why so p...ed?
In my post I solely mentioned the future brand value of Omega and not the short-term revenues of Swatch (brand or group). Thus I referred to PP and Rolex (brand value destruction). It's always easy to stretch your grown brand and accelerate short term sales - but it is very hard to rebuild brand value and trust. CEOs and their consultants are eagerly willing to sacrifice their brand value to revenues when they are financially under pressure - that's what's happening here.
Re Montblanc: Richemont has done a lot of stupid things since 2015 and being an avid long term collector of fountain pens and SOME watches I have intervened with the top management on this for the recent years to rebuild the strategy. You surely don't know, but in the 70ies and 80ies Montblanc wanted to save their business life by moving their pens into the plastic / cheap segment (ballpoints, school pens etc). Short term revenues were quickly eaten up by loss of brand image. In a very risky move at the beginning of the 90ies they decided to diminish that strategy and go back to their roots: highest quality pen making. It took them more than 10 years to get rid of their school pen image and come back to track.
That will happen to the Omega brand when they continue this path.
Again: my reply was purely on the economical/strategy side. In terms of collecting i don't care because for plastic I collect g-shocks and Omegas don't interest me at all.