BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > BIMMERPOST Universal Forums > Off-Topic Discussions Board > Watches
 
EXXEL Distributions
Post Reply
 
Thread Tools Search this Thread
      08-24-2018, 11:18 AM   #1
uniqueMR
Colonel
uniqueMR's Avatar
1879
Rep
2,923
Posts

Drives: ...
Join Date: Dec 2017
Location: USA

iTrader: (0)

MVMT watches sold for $200 mil

$200 million price tag for MVMT in 5 years?
Movado Group acquired MVMT Watches & Accessories.

Great job for a watch company that less watches less than $200



https://www.forbes.com/sites/roberta.../#3ef9452a6a8c
__________________
Currently: '24 Mercedes G63 | '24 Porsche GT3 RS | '24 Volkswagen GTI
Previous BMWs: 340i, 740i, 745Li, M3, M4
Previous Others: Audi, Ducati, Honda, Infiniti, Land Rover, Mercedes-Benz, MINI, Mitsubishi, Porsche, Toyota, Volkswagen
Appreciate 2
shmad111.50
      08-24-2018, 12:27 PM   #2
JamesWWIII
Banned
United_States
2932
Rep
415
Posts

Drives: 2019 440i Coupe
Join Date: May 2018
Location: South Carolina

iTrader: (0)

Garage List
Never been a fan of their stuff, but congrats to the guys who built that business.
Appreciate 2
King Rudi13147.00
      08-24-2018, 12:37 PM   #3
King Rudi
Lieutenant Colonel
King Rudi's Avatar
13147
Rep
1,965
Posts

Drives: Meat Suit
Join Date: Sep 2017
Location: Planet Earth

iTrader: (0)

That's awesome! Congrats to those two guys. I love to hear stuff like this.
Appreciate 0
      08-24-2018, 12:58 PM   #4
FriedPiston
Colonel
United_States
1967
Rep
2,711
Posts

Drives: Scraper
Join Date: Oct 2013
Location: East Oakland, CA

iTrader: (26)

I'm happy for the founders! Two of my colleagues recently acquired a UK-based watch brand in hopes of replicating MVMT's success.
Appreciate 0
      08-25-2018, 09:31 AM   #5
zx10guy
Brigadier General
5137
Rep
3,235
Posts

Drives: 2013 135i
Join Date: Feb 2014
Location: DC

iTrader: (0)

Not crazy about MVMT too.

What puzzles me is MVMT is similar to the ESQ brand Movado killed off. In my opinion, ESQ is way better.
Appreciate 0
      08-25-2018, 10:10 AM   #6
1MOREMOD
-
1MOREMOD's Avatar
United_States
11815
Rep
23,187
Posts

Drives: Race car->
Join Date: Mar 2009
Location: check your mirrors

iTrader: (5)

Yeah just cheap fashion watch brand, what most people wear however. Dont generally buy those types but did get a jack mason while in texas.

Last edited by 1MOREMOD; 09-01-2018 at 04:20 PM..
Appreciate 0
      08-25-2018, 10:14 AM   #7
Savageenterprise
Captain
United_States
981
Rep
640
Posts

Drives: 2008 M3 (E93)
Join Date: Jul 2018
Location: Out and about

iTrader: (0)

Garage List
Word the fuck up. Gotta love America and capitalism
__________________
"Hard times create strong men. Strong men create easy times. Easy times create weak men. Weak men create hard times."
Appreciate 0
      09-01-2018, 04:13 PM   #8
FC4
Brigadier General
2634
Rep
3,385
Posts

Drives: Yes
Join Date: May 2014
Location: US

iTrader: (0)

Not familiar with MVMT, but I like the story. Good on them.
Appreciate 0
      11-27-2018, 02:23 PM   #9
Fritzer
No one sleep in Tokyo
Fritzer's Avatar
No_Country
942
Rep
1,507
Posts

Drives: 2011 E90 328i//1995 E34 530i
Join Date: Oct 2018
Location: San Diego, California -> Austin, Texas

iTrader: (3)

Not a fan of the brand, but good for them.

Goes to show how far you can get with some proper social media marketing. Honestly weren't their watches just Chinese Quartz movements in differently designed cases? I can't imagine more than 25% of the cost of production for those watches was for the movements.
__________________
2011 E90 328i, 1995 E34 530i, 1992 E32 740i, 1991 E34 525i
Appreciate 0
      12-01-2018, 06:13 AM   #10
Adam1607
Registered
0
Rep
1
Posts

Drives: bmw e36 318is
Join Date: Nov 2018
Location: Zagreb, Croatia

iTrader: (0)

I had a MVMT watch, got it as present. They are good looking, but the quality is way below the price. There are a few identical designs on ebay for 10x lower price.
Appreciate 0
      02-05-2019, 04:21 PM   #11
silverarrow
Private
22
Rep
94
Posts

Drives: R8, M4, RR HSE
Join Date: Mar 2016
Location: Austin

iTrader: (0)

Go fund me company
Appreciate 0
      02-05-2019, 05:18 PM   #12
MrGatsby
Second Lieutenant
348
Rep
203
Posts

Drives: E92 M3
Join Date: Sep 2018
Location: M town

iTrader: (1)

Garage List
2009 E92 M3  [0.00]
MVMT, Daniel Wellington, etc. use off the shelf Chinese quartz movements, with a standard Chinese case, white labeled with their heavily marketed brand. It's brilliant, as their margins are HUGE. upwards of 80% on cost of materials (excluding marketing expenses of course). The margins allow heavy marketing dollars to create an image of quality that just isn't really there.
Appreciate 0
      02-08-2019, 09:31 AM   #13
Maynard
Colonel
United_States
3769
Rep
2,857
Posts

Drives: 228iX & M2C
Join Date: Mar 2016
Location: Upstate NY

iTrader: (1)

Curious what the markup is on a Rolex Daytona, over cost of materials, or even a basic Sub? I'd kind of assumed that all these nicer watches were huge-markup items.
Appreciate 0
      02-08-2019, 09:43 AM   #14
uniqueMR
Colonel
uniqueMR's Avatar
1879
Rep
2,923
Posts

Drives: ...
Join Date: Dec 2017
Location: USA

iTrader: (0)

Quote:
Originally Posted by Maynard View Post
Curious what the markup is on a Rolex Daytona, over cost of materials, or even a basic Sub? I'd kind of assumed that all these nicer watches were huge-markup items.
Markups on Rolex is 40-60%.
__________________
Currently: '24 Mercedes G63 | '24 Porsche GT3 RS | '24 Volkswagen GTI
Previous BMWs: 340i, 740i, 745Li, M3, M4
Previous Others: Audi, Ducati, Honda, Infiniti, Land Rover, Mercedes-Benz, MINI, Mitsubishi, Porsche, Toyota, Volkswagen
Appreciate 1
Maynard3768.50
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 09:00 PM.




m3post
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST