Surprised to hear that Rolex is still “resilient,” most reports show all luxury brands are taking a major hit but not surprising that Ulysse Nardin and Girard P

Surprised to hear that Rolex is still “resilient,” most reports show all luxury brands are taking a major hit but not surprising that Ulysse Nardin and Girard Perrigeaux are hurting, the entire mid-to-high end luxury watch market got saturated not only by major brands keeping up with demand but lots of smaller, high-end microbrands such as Rexhep Rexhepi and H. Moser & Cie. entered or got noticed when the watch market got hot and boosted the market and also ate share. One question I’m curious of is how many middle managers got furloughed versus labor?