story, and reason why until he disappears Kari will service it. Anyways if you want a Journe I wouldn't let that bother you, independent or not his watches are special, if you like one get it
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27 February 2017, 07:05 AM | #11 |
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Karl- there have been many rumors of swatch buying RM. I'm sure that's where you had confusion.
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27 February 2017, 07:08 AM | #12 |
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27 February 2017, 10:51 AM | #13 | |
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That's the short answer. The longer answer is that Mr. Journe has already been offered a buyout and has refused. He will never sell out. He is a smart person and he already has plans for the future of his company after his passing. Did you know he has his own watchmaking school? It's right at FPJ HQ. Guess why. |
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27 February 2017, 07:51 PM | #14 |
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