"Sometimes life is a special occasion". Yes Fed, yes.

Did the buyers pay full retail for the brand?

Hi Fed, ORIS had a similar thing happen back in the day, they were part of a major conglomerate for a while, and their management bought the company back, making them independent again.

thank you so much for this one Federico I even watch it several times because I love so much >Girard Perregaux since 2017 it's extraordinary the job they've done on the Laureato

GP and UN are two of my favorite brands. Super high quality and some of the most technically innovative brands out there. Both are grail watch brands too me. People forget about how unique and important the freak was. It was the first watch with silicon parts, something that is now used widely.

Great content! Thanks for sharing.

Agree this is positive. Will be interesting to see what they do with these independent Brands now!

Big money backing is useless if the money people don’t know what to do. They’re probably better off now.

Great news! Hopefully they will focus in on the model lines that matter and cut production

Great video and nice watch - “sometimes life is a special occasion” - agree

Loving the frames

very interesting!!! will this change the design with either brand? will both brands have fewer models and make them more interesting? this is very exciting news to hear! I cant wait to see the new products that come from both brands!

I wonder if, at least initially, if Kering will still handle the distribution of the Two Watch lines ?

Makes me happy that GP is independent again.

This is great news for Girard Perregaux. I have the Laureato on my "To Buy" list, but have always been hesitant since I have never seen GP sold in an AD nor its own boutique. I know of Ulysses Nardin, but their models never appealed to me. Having the management team buy both GP & Ulysses Nardin can be a huge step in the right direction since the team believes in the brand and can now make decisions faster without a "group" watching over their shoulders -- think of it as a new start!

Excellent news. Conglomerates offer their subsidiary brands security, money and exposure, but may hamstring them with corporatist management and limited creative license. GP and UN have notable precedents to build upon. For example, The Freak (an embarrassing name for an entertaining orbiting movement) format could be developed much further. Other brands Fed lamented earlier are IWC and Panerai that are at risk of becoming irrelevant. As Fed said, this would be especially unjust for Panerai that ought to own its niche market--a distinctive tool watch with maritime history uniquely associated with tiny navies such as Italy's and Egypt's, and having the potential to partner with other small nations beyond Mare Nostrum (such as Grand Fenwick). Rumor: a formidable entity in Palm Beach County has been assembling a syndicate to rescue Panerai.

Exciting! Stache on point.

I like both of these brands and hope that they come out with some great new watches now that they don’t have bean counters running the company.

Happy as long as the Laureato doesn't go up in price!

Fed you are looking healthier with each new video. Cheers to the New Year!

Reminds me the beginning of some Biver's success stories: there is a great potential here.

Great video brotha 👌 I'm torn between the Omega Speedmaster MW and Zenith open heart chronmaster 1969 for my next watch ⌚ the choice is extremely hard

Hey Fed. been a fan for about 3 years now. Watch all of you and John P videos. Could you do a video/review of the Jaeger Master Control with the sector dial? My grail watch. Are they super rare or am I just looking in wrong places? Do you ever get them?

Always great reviews. And BTW, you should do a video on your weight loss journey. Impressive!

Love the channel. Would like your opinion about Time Piece Gentleman coaching sessions for new watch dealers. Anthony might be onto something with GP and I was considering enrolling in his course.

I am an avid collector as I will have over 100 watches and GP is always been one of my sought after watches which I do have a few of them vintage and new and I tell you what U.N. I almost bought one about 4 years ago back thank you for all the information keep up the good work and you look stunning time to buy some smaller shirts now keep up the good exercise program and food eating program you're looking good fed

Looking well sharp. Nice shirt. Good combo with the watch imo.

Great video havent seen Federico videos in a while but he look great now..!

Love the stache Fed! Great content as always.

I'm man crushing hard in this video. You're looking great Fed!! Love the stache.

once TPG started pushing GP they knew it was time to sell

Happy that I own a beautiful GP

You know what I love about Delray Watch? The "I have to ask my wife" feature, that is hilarious. 😂🤣

You have the BEST style, dude!

I like the English detective look lol 🇬🇧👍🏻

It has not been rumoured but Kering told themselves that they want to sell their watch business but they did not find an appropriate buyer. Let's see what this now means. Take care ;)

Federico, your watch looks great and also the colour of your shirt. Not to mention the Goggle glasses. let's go flying.

Interesting news! I've been thinking about picking up a GP or Zenith for a while now. Not sure exactly how that may affect that decision yet....

Yeah this has been a long time coming. Just look at the parent company portfolio

'stach and new glasses - a more glamourous Fed!

3:11 every watch flippers dream lol

Hey, Federico got a "mustacho"! For the ladies? Cheers!

I love GP. Hopefully this will be a successful direction for the brand.

Loved your moustache

Great news! Full chance to take a revamp to both brands. Buy GP watches now. Potential to attack AP position. Thx 4 your video, Federico

As a former alcoholic/addict. Still being alive, despite my best efforts is a miracle worthy of daily gratitude. All negative emotions cease when you have gratitude for the small things in life. Great video.

In my humble opinion it is a good move for GP and folks like us that have been GP fans for decades. And by the way, this is coming from someone that has PP, Rolex, some coveted micro brands and other popular brands in his collection. An enthusiast of the brand that knows the business running the company… why would that not be a good thing?!

I think that's good news for the two brands. IMO, they both are undervalued brands and hopefully the new management can take them to the next level for both the brands.

Roman just called this dude soft

Q is: does they have enough money to improve the brands further ?

This purchase has been possible as The TPG especially Anthony, has been pushing GP for the last 3 weeks and we know that he’s a marketing genius!!

are you mentioned in the recent roman sharf grey market episode ?

Federico is fast becoming the Buddha for horological aficionados!

Kering still own quite a few outher brands . Thanks Fed .

TPG will try to put a premium on GP watches

Its matches ur shirt Fed.....rock it!

Managment buying companies always sounds very fishy to me... Lots of examples where managment does a bad job or neutral job on purpose to buy the company for cheap... not good usually at least from what I have seen in the stock market for the original shareholders

Good news I think. might free up some extra creativity also now they have no big board to answer to.

one of the few good looking mustaches out there!

I quite like some of UN’s pieces , I think this is good news

Good News

Lovin the ‘stache

Good news

Those specs are sic

…hey i’m wearing my 1950s GP dress watch on tactical leather textile strap ! agree good news esp GP which needs a kick in the contemporary design pants…UN though i do not own has been putting out some very butch watches for several years…their persistent nautical design though don’t fit my lifestyle…

GP is a great brand, with a long history to match, I hope it works out 4 them. UN have never really been my personal cup of tea

Late comment, but maybe they will revive the JeanRichard brand with this change.

Wow

So they are going independent. Should make for some interesting releases

I hope it works out for GP. It’s sort of a brand that I’m fond of but couldn’t handle the depreciation on. I was browsing in Selfridges in the UK last week. The sales assistant was most insistent that I try on a 1966 after I made the mistake of asking a question and it was bad and by bad I mean BAD. It felt like a sub-£1000 watch for the price of £7500. … Of course this might just be me being an idiot and knowing nothing about watches but I was quite shocked at what you got for your money.

Epic mustache

My two cents... GP is sponsoring Aston Martin, which is led by Lawrence Stroll... could he be behind the purchase?

Kerring probably expects the watch market to collapse as Covid winds down.

Sporting a stach!

They need to redesign the Leaureto, push it away from it looking so much like a bootleg Royal Oak and keep the theme as a more affordable luxury sports but have it claim its own identity... If you look at the overseas, nautilus and RO, they're in the same league but they're completely different, Leaureto will probably never be in the same league but perhaps it can gain some ground as a more affordable and unique alternative with technically better specs like hacking or better water resistance or a range of dial colours etc... I think there in lies the key to their success because if they have a desirable flagship, then the lower end models might get more attention... A brand with that much heritage had a huge opportunity I think!

Fed how is the diet going?

It was me I bought it just so I can tank the prices of GP so tight pants tony from TPG can play his stupid games to try and pump the GP prices

Hey fed, that mustache is strong you should grow a beard to match

Anthony farrer and Federico wetting themselves over GP . Pump and dump.

Rolex should buy them to make a great dressy watches. Can you imagine rolex puttin their touches on these brands.

2 high end but toxic brands. I despise both, btw.

Anthony Farrer aka Mark Wahlberg entered the chat