(and I don't know if you had the question ready to ask or not) is what JLC doing to combat the deep discounting of retailers and the VERY strong presence of gray market retailers? Both of these are bad for a brand's integrity and resale.
Rolex and PP both control, quite well, their distribution, so that their watches don't show up on the Net. This helps the resale down the road.
Thanks for the questions you DID ask. I thought they were thoughtful and Jerome's answers humble and insightful.
-Dean