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Thread: Richemont and Swatch results

  1. #1
    Moderator - Central tribe125's Avatar
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    Richemont and Swatch results

    https://watchesbysjx.com/2019/07/ric...ventories.html


    Interesting reference to the grey market:

    Inventories, mostly finished watches, movements and components, continued to rise at Swatch Group, continuing an inexplicable trend that has persisted for several years. In the first half of 2019 they rose 2.6% to 7.1 billion francs. According to the Swatch Group, “suspension of deliveries to grey market dealers” was the primary cause of the rise in inventories.

  2. Likes rodia77 liked this post
  3. #2
    And that inventory is booked at cost too, so that's a lotta watches...

  4. #3
    Hangaround member Fantasio's Avatar
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    Yeah, the final question is very relative.

    The pile of watches at Swatch Group leads to the question: where will it all go?
    Cheers, M

  5. #4
    Maybe they’ll do clearance sales....I know Panerai does that with their boutique worn pieces..

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