About the boutiques and the Asian market ...Panerai, please listen to Patek Philippe

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About the boutiques and the Asian market ...Panerai, please listen to Patek Philippe

Bruno.M1
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Bruno.M1
Paneristi
Joined: April 30th, 2005, 4:33 pm

May 18th, 2012, 11:11 am #1





I love several brands and Panerai is one of them but I think we can agree Patek Philippe is still the most important brand.

Listen to the CEO and hear what he thinks about boutiques and retailers they have done business with since several generations. I hope Panerai will learn from this

Especially the part about the retailers and the boutiques !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

And the fact that they consider Europe and the US still VERY important is good to know too. They don't want focus too much on China. They prefer to keep a lot of watches in Europe and the US.




http://www.youtube.com/watch?v=llY_TeFAcvA


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docfink
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docfink
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Joined: December 14th, 2006, 6:22 pm

May 18th, 2012, 11:23 am #2

....hard to argue with Mr. Stern. No global area is getting short-changed by Patek and I love the fact that "mom and pop" retailers still matter to them. I think the boutique-only route is a mistake--by any manufacturer.

david
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zameenzahari
Paneristi
Joined: March 24th, 2010, 3:49 am

May 18th, 2012, 11:23 am #3




I love several brands and Panerai is one of them but I think we can agree Patek Philippe is still the most important brand.

Listen to the CEO and hear what he thinks about boutiques and retailers they have done business with since several generations. I hope Panerai will learn from this

Especially the part about the retailers and the boutiques !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

And the fact that they consider Europe and the US still VERY important is good to know too. They don't want focus too much on China. They prefer to keep a lot of watches in Europe and the US.




http://www.youtube.com/watch?v=llY_TeFAcvA

see PAMs in the wild almost everytime you go out. And see Krieng's report on the 200 plus who attended the Thairistis GTG not to mention the 2 suitcases filled with modern PAMs whose owner is a single person.

The same can be said with the Indoristis and Pinoyristis .

China is an important part of Asia but not the only market for Richemont...




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Bruno.M1
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Bruno.M1
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Joined: April 30th, 2005, 4:33 pm

May 18th, 2012, 11:36 am #4

You are right, I think I said it wrong
But for me the most important part in the interview is the thing about the boutiques And I don't care if they are in Europe, US or Asia

But what he said about boutiques is imo very important. They have a good relationship with their dealers. Some of them know each other since several generations.
AND at least, they have the decency to keep it this way.
They don't show their middel finger to these AD.
You know what I mean .... Thank you mr AD for your support but from now on you'll get less sought after watches and you can forget about the really special pieces .... these will be sold via our own boutiques.






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mrpanerai
Paneristi
Joined: April 12th, 2006, 1:37 am

May 18th, 2012, 2:45 pm #5




I love several brands and Panerai is one of them but I think we can agree Patek Philippe is still the most important brand.

Listen to the CEO and hear what he thinks about boutiques and retailers they have done business with since several generations. I hope Panerai will learn from this

Especially the part about the retailers and the boutiques !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

And the fact that they consider Europe and the US still VERY important is good to know too. They don't want focus too much on China. They prefer to keep a lot of watches in Europe and the US.




http://www.youtube.com/watch?v=llY_TeFAcvA

However the new world order will be boutiques lead by Panerai.
Companies like LVMH and Swatch have seen how well Panerai has done
with boutiques and are following suit. It not only allows them complete
control of distribution, but allows them to get the full makeup.

In this new world order the retailer is left out in the cold
after years of building these brands. Its very interesting to
watch and will cost consumers more in the end.

Just my .02

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LUCCHAO
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LUCCHAO
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Joined: February 19th, 2011, 5:57 pm

May 18th, 2012, 5:29 pm #6




I love several brands and Panerai is one of them but I think we can agree Patek Philippe is still the most important brand.

Listen to the CEO and hear what he thinks about boutiques and retailers they have done business with since several generations. I hope Panerai will learn from this

Especially the part about the retailers and the boutiques !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

And the fact that they consider Europe and the US still VERY important is good to know too. They don't want focus too much on China. They prefer to keep a lot of watches in Europe and the US.




http://www.youtube.com/watch?v=llY_TeFAcvA

it's rare seeing such large company being family owned, there are few examples with such success

And it's quite nice hear some concerns about keeping ethics and relationships rather than focus only on money

I guess this makes difference between a GREAT company and a BIG company. Things that remain for history not only account books.

best
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xaggie95
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xaggie95
Paneristi
Joined: March 25th, 2005, 12:34 am

May 18th, 2012, 5:43 pm #7




I love several brands and Panerai is one of them but I think we can agree Patek Philippe is still the most important brand.

Listen to the CEO and hear what he thinks about boutiques and retailers they have done business with since several generations. I hope Panerai will learn from this

Especially the part about the retailers and the boutiques !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

And the fact that they consider Europe and the US still VERY important is good to know too. They don't want focus too much on China. They prefer to keep a lot of watches in Europe and the US.




http://www.youtube.com/watch?v=llY_TeFAcvA

Always has been a dream to own a PP one day.


Austin, TX


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Peter_Gee
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Peter_Gee
Paneristi
Joined: May 17th, 2012, 6:42 pm

May 18th, 2012, 6:44 pm #8




I love several brands and Panerai is one of them but I think we can agree Patek Philippe is still the most important brand.

Listen to the CEO and hear what he thinks about boutiques and retailers they have done business with since several generations. I hope Panerai will learn from this

Especially the part about the retailers and the boutiques !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

And the fact that they consider Europe and the US still VERY important is good to know too. They don't want focus too much on China. They prefer to keep a lot of watches in Europe and the US.




http://www.youtube.com/watch?v=llY_TeFAcvA

Thanks for sharing the interview.

One word I take from Mr Stern, LOYALTY - Very refreshing
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