ROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEXROLEX
|
25 August 2018, 02:16 AM | #1 |
2024 Pledge Member
Join Date: May 2018
Location: USA
Watch: P A T E K
Posts: 4,706
|
MVMT watches bought by Movado Group
Wow
$200 million price tag for MVMT in 5 years? Great job for a watch company that less watches less than $200 :) https://www.forbes.com/sites/roberta.../#15368e4f6a8c https://www.youtube.com/watch?v=U8xWpybUQUI
__________________
A. Lange & Sohne | Audemars Piguet | F.P.Journe | Omega | Patek Philippe | Rolex | Tudor | ...and Othersss |
25 August 2018, 02:29 AM | #2 |
"TRF" Member
Join Date: Aug 2017
Location: USA
Posts: 218
|
good for them. Its always good to see a success story.
|
25 August 2018, 08:51 AM | #3 |
Banned
Join Date: Oct 2017
Real Name: Bradley
Location: Virginia
Watch: Speedy Reduced
Posts: 727
|
And Movado makes another bad business decision.....
|
26 August 2018, 01:49 AM | #4 |
2024 Pledge Member
Join Date: Dec 2007
Real Name: Capt Swerve
Location: North Carolina
Watch: less TV
Posts: 2,230
|
Good for the founders. And now they will be able to afford proper watches :-)
__________________
Collector and buyer of Lange, VC, Patek | 2 FA Enabled |
26 August 2018, 03:56 AM | #5 |
"TRF" Member
Join Date: Dec 2017
Location: California
Posts: 2,176
|
This. I don't see MVMT staying popular for long, even with Movado pumping money into it after it starts to fade. MVMT and Movado's other recent acquisition, Olivia Burton, are fad brands.
And this. They sold at the right time. |
26 August 2018, 10:13 AM | #6 |
"TRF" Member
Join Date: May 2015
Location: Northern Ontario
Watch: 19018N OQ
Posts: 848
|
My first nice watch was a Movado Esperanza....still have the watch 10 years later.
However Movado all but abandons older watches after a couple of years; there are no replacement parts available. A watchmaker (from Movado) serviced my watch and the dial now has drag marks...apparently there's nothing I can do though because they don't have any spare dials left. I'll never buy another one of their products again, despite absolutely loving their design. |
26 August 2018, 10:28 AM | #7 |
Banned
Join Date: Aug 2015
Location: down by the river
Posts: 4,926
|
I'm glad so many entrepreneurs are cutting out the middleman and directly selling quartz watches with a higher markup than a Richard Mille
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
|
|
*Banners
Of The Month*
This space is provided to horological resources.