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14 August 2018, 07:43 AM
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2024 SubLV41 Pledge Member
Join Date: Mar 2017
Location: United States
Watch: Rolex and Patek
Posts: 11,357
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Richemont Buyback
Anybody following the reports Richemont has bought back inventory from its retail partners of 567 million over the past two years to eliminate excess inventory and prevent brand devaluation. Brands include Cartier, VC, IWC and Piaget.
I know this is not a PP topic but it makes one wonder where the Swiss watch industry is headed which will at some point affect all the brands. |
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