Agreed, not quite sure why theres such an over-reaction with Burberry's news. China and most of Europe still showed good growth (Beijing showing double digits). Im quite sure holding 5-10 years this is still going to be a great investment.
Burberry make clothes. CFR 's business is 75%jewelery and watches. If they secure the production input sources and expand that to become a supplier to other makers they will be headed one way. Thank goodness for diverse views on desirable watches. Panarai!!?
Warhippo - I collect watches - I just don't like Panarai. What is important is that CFR bought maisons like Panarai at a good time. The key point in this whole thing is that manufacturing supplies for watches and jewelery is a major under pin of these busineses and getting your vertical integration pitched correctly is going to be a business growth trigger = or the opposite. I suspect you do not want to be a major supplier of watch parts and movements -with the attendent overheads : when things are slow...hard to call.
At the risk of boring everyone - which is a particular skill often evidenced on this site. There are a whole load of criteria to look at ( sounds familiar) If its from one of the "big 5" then it invariably qualifies as desirable - in fact will probably have a set exchange rate price. If it has complications then that is a plus and if it was produced in limited numbers or represents a particular sporting link -motor racing for example - then ditto ditto. Some guy found TE LAWRENCE's IWC watch which he had when he was in the air force - bought for a song sold for a fortune. Fact is its like cars - always buy the entry level car of a leading brand vs the top end of an aspiring duff brand. Oh yes , Jaeger le Coultre, IWC , Rolex. All vintage.
Thanks for that and very interesting hobby and view. (If my understanding is correct, Jaeger-LeCoultre has been a fully owned subsidiary of Richemont as well?) Jaeger-LeCoultre also has a long tradition of supplying movements and parts to other prestigious watch companies in Switzerland.
3G down in the South Western Districts- good old Vodacom - masters of client relationships ( still a buy ) just got back up on Sunday. JleC as you say is a subsidiary of Richmont. Hamilton? - fun but that is it I think. There is always money in quality - plus what you get with quality...pleasure