Kering announces the sale of Girard-Perregaux and Ulysse Nardin to their Management

[ajw45]

Originally Posted by S``

Maybe my ref 4946 will go to $20k soon

But seriously, pumping GP and dumping them on the unknowns is a sin in itself...

The brand is still under a lot of pressure... And lest we forget, the last time CVC bought Breitling, they dumped a ton of old inventory to the market at significant discounts... Took breitling years to recover... Even today, some would say... They haven't recovered...

I'm not saying the same play of dumping inventory will happen with GP/UN, but I'll not be shocked if the same MO were taken considering what they did to JeanRichard in the past... People will get hurt when they listen to these unscrupulous dealers

Oh, for sure. In this hype market I'm over being concerned about all the dumb things people are "investing" in. See crypto for more details. At this point it's buyer beware, every man/woman for themselves. If people want to pay double for GP, quintuple for a tiffany DJ, I'm not sure where you draw the line at what's sensical and what isn't.