Oztimelord
234
Richemont Replaces Second Watch Unit Chief in a Week
Sorry I assumed people also read the financial press (actually I'm glad most don't as it might affect your passion).
Latest News is that Jerome Lambert is now on the board of Lange after the latest Richemont fiasco.
Sept. 22 (Bloomberg) -- Cie. Financiere Richemont SA said the chief executive officer of its German watch unit, A. Lange & Soehne, resigned over “strategic differences,” a day after announcing the departure of the head of Baume & Mercier.
Fabian Krone was replaced by A. Lange’s chief operating officer, Jerzy Schaper, on an interim basis, said Arnd Einhorn, a spokesman for the Glashuette, Germany-based watchmaker.
Baume & Mercier CEO Michel Nieto yesterday said he resigned from the Swiss watch brand, also citing a strategy disagreement.
“Whilst we regret the decisions of both Mr Krone and Mr Nieto, their resignations stem from differences of opinion as to the strategic direction of the two brands,” Alan Grieve, a spokesman for Richemont said by e-mail. “Both Maisons will continue to be managed independently within the group.”
Richemont said this month sales from its watch brands fell 18 percent in the five months through August. The Geneva-based company doesn’t provide sales figures for its individual brands.
“Both Baume & Mercier and A. Lange & Soehne were underperforming brands,” said Patrik Schwendimann, an analyst at Zuercher Kantonalbank.
Swiss watch exports declined 26 percent in the eight months through August, according to official statistics released today.
Last Updated: September 22, 2009 09:59 EDT
Source Bloomberg
Don't get me wrong I love JLC and Lange. But the developments illustrate a point of differentiation of Patek and key strength of success. They make great watches that is it. Lange make even better watches but are considered underperforming due to short term financial woes. Also when Patek gets accused of marketing hubris it gets me furious as there are far more opportunistic players out there.
Regards
Rene
Locked
login to reply
Never Said that Patek owners are Stupid
Dje: I have great respect for you because of your thoughtful, intelligent posts on the Lange forum. I certainly respect your opinion, but I do have the right to respectfully disagree with it. I never said that Patek owners are generally so stupid that the...
I also disagree
As you have put it , I also have an opinion and it si that PP is not shaping anything or manipulating any market as you have mention it. What has happen over the years is that this company has manage to harbor the wishes of thousands of people that have t...
Interesting!
Maybe it is because when there is nothing new on the Lange forum, you stop here to read the PP posts, and you happen to like the 5970P. But "unlike" other PP lovers, you love this reference's inferior movement and the design, and the ...., but not at all ...
You Just did!
Mark You say that you never called Patek lovers stupid. Please reread your post you just did again! Why so angry? Lange is a great brand outstanding in every regard enjoy. Moderator please lets lock this thread!
why suggest closure/censorship by moderator?
i think patek philippe admirers, collectors, lovers, etc should accept criticism of the brand without resorting to asking moderators to over step their bounds and lock threads, the gentleman from the lange forum expressed an opnions and as i recall opinio...
Why suggest closure/ censorship by moderator?
Thank you for taking the high ground and defending my right to have a different opinion than other people on this forum. I appreciate your insightful and intelligent response to my post.
well done!
I fully agree with you! I am a PP lover but it does not offend me at all if somebody has a different opinion. Sometimes I also wonder about some facts, e.g. that a watch with a (highly finished) "contract movement" reaches so much appreciation...
Lock This Thread? Why not lock me up?
If you read my first post it was addressed to Dje. We had traded a few opinions on the "What is the first thing that comes to your mind when you think of Patek?" Dje gave a very intelligent and thought provoking comment to something I wrote about Patek's ...
I'm not going to lock
Hi, In fact Mark was indeed answering my answer, in a new thread. Maybe he should have "brought back" the context, as it would have explained it all. I was just answering the fact that he chose the word manipulation about the Patek Philippe marketing. Man...
Mark,
You said : " It seems that people here are more concerned with their rate of return or return on their investment when buying a Patek as opposed to the Lange Purists love of the watches and the genuine warmth and happiness for their fellow Lange Purists w...
I defend your right to disagree with me
You stated: "I'm sorry but imo this is really BS. There are indeed some people who try to earn something on a watch and maybe you get the feeling that most people try to. But that isn't correct." But then you agree with me 2 paragraphs down, when you admi...
re
But then you agree with me 2 paragraphs down, when you admit that there are people on this forum, who are more interested in money than watches - but they are small in number. I don't understand your position. It seems that you agree with me - up to a poi...
That's where you initiate the manipulation
Hi, You wrote: " The fact that Langes have not hit big numbers at auctions. Maybe Lange should bid on their own watches at auction to inflate and keep the prices up (as I have read some other company has done). " In fact Patek Philippe watches represent a...
Sure
Hi Bruno, Your love for your 5070 is well-known here. It's a dangerous love for us. I don't know how many grey market dealers can be here but I can tell you we have ad hundreds of posters , and you can multiply to evaluate the readers. in fact I've been i...
Mate isn't Lange run by JLC
A sad fact for Lange is that it is owned by underperforming Richemont. That is why it will never be in the same league of Patek. Yes Lange watches are technically brilliant but they lack spirit, courtesy of the conglomerate. Naturally you will have to hav...
Thank You, though must admit it was an entertaining post
Naturally you will have to have a final word and bore us with your intellectual diatribe. That says it all...Thank You
Mate, Lange isn't run by JLC...
... even if they both belong to Richemont. Anyway, what does this has to do with that? On the other hand, did u know that JLC used to proved Patek with... MOVEMENTS!!! It was at the beginning of the century but still... And until now, JLC is a good notch ...
Richemont Replaces Second Watch Unit Chief in a Week
Sorry I assumed people also read the financial press (actually I'm glad most don't as it might affect your passion). Latest News is that Jerome Lambert is now on the board of Lange after the latest Richemont fiasco. Sept. 22 (Bloomberg) -- Cie. Financiere...
wow...
.. that adds credibility to the statement: a swiss banking analyst calls Lange an underperformer, most likely not having a clue what that company is all about - LOL Your statement just underpins Mark's point that Patek discussions seem to trend towards mo...
Renee, Still... Lange is not run by JLC
... Jst because JLC CEO is on the board of Lange. They are owned by Richmond, and the main point of having several brands is to use the strength of one to help the anothers. Its all about synergy. Having Lambert on their board is clearly a plus as the guy...
Lange Run By JLC? Underperforming Richemont Group?
Damn...I learn every day! If underperforming is owning brands like VC, JLC, Lange, I'd like to be underperformant! Lange has his own autonomy in the creation of watches, too. And even if it was the case, I wouldn't see it as a big shame, as JLC is one of ...
which watch company is not underperforming ?
even patek annual production decreased form 40 K to about 30 K .Their total sales revenue did not drop much due to the price increases for their complications and demand due to the last of the lemania run stampede.Rolex is also underperforming.Jerome lamb...
what's with the rivalry
I just don't understand why is there always this rivalry which is going on about Patek v Lange, Patek v Journe etc etc. Patek no matter how you might think, is an absolutely stunning brand, with watches and movements that can blow your mind away. The same...
very very interesting mainpost etc
I like certain Pateks and also certain Langes, as well some other brands, but I collect Breguet watches and Literature, I am loyal to them, but thats not to say id dis other brands, to me Patek and Breguet are unrivaled especially in their Heritage..........
Life are simple .......
Hi there, To me the world is such....There will be no equal or justification for the state of equalberum, Just take, Mercedes benz and BMW's endless race. Coke and pepsi and many more..... You can blame it on marketing strategies,brand,R&D or etc but it w...
If I can try to answer Mark
I have great respect for you because of your thoughtful, intelligent posts on the Lange forum. I certainly respect your opinion, but I do have the right to respectfully disagree with it. Hi Mark, Thank you for this interesting discussion and for your open...
Thanks for your thoughtful responce
Dje: What's wrong with stirring up a little debate on this forum? Thanks for allowing (not deleting) a thread which let people's passions show. I really like Patek watches, in fact I really love some of the Patek watches, which I know that I will never be...
Spicy for once. Lots of true things in Mark's... ESPECIALLY about manipulation
Unfortunatly, the way it has been put, and sometimes generalizing some matters, spoiled it by creating animousity among some of us. Something else interesting comes up, how PP lovers get all worked up when someone makes a critic they dont like Something m...
Nothing Wrong With a Little Spice or Hot Sauce Once in A While
Karim: I believe that you are a "regular" here on the Patek forum. And as such, maybe when you give your opinion, you may have the ears of the people here or be shown more respect than someone like me who may be considered an "outsider" to the Patek forum...
Actually, i cannot really identify to a single forum..
... love Lange, JLC, PAtek, and so many brands, they all have something that attracts. Though my heart goes to Lange and JLC especially, these days. To counter balance a bit, i'd say that if something itches me a bit in Lange is that there is this kind of...
the right to disagree....
I've posted on the Patek forum for a while, and am a proud owner of some of the watches that have found "criticism" for having movements too small or for being over-hyped or manipulated. My response is simple. I could not care one jot. I do not buy a watc...
... and to agree!!
.... i do agree with you Joe on many points: 1- Who cares is the movement is smaller then the case, as long as u love the watch, jst buy it and enjoy it! Still Mark has a point, its a flaw, a weakness,... now u can tell me that abstract art has much more ...
This has been one of the best yet....
the dialogue back and forth, regardless of your position, has been a pleasure to read. For the past several years, I have frequently visited this site to see what was going on in the world of Patek from a different perspective. That perspective of seeing ...
ATTENTION: PLEASE READ
Per our Code of Conduct: Tone: Please keep the tone of the posts courteous and respectful. Think of this as a virtual cocktail or dinner party - don't write anything that you wouldn't say to someone in person. The anonymity of the internet is NOT an accep...