Glycine bought out by Invicta Watch Group

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Ryeguy
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Re: Glycine bought out by Invicta Watch Group

Post by Ryeguy » Sun Aug 07, 2016 8:00 am

JP Chestnut wrote:
Ryeguy wrote:
JP Chestnut wrote:
Ryeguy wrote: This also shows us what "sells" in the watch world - garish fashion watches with inflated prices sold a "discount" prices. Good quality at a reasonable price does not sell.
I'd be interested in a peek at Sinn's books.
Yes, and maybe Oris too. Is Eterna still owne by that Chinese fashion brand company?

I think we'll see a wave of this going on.

Swatch was able to survive the '80's through the careful selection of brands with specific IP to offer. I don't see the current independents having nearly as much to offer.
I think watchbuys brand assortment is a who's who of brands that will be bought up or go out of business, with the possible exceptions of Nomos and Sinn.

I'm shocked that people buy some of those watches.
Good observation. I just went through their website going yes, them too, and them, etc.

According to the web, Oris did almost 52 Million CHF in revenue in 2012. I wonder what their 2015 revenue will be? I've got to think someone like Fortis is generating less than 50% of Oris' revenue making them an easy target for acquisition.

The only thing those guys offer is brand recognition though, so it'll be hard to pin a value on the company. I think Fortis' claim to fame is their association with the Russian space program - cool, but not necessarily going to make me open up my wallet.

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Re: Glycine bought out by Invicta Watch Group

Post by ericf4 » Sun Aug 07, 2016 8:04 am

djh1201 wrote:That sucks, when 1st started in this addiction, I was a big Glycine fan. Worst watch news I heard since Anonimo got bought out.
Ugh....this^^^

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squibby
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Re: Glycine bought out by Invicta Watch Group

Post by squibby » Sun Aug 07, 2016 10:10 am

Sad sad news .... Yup....there goes the neighborhood


God Bless, Liz

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streetracer101
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Re: Glycine bought out by Invicta Watch Group

Post by streetracer101 » Sun Aug 07, 2016 1:28 pm

Ryeguy wrote:
JP Chestnut wrote:
Ryeguy wrote:
JP Chestnut wrote:
Ryeguy wrote: This also shows us what "sells" in the watch world - garish fashion watches with inflated prices sold a "discount" prices. Good quality at a reasonable price does not sell.
I'd be interested in a peek at Sinn's books.
Yes, and maybe Oris too. Is Eterna still owne by that Chinese fashion brand company?

I think we'll see a wave of this going on.

Swatch was able to survive the '80's through the careful selection of brands with specific IP to offer. I don't see the current independents having nearly as much to offer.
I think watchbuys brand assortment is a who's who of brands that will be bought up or go out of business, with the possible exceptions of Nomos and Sinn.

I'm shocked that people buy some of those watches.
Good observation. I just went through their website going yes, them too, and them, etc.

According to the web, Oris did almost 52 Million CHF in revenue in 2012. I wonder what their 2015 revenue will be? I've got to think someone like Fortis is generating less than 50% of Oris' revenue making them an easy target for acquisition.

The only thing those guys offer is brand recognition though, so it'll be hard to pin a value on the company. I think Fortis' claim to fame is their association with the Russian space program - cool, but not necessarily going to make me open up my wallet.
I think Oris is ok. They have a lot of grey market, but I imagine they have high mark ups and their latest offerings seen to be generating a fair amount of buzz.

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Last edited by streetracer101 on Sun Aug 07, 2016 4:42 pm, edited 1 time in total.
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CGSshorty
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Re: Glycine bought out by Invicta Watch Group

Post by CGSshorty » Sun Aug 07, 2016 4:37 pm

Maurice Lacroix at Touch of Modern at close out prices right now. Some nice Pontos S divers that are very cheap.
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Re: Glycine bought out by Invicta Watch Group

Post by Panerai7 » Sun Aug 07, 2016 4:59 pm

$1650 for a Pontos S Diver

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Re: Glycine bought out by Invicta Watch Group

Post by streetracer101 » Sun Aug 07, 2016 5:03 pm

Panerai7 wrote:$1650 for a Pontos S Diver
Too bad there isn't a 20% coupon right now.
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Re: Glycine bought out by Invicta Watch Group

Post by CGSshorty » Sun Aug 07, 2016 5:06 pm

streetracer101 wrote:
Panerai7 wrote:$1650 for a Pontos S Diver
Too bad there isn't a 20% coupon right now.
That's the same watch as the $4k Red Bar LE.
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Re: Glycine bought out by Invicta Watch Group

Post by streetracer101 » Sun Aug 07, 2016 5:10 pm

CGSshorty wrote:
streetracer101 wrote:
Panerai7 wrote:$1650 for a Pontos S Diver
Too bad there isn't a 20% coupon right now.
That's the same watch as the $4k Red Bar LE.
If anyone paid $4k for that watch, they're a fucking idiot.
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Re: Glycine bought out by Invicta Watch Group

Post by Panerai7 » Sun Aug 07, 2016 5:13 pm

streetracer101 wrote:
CGSshorty wrote:
streetracer101 wrote:
Panerai7 wrote:$1650 for a Pontos S Diver
Too bad there isn't a 20% coupon right now.
That's the same watch as the $4k Red Bar LE.
If anyone paid $4k for that watch, they're a fucking idiot.
That's how much they were? Wow

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Re: Glycine bought out by Invicta Watch Group

Post by CGSshorty » Sun Aug 07, 2016 5:29 pm

Panerai7 wrote:
streetracer101 wrote:
CGSshorty wrote:
streetracer101 wrote:
Panerai7 wrote:$1650 for a Pontos S Diver
Too bad there isn't a 20% coupon right now.
That's the same watch as the $4k Red Bar LE.
If anyone paid $4k for that watch, they're a fucking idiot.
That's how much they were? Wow
I assume so, as that is MSRP ($3,500 actually). It wouldn't be the first time I'm wrong, though. Perhaps ML gave them the ToM price.
"It's such a fine line between stupid, and clever."
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wardog
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Re: Glycine bought out by Invicta Watch Group

Post by wardog » Sun Aug 07, 2016 7:10 pm

So we'll finally be able to get a Glycine with a Flame Fusion Crystal??!!! :neener:

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Re: Glycine bought out by Invicta Watch Group

Post by mikeylacroix » Sun Aug 07, 2016 7:24 pm

CGSshorty wrote:
Panerai7 wrote:
streetracer101 wrote:
CGSshorty wrote:
streetracer101 wrote:
Panerai7 wrote:$1650 for a Pontos S Diver
Too bad there isn't a 20% coupon right now.
That's the same watch as the $4k Red Bar LE.
If anyone paid $4k for that watch, they're a fucking idiot.
That's how much they were? Wow
I assume so, as that is MSRP ($3,500 actually). It wouldn't be the first time I'm wrong, though. Perhaps ML gave them the ToM price.
Just had a look...even signed up..gah back to normal prices now

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Re: Glycine bought out by Invicta Watch Group

Post by CGSshorty » Sun Aug 07, 2016 8:22 pm

mikeylacroix wrote:
CGSshorty wrote:
Panerai7 wrote:
streetracer101 wrote:
CGSshorty wrote:
streetracer101 wrote:
Panerai7 wrote:$1650 for a Pontos S Diver
Too bad there isn't a 20% coupon right now.
That's the same watch as the $4k Red Bar LE.
If anyone paid $4k for that watch, they're a fucking idiot.
That's how much they were? Wow
I assume so, as that is MSRP ($3,500 actually). It wouldn't be the first time I'm wrong, though. Perhaps ML gave them the ToM price.
Just had a look...even signed up..gah back to normal prices now
Still says $1,649.00 for me.
"It's such a fine line between stupid, and clever."
David St. Hubbins

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craniotes
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Re: Glycine bought out by Invicta Watch Group

Post by craniotes » Sun Aug 07, 2016 8:32 pm

$3750, actually. Pretty sure the 10 RedBar LEs have the distinction of being the only MLs to ever sell for list price. ;)

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(All things considered, not a horrible watch...)

As for the topic at hand, while I've never been a Glycine fan, per se, I always respected the brand. Now... Honestly, even if Invicta leaves them be and let's them continue to operate autonomously, I'd still have a hard time putting one on my wrist given just how much I loathe that shit company.

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Re: Glycine bought out by Invicta Watch Group

Post by ericf4 » Sun Aug 07, 2016 8:44 pm

streetracer101 wrote:
CGSshorty wrote:
streetracer101 wrote:
Panerai7 wrote:$1650 for a Pontos S Diver
Too bad there isn't a 20% coupon right now.
That's the same watch as the $4k Red Bar LE.
If anyone paid $4k for that watch, they're a fucking idiot.
This^^^

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Re: Glycine bought out by Invicta Watch Group

Post by craniotes » Sun Aug 07, 2016 8:47 pm

Alas, there are nine of those fucking idiots out there...

Oh, and me too. :shrug:

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Re: Glycine bought out by Invicta Watch Group

Post by streetracer101 » Mon Aug 08, 2016 2:56 am

craniotes wrote:Alas, there are nine of those fucking idiots out there...

Oh, and me too. :shrug:

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Adam
That's not fair Adam... You probably got yours for free, so you're not in the same category as the other 9.

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Re: Glycine bought out by Invicta Watch Group

Post by craniotes » Mon Aug 08, 2016 9:18 am

streetracer101 wrote:
craniotes wrote:Alas, there are nine of those fucking idiots out there...

Oh, and me too. :shrug:

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Adam
That's not fair Adam... You probably got yours for free, so you're not in the same category as the other 9.

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I wish, but no, I paid for mine just like everyone else. True, RedBar Group, LLC got a piece of the backend, but it wasn't all that much and I folded the money into our charitable fund.

At the end of the day, you can't reasonably expect a discount on LEs with such a short run. While Shorty likes to say that the RedBar LE is exactly the same as the standard production PVD Pontos S Diver, in reality it's an entirely different SKU with ten cases produced specifically for RedBar; i.e. they didn't just grab a bunch off the production line (FWIW, ML is one of a handful of manufactures that actually make their own cases). Ideally, there's more I wish we could've done the watch (delete the date window, for instance), but it was hard enough just to get our logo on the back, switch from orange to red and add the red-stitched straps.

Ultimately, whether or not it's worth $3750 is irrelevant; if you wanted one – I did, and so did 8 others (we kept one for posterity, though we might end up selling it later on) -- this was the only game in town.

As for our next LE, I can all but guarantee that you guys won't be hating on it. At all. ;)

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Re: Glycine bought out by Invicta Watch Group

Post by streetracer101 » Mon Aug 08, 2016 7:07 pm

craniotes wrote:
streetracer101 wrote:
craniotes wrote:Alas, there are nine of those fucking idiots out there...

Oh, and me too. :shrug:

Regards,
Adam
That's not fair Adam... You probably got yours for free, so you're not in the same category as the other 9.

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I wish, but no, I paid for mine just like everyone else. True, RedBar Group, LLC got a piece of the backend, but it wasn't all that much and I folded the money into our charitable fund.

At the end of the day, you can't reasonably expect a discount on LEs with such a short run. While Shorty likes to say that the RedBar LE is exactly the same as the standard production PVD Pontos S Diver, in reality it's an entirely different SKU with ten cases produced specifically for RedBar; i.e. they didn't just grab a bunch off the production line (FWIW, ML is one of a handful of manufactures that actually make their own cases). Ideally, there's more I wish we could've done the watch (delete the date window, for instance), but it was hard enough just to get our logo on the back, switch from orange to red and add the red-stitched straps.

Ultimately, whether or not it's worth $3750 is irrelevant; if you wanted one – I did, and so did 8 others (we kept one for posterity, though we might end up selling it later on) -- this was the only game in town.

As for our next LE, I can all but guarantee that you guys won't be hating on it. At all. ;)

Regards,
Adam
All that matters is that you like it, but I still contend that you're nuts for paying list for a watch that routinely sells for 25-50% off MSRP no matter how irrelevant price is in anyone's book. At the end of the day, its nothing more then a plain jane Pontos diver with a different color scheme and caseback.
I do hope you can get things to turn around for the brand. They have some cool models and I am interested in future offerings.
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Re: Glycine bought out by Invicta Watch Group

Post by craniotes » Mon Aug 08, 2016 7:10 pm

I can guarantee that 10 LEs for a lousy watch club ain't turning shit around for the brand. :shrug:

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Re: Glycine bought out by Invicta Watch Group

Post by CGSshorty » Mon Aug 08, 2016 7:16 pm

ML is my prediction to be the next one to bite the dust or be acquired by a shitty Chinese company.
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Re: Glycine bought out by Invicta Watch Group

Post by demer03 » Tue Aug 09, 2016 3:29 am

We bang on about shitty Invicta, but if it's one thing I've learned in 27 years in business, "just good enough" and a robust ROI is a solid strategic business plan.

There's this guy (I won't name names) on the Facebook divers watch group....very popular, it seems....and his morning Invicta post is pure comedy gold wake-up. It works for him, though.

As far as Glycine is concerned....and I hate to sound like Mikey here (that's funny right there)...but vintage is the only way I'd go.
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Re: Glycine bought out by Invicta Watch Group

Post by CGSshorty » Tue Aug 09, 2016 4:03 am

That guy must have 100 of those Invictas. He sure does love them.
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Re: Glycine bought out by Invicta Watch Group

Post by justsellbrgs » Tue Aug 09, 2016 5:58 am

CGSshorty wrote:ML is my prediction to be the next one to bite the dust or be acquired by a shitty Chinese company.
A guy that has been on this forum and is in touch mentioned to me a few months back: ML, FConstant, JeanRichard.......and maybe Glycine... :shock:

I guess he should be laying some bets in Vegas on his next visit....
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