Prior to the quartz revolution, most Swiss and German brands were independent. The popularity of these new watches caused massive layoffs in the industry and led to consolidation. I visited Longines at Saint-Imeir in 1973, and just a few years later, the building where movements were produced was closed down and many of the people I had met during my visit were laid off. I keep my Avigation Chrono as a tribute to those watchmakers. I'm actually surprised by how healthy the industry is today.
If you like a certain brand, and if that brand is the 'mid tier' of a large corporation, like Longines, that brand will always stay in that spot. Which sucks for the fans of that brand. Ex: Longines might have been one of the best watch companies back in the day, but as long as it's in the swatch group, it's quality will always stay mid tier. All the good stuff will obviously go to Omega and higher tier brand within the gruop.
Nice video ! You can add Bulgari to LVMH ! Bulgari had before taken over Gerald Genta and Daniel Roth so that gave them a lot of credibility in the watch word.
What would be interesting to know, is how independently they operate Buying a brand isn’t the same as buying a company and retaining its assets including the people within the company. Without more information it seems like this is oversimplified Like all these companies are exactly the same because they are under one holding company
Why mention Kering Group while leaving out Chanel? Chanel owns Bell & Ross; Romain Gauthier, 20% of FP Journe, 20% of Kenissi (movements) and of course Chanel Watches.
I have heard of the Swatch Group and Richemont. Not the others. They just keep gobbling up the small guys and less competition. I remember when Ford was buying other automakers like Jags, Volvo, LandRover and a few more, but they almost went out of business and sell them off to be profitable. I have a feeling these huge watch companies will do the same as some of the brands are sinking badly. BTW, who owns Breitling? Or are they independent?
If it wouldn't have been for the big watch brands groups, the brands would have disapeared. The brand survived thanks to the support of bigger holdings. Swatch made the industry to suvive quatz crisis....anyway this what has hapened. Most indepenfent "german" brands use either Eta, Miyota, Ronda or Selita movements... Keep enjoying the watch industry. 😀
I'm rather curious of you will eventually see watch leasing and "certified pre owned" watches. It seems like the market is going in that direction, as it would maximize profits.
Prior to the quartz revolution, most Swiss and German brands were independent. The popularity of these new watches caused massive layoffs in the industry and led to consolidation.
I visited Longines at Saint-Imeir in 1973, and just a few years later, the building where movements were produced was closed down and many of the people I had met during my visit were
laid off. I keep my Avigation Chrono as a tribute to those watchmakers. I'm actually surprised by how healthy the industry is today.
Very good video, interesting commentary and overview.
If you like a certain brand, and if that brand is the 'mid tier' of a large corporation, like Longines, that brand will always stay in that spot. Which sucks for the fans of that brand. Ex: Longines might have been one of the best watch companies back in the day, but as long as it's in the swatch group, it's quality will always stay mid tier. All the good stuff will obviously go to Omega and higher tier brand within the gruop.
Very informative John. Great work mate.
Nice video and... nice talking to you earlier about that GMT Master II!!😉
Nice chatting !
Uniform corporations,uniform thinking and uniform conformity and dreary design.
Most definitely, if you pay attention to the watch industry it acts similar to other markets and has a large effect of the economy in general.
Nice video ! You can add Bulgari to LVMH ! Bulgari had before taken over Gerald Genta and Daniel Roth so that gave them a lot of credibility in the watch word.
I really liked the new intro John. Interesting discussion. Thank you :)
Great video my man!
Lets not forget luxottica
People have no idea about it, and how it controls glases market.
Good content. Love the inside stuff.
Thanks mike !
Good vid JP.... Quite the monopoly some of these Corporations have. LVMH seems more about the money over the others. Customer service. 🤔🤔🤔
Nice to see/hear someone pronounce “jewelry” correctly. Even the voice over actors on jewelry store ads say it wrong, and it’s their profession.
What would be interesting to know, is how independently they operate
Buying a brand isn’t the same as buying a company and retaining its assets including the people within the company.
Without more information it seems like this is oversimplified
Like all these companies are exactly the same because they are under one holding company
This is what I wanted to say, but I never did :) interesting
Old intro is back! :)
Why mention Kering Group while leaving out Chanel? Chanel owns Bell & Ross; Romain Gauthier, 20% of FP Journe, 20% of Kenissi (movements) and of course Chanel Watches.
If Rolex finally buy Patek, would it be the most powerful watch company?
Well at least they don't own vostok! 🙈
Vostok owns its' wearer.
You said it!
Nice job John!
Thanks jay!
I have heard of the Swatch Group and Richemont. Not the others. They just keep gobbling up the small guys and less competition. I remember when Ford was buying other automakers like Jags, Volvo, LandRover and a few more, but they almost went out of business and sell them off to be profitable. I have a feeling these huge watch companies will do the same as some of the brands are sinking badly. BTW, who owns Breitling? Or are they independent?
Look into Luxotica. Damn near textbook monopoly.
great topic!
If it wouldn't have been for the big watch brands groups, the brands would have disapeared. The brand survived thanks to the support of bigger holdings. Swatch made the industry to suvive quatz crisis....anyway this what has hapened. Most indepenfent "german" brands use either Eta, Miyota, Ronda or Selita movements...
Keep enjoying the watch industry. 😀
Yes, the car industry and aerospace and defense firms did something similar in the 1980s.
Also watchfinder give a warranty on used watches.
So does DelrayWatch.com
@@JohnPWatches nice intro btw :)
John, please pronounce Glass and Huette. It is not sh like short it is only s followed by hutte.
the rest of the comment is perfect, Alex
I was completely unaware. I think it is a masterful business plan for them and very disturbing for watch collectors. 😨
Hahaha yes
please make the next video about some independent watchmakers if any. P.s. ask Hans how to pronounciate Glashütte :)
Glayshooooooot.
I'm rather curious of you will eventually see watch leasing and "certified pre owned" watches. It seems like the market is going in that direction, as it would maximize profits.
You left out ROWLECKS! FMD
Another reason Rolex is king
This is quite depressing.
So buy the stocks.
Buy ORIS! Great Quality/Great Price
Which group owns Oris?
@@roybaker6970 Independent
Watchfinder are way overpriced.
Bloody chow again come on dude lmao great content there greedy bast---ds lol
😂
Way to open yourself up to the Illuminati John!
Interesting video... Just start looking in China and one will know where all the watches and parts are going.
What’s with the laugh......