Cortina Watch Theft Saga

[wolfeyes1974]

hi dark.....recently, a boutique manager told me alot of highend watches came to sg instead of US markets.

i was at sincere, ngee ann city and saw so many pieces of Panerai being display for customers to see.

at raffles city, cortina....they even show me IWC topgun single and double chrono.

we can see a lot of pams (and other high end watches) now in SG's boutiques because of mainly 2 reasons:

1. Asia's watch industry still growing (US/UK cannot sell them as well as before)
2. Switzerland getting rid of stocks to reduce holding costs and possible new models launching soon at Basel 2009

[Mille]

think the thieves very hard to offload them. if bring to service centre confirm the serial number will raise problems..

[116520]

3. They thought Singapore is safe mah...

we can see a lot of pams (and other high end watches) now in SG's boutiques because of mainly 2 reasons:

1. Asia's watch industry still growing (US/UK cannot sell them as well as before)
2. Switzerland getting rid of stocks to reduce holding costs and possible new models launching soon at Basel 2009

[wolfeyes1974]

3. They thought Singapore is safe mah...

funny why such huge news only published days after it happened? hmm....

[Hary]

Coz it's public listed company mah, any bad news hit the share immediately

[116520]

Ha ha... I thought you guys should know how efficient our singapore news team??

There is a number to call to report any news and I guess nobody call to report loh... btw, what is the number huh??

funny why such huge news only published days after it happened? hmm....

[bubbfish]

think the thieves very hard to offload them. if bring to service centre confirm the serial number will raise problems..

So now buying watches other than from ADs, better check serial number 1st ?

[116520]

So after christmas, the management straight away called their fathers, mothers, brothers, sisters, aunties, uncles, friends, neighbours, etc to sell all their cortina shares... THEN, they release the news loh....

Coz it's public listed company mah, any bad news hit the share immediately

[cedric]

funny why such huge news only published days after it happened? hmm....

Coz it's public listed company mah, any bad news hit the share immediately

Might not have been reported if the company is not a PLC... it seems like it was only reported as a business news

[116520]

Check??? How to check??? You have the list of series numbers of those lost watches???

So now buying watches other than from ADs, better check serial number 1st ?

[daveevan]

I think its time and good excuse to retrench those bad attitude SA... agree?

[Darkangel]

think the thieves very hard to offload them. if bring to service centre confirm the serial number will raise problems..

That's what you think

[Darkangel]

hi dark.....recently, a boutique manager told me alot of highend watches came to sg instead of US markets.

i was at sincere, ngee ann city and saw so many pieces of Panerai being display for customers to see.

at raffles city, cortina....they even show me IWC topgun single and double chrono.

The theives must have overheard u hehehe

[cedric]

haha... not their fault lah.. (unless insider job)... but then again.. attitude really not the best...

[116520]

Retrench all their SA also cannot recover S$7.9M lah.... What needs to be done is to ask the management & directors to reduce their salaries and director's fees.... you guys go and check out their annual report.... Probably S$7.9M also not enough to pay their management and directors for one year!

I think its time and good excuse to retrench those bad attitude SA... agree?