Likes Likes:  5
Page 1 of 2 12 LastLast
Results 1 to 10 of 15

Thread: ETA Restrictions Back On?

  1. #1

    ETA Restrictions Back On?

    There are rumors of a more exclusive deal between ETA and Richmont. Interesting, given most Richmont brands use in-house.

    https://quillandpad.com/2019/12/15/b...atch-industry/

  2. #2
    Moderator - Central tribe125's Avatar
    Join Date
    Oct 2014
    Location
    Kent - UK
    Posts
    16,182
    I don’t see any reference to Richemont in that article?

    I’d be interested to see another take on this story from the Grenchen local newspaper, because this one doesn’t seem that coherent.

  3. #3
    Quote Originally Posted by tribe125 View Post
    I don’t see any reference to Richemont in that article?

    I’d be interested to see another take on this story from the Grenchen local newspaper, because this one doesn’t seem that coherent.
    The reference to Richemont was in the comments—long with a reference to the Grenchen local paper.

    It’s hard to imagine what Comco is thinking about. Nothing new there.

    Rick “Richemont also has (had?) a deal with Sellita” Denney
    More than 500 characters worth of watches.

  4. Likes Dimman liked this post
  5. #4
    COMCO then: "Swatch, you may not stop selling ETA movements to competitors."

    COMCO now: "Swatch, you may not sell any movements to your competitors."


    Rick "Seems familiar with Swiss business stuff" Denney, is it just me or does this smell like some somewhat corrupt backdoor maneuvers by a competitive, such as Sellita, or a Sellita-dependant brand? Perhaps Sellita is losing their contract with Richemont to ETA, and they are trying to pull some strings? Events and timing just seem shady...

    Half a million mechanical movement sales in lost revenue is catastrophic. Especially with essentially zero notice.

  6. #5
    Beats me.

    But it’s not as though Swatch Group has been consistent. Their desire to halt outside supply vanished in the 2016 downturn, when ETA was making money continuing to sell movements.

    Of course, they want the monopoly no matter what they say.

    Rick “thinking that after the resurgence of mechanical watches, Comco should have made SMH/Swatch spin off the part of ETA that supplies the industry” Denney
    More than 500 characters worth of watches.

  7. Likes Dimman liked this post
  8. #6
    The inference I got wasn’t they would no longer be allowed to sell, externally. I think they just won’t be forced to any longer.

  9. #7
    Moderator - Central tribe125's Avatar
    Join Date
    Oct 2014
    Location
    Kent - UK
    Posts
    16,182
    That would make sense.

  10. #8
    According to news today it seems they cannot sell to customers with more than 250 employees.

  11. #9
    Quote Originally Posted by Dimman View Post
    According to news today it seems they cannot sell to customers with more than 250 employees.
    That actually leaves them a lot of room. There aren't really that many brands with 250 employees. The Google claims Tudor had fewer than 200 in 2016. Eterna may have as few as a couple of dozen.
    Solve all your doubts through question mode.

  12. #10
    Moderator - Central tribe125's Avatar
    Join Date
    Oct 2014
    Location
    Kent - UK
    Posts
    16,182
    The whole thing is quite bizarre. Comco are in mental disarray, if they’re being reported accurately.

  13. Likes Rdenney liked this post

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
About Us
We are an independent and wide-ranging forum for watch enthusiasts. From mainspring to microchip, from Europe to Asia, from micro-brand to boutique - we cover it all. Novice or expert, we want you to feel at home. Whether it's asking a simple question or contributing to the fund of horological knowledge, it's all the same hobby. Or, if you like, you can just show us a picture of your new watch. We'll provide the welcoming and courteous environment, the rest is up to you!
Join us