Sales of Rolex watches are believed to have surpassed 10 billion Swiss francs ($11.2 billion) for the first time in 2023
Significantly outpacing rivals like Cartier CHF 3.1 billion ($3.5 billion) and Omega CHF 2.6 billion ($2.9 billion). Additionally, Rolex has strengthened its dominant position in the market, capturing a remarkable 30.3% retail market share. Source: Visual Capitalist, www.zerohedge.com
Food for Thoughts
Source: Yasin Arafeh
Returns on different types of luxury goods have ranged from 8% to 280% over the last 10 years, compared to 158.1% for the S&P 500.
However , only one has outperformed the S&P 500 in terms of 10-year returns: Rare whiskey🥃, boasting an impressive 280% return. Source: Genuine Impact
In any thriving workplace, skilled workers often choose to remain because they are rewarded with good benefits and incentives.
Source: agrossoblog.org
Quartr just created this infographic that illustrates the 13 largest luxury companies worldwide by market cap.
Four intriguing facts: → $LVMH's market cap is almost 60% larger than the combined market caps of the bottom 10 companies on the list. → $RMS is by far the largest single-brand company on the list and ~3.5x larger than $RACE. → Despite owning 10+ brands including iconic maisons such as Gucci, Saint Laurent, and Bottega Veneta, $KER's revenue is "only" ~€20B, compared to Hermès' €13B. → Tiffany & Co. was acquired by LVMH during the pandemic at a valuation of $16 billion, which would place them at #8 on this list.
In professional communication, your writing often serves as the first impression for those who don't know you personally
So conveying confidence and maintaining respect is essential. Source: agrossoblog.org
Electric Vehicles: batteries discharged
The end of internal combustion engines is scheduled for 2035 in the EU and Switzerland, yet electric cars sales are not taking off mainly due to their steep prices as well as drivers’ apprehensions surrounding the sparse recharging infrastructure. The mounting skepticism toward electric vehicles has cost Hertz CEO Stephen Scherr his position, last week, as he had heavily invested in electric vehicles only to reverse course. Apple has also recently halted its electric vehicle project after sinking USD 1 bn into it. For those who take the step, the preference goes to affordable Chinese models. China’s BYD has already overtaken Tesla becoming the world's largest EV manufacturer. In the face of this Chinese wave, western manufacturers are struggling to keep pace, and Tesla’s profitability has been declining due to the massive price reductions it has been making. In light of this shifting landscape, a question arises: should Europe and Switzerland reevaluate their strategy and consider easing or postponing their ban on combustion engines cars?
True power according to Warren Buffet
Thru Compounding Quality
