“A phase in which all manufacturers were doing well is coming to an end,” he said. “In good times, too much is often produced. When the markets weaken, as is the case now, watch dealers come under pressure and respond with discounts. This is extremely problematic because discounts damage emotional products like ours.”
Was just reading this and I agree, this year will be a ‘back to reality’ year.
And I’m actually excited for that.
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