Opportunities For Improvement In The Luxury Watch Industry In 2017
The luxury watch industry is finishing off a difficult year with industry reports continuing to be skeptical. I believe there are many bright spots and opportunities for improvements to re-establish growth in 2017.In reaching these conclusions, I draw on my academic studies in business as well as my research of the watch industry from a business perspective, looking at finances, marketing, history, and strategic positioning. In this article, I will present my opinions on areas that can be improved within the industry’s control and do my best to support these with information from annual reports, investment, and consulting firm analyst reports, or other research.?I will highlight the bright spots of the industry and make a case for changes that can be made at the company level. My goal is that this article will encourage additional dialogue on ways the luxury watch industry can improve despite difficult economic conditions.
Parmigiani Toric Kaleidoscope Prestige Piece Unique Minute Repeater Watch Hands-On
These days, if it says “Toric” and the watch is a Parmigiani, you can be mostly sure of two things. First, that the watch is more than likely a one-of-a-kind “piece unique“; second, that it is a minute repeater. Parmigiani Fleurier produced series “Toric” models in the past, but today, I believe, these high-end watches are almost exclusively produced as one-of-a-kind art watches to satisfy the brand’s more “esteemed” clientele. Almost each year, Parmigiani comes out with at least one new Toric minute repeater watch, and for 2016, one of them is this Toric Kaleidoscope Prestige that is interesting to observe in action.I believe my last time going hands-on with one of these piece unique minute repeaters was back in 2013 while examining the Parmigiani Toric Quaestor Labyrinthe watch. In that instance, I found the artistic “labyrinth” maze-style dial to be of note. While most of these watches share the same case with Parmigi