Is a Blackstone Exit Best for Leica ?
Old 03-04-2015   #1
CameraQuest
Head Bartender
 
CameraQuest is offline
Join Date: Mar 2005
Location: over the hills from Malibu
Posts: 5,251
Is a Blackstone Exit Best for Leica ?

If Blackstone is not happy with Leica, most likely Leica is not all that happy with Blackstone either.

So Leica gets a new CEO - most likely given the instructions of increasing profits. Good luck with that. The M and S product lines can not realistically take price increases. The T product line is sales dead. If the lead time on a new better selling product line is two years, will Blackstone be willing to wait that long for results?

Whatever the new CEO does, I don't see Leica profits greatly increasing in this climate of decreasing digital camera sales.

So the new CEO will probably make adjustments amid wonderful promises of bigger profits - and fail to deliver. Granted profits could be increased somewhat just by overcoming management mistakes - but it still likely to make the HUGE difference Blackstone most likely is looking for.

What happens then? Blackstone will exert yet more pressure to get higher profits and return on investment. Those will be happy times for all in Leica management.

The best solution for Leica may be getting Blackstone out of the Leica picture, replaced by with a new partnership with another experienced camera maker that has realistic expectations of what can really be accomplished in today's camera marketplace.

Unfortunately replacing Blackstone may not be an easy or pretty task.

Stephen
  Reply With Quote

Old 03-04-2015   #2
f16sunshine
Moderator
 
f16sunshine's Avatar
 
f16sunshine is offline
Join Date: Apr 2009
Location: Seattle
Age: 49
Posts: 5,506
Product lines....

If Leica was to begin actually producing lenses for other mounts, it sure seems they could find some great footing there.
As an outsider looking in, their problems all seem to come from the camera side.
Licensing to Panasonic is fine but, actually producing high end lenses for other mounts in that big new factory could really be good.

Panasonic is probably a much better fit than BS. They create products to produce their revenue. It just makes sense.
Leica needs help with their tech. Partnering with a tech giant with avested interest provides that help.
__________________
Andy
  Reply With Quote

Old 03-04-2015   #3
View Range
Registered User
 
View Range is offline
Join Date: Jan 2014
Posts: 167
Stephen, what camera maker would you like to see be the partner?
  Reply With Quote

Old 03-04-2015   #4
johannielscom
Leica II is The One
 
johannielscom's Avatar
 
johannielscom is offline
Join Date: Jun 2007
Location: Universitas Terre Threntiae
Posts: 6,909
Voigtlander should get in with Leica.

Mr. Kaufman and Mr. Kobayashi together would be a brilliant tag team
__________________
www.johanniels.com | flickr | instagram
  Reply With Quote

Old 03-04-2015   #5
daveleo
È quello che è.
 
daveleo is offline
Join Date: Oct 2010
Location: People's Republic of Mass.
Posts: 3,592
Quote:
Originally Posted by f16sunshine View Post
Product lines....

If Leica was to begin actually producing lenses for other mounts, it sure seems they could find some great footing there.
As an outsider looking in, their problems all seem to come from the camera side.
Licensing to Panasonic is fine but, actually producing high end lenses for other mounts in that big new factory could really be good.

Panasonic is probably a much better fit than BS. They create products to produce their revenue. It just makes sense.
Leica needs help with their tech. Partnering with a tech giant with avested interest provides that help.

Thank you, Andy for typing what I was too timid to type.
I am not a Leica follower, but it seems to me for a long time now, L should do what they do best - lenses for other camera mounts.
__________________
Dave


"Insults are pouring down on me as thick as hail." .... E. Manet
  Reply With Quote

Old 03-04-2015   #6
CameraQuest
Head Bartender
 
CameraQuest is offline
Join Date: Mar 2005
Location: over the hills from Malibu
Posts: 5,251
Quote:
Originally Posted by View Range View Post
Stephen, what camera maker would you like to see be the partner?
ANY camera manufacturer would likely be a better long term Leica fit than Blackstone.

That said, Panasonic is probably the most logical given their long and successful relationship with Leica.
Whether or not that deal could be made, who knows.

Leica does not always does not always take the most logical or profitable route. Over a decade ago I talked with top Leica management about producing R lenses in Nikon F mount. It would have kept the R lens lineup in production and became a major profit source. You all know how many Leica lenses in Nikon F mount were sold.

Stephen
  Reply With Quote

Old 03-04-2015   #7
hipsterdufus
Photographer?
 
hipsterdufus's Avatar
 
hipsterdufus is offline
Join Date: Dec 2009
Location: Ferndale, MI
Posts: 880
It could make sense having Panasonic be the partner for Leica. Even if Leicas sell at minimal/negative profit, Panasonic could view it as a loss-leader flagship brand to get people to buy their cheaper cameras. Many supercars (I'm looking at you, Ford GT) are sold at a loss to bring prowess to the brand. I could see something similar working in the camera market.
__________________
-Eric K.
  Reply With Quote

Old 03-04-2015   #8
fireblade
Vincenzo.
 
fireblade's Avatar
 
fireblade is offline
Join Date: Sep 2009
Location: Australia
Posts: 1,177
Blackstone poured $300 million into Leica...how much are they willing to lose to walk away?
__________________
Vincenzo

"No place is boring, if you've had a good night's sleep and have a pocket full of unexposed film."
  Reply With Quote

Old 03-04-2015   #9
Solinar
Analog Preferred
 
Solinar's Avatar
 
Solinar is online now
Join Date: Aug 2004
Location: Austin, TX
Posts: 2,344
Quote:
Originally Posted by fireblade View Post
Blackstone poured $300 million into Leica...how much are they willing to lose to walk away?
I didn't know that. A considerable sum even if it's tiny percentage of Blackstone's total investments.

I'd rather see an entity already in the camera business replace Blackstone. Is Panasonic ready to make the leap into a FF 35mm digital?
__________________
- Andrew in Austin, Texas -

35mm Gear Bessa R, Leica II, - IIIg, - M2
Just for fun 35mm Gear Oly 35RC, 35RD and a XA
Modern Medium Format Fuji GW 690III
Vintage MF Folders a Bessa II, ZI Mess Ikonta - 524/2, an Agfa Super Isolette & Record III
Digital a D300 with some primes

"Who spilled the Dektol on the bathroom carpet?"
  Reply With Quote

Old 03-04-2015   #10
View Range
Registered User
 
View Range is offline
Join Date: Jan 2014
Posts: 167
Stephen, the problem is most (all?) camera manufactures are also in trouble. Sony overall is in very bad shape. Nikon's sales are plummeting. How long will it be until all point and shot cameras are replaced by cell phones? I'm not sure there is a camera manufacturer with earnings big enough to be a helpful partner. Is Panasonic willing to sacrifice earnings to help Leica?
  Reply With Quote

Old 03-04-2015   #11
CameraQuest
Head Bartender
 
CameraQuest is offline
Join Date: Mar 2005
Location: over the hills from Malibu
Posts: 5,251
Quote:
Originally Posted by fireblade View Post
Blackstone poured $300 million into Leica...how much are they willing to lose to walk away?
Blackstone already has some losses on the deal if Leica return on investment does not meet initial projections.

The new question becomes whether Blackstone can make more money with a big Leica hair cut sale and investing Blackstone $ elsewhere,
or holding onto Leica.

Its hard to imagine that someone at Blackstone is not hard at work to answer that question.

Stephen
  Reply With Quote

Old 03-04-2015   #12
Roger Hicks
Registered User
 
Roger Hicks is offline
Join Date: Apr 2005
Location: Aquitaine
Posts: 22,793
Quote:
Originally Posted by CameraQuest View Post
Blackstone already has some losses on the deal if Leica return on investment does not meet initial projections.

The new question becomes whether Blackstone can make more money with a big Leica hair cut sale and investing Blackstone $ elsewhere,
or holding onto Leica.

Its hard to imagine that someone at Blackstone is not hard at work to answer that question.

Stephen
Dear Stephen,

Hard, verging on impossible. I have to admit that I was mightily puzzled when Blackstone bought in. Maybe someone there was unable to understand that Dr. Kaufmann doesn't always think quite the way they do. As you so rightly say, "ANY camera manufacturer would likely be a better long term Leica fit than Blackstone."

Cheers,

R.
__________________
Go to www.rogerandfrances.eu for a whole new website
  Reply With Quote

Old 03-04-2015   #13
fireblade
Vincenzo.
 
fireblade's Avatar
 
fireblade is offline
Join Date: Sep 2009
Location: Australia
Posts: 1,177
The business model is flawed, they had to sell 3,500 MM to recoup their money on that R&D/build...they sold 3 times that amount, but then open the new Portugal factory at a cost of 65 million Euro, but here is the cherry...Kaufmann funds the build, Leica then pay him rent....and Blackstone allow this?
The one year Leica turn a profit, Blackstone want in..bad decision as we now see.
Further, 90% of Leica sales are in the USA and China....too many eggs in the one basket.
....anyways, there is always another sucker waiting in line with a wad of money to spend....a Japanese camera firm?..maybe, but their negotiations will be hard, shrewd and to suit them...time.
__________________
Vincenzo

"No place is boring, if you've had a good night's sleep and have a pocket full of unexposed film."
  Reply With Quote

Old 03-04-2015   #14
fireblade
Vincenzo.
 
fireblade's Avatar
 
fireblade is offline
Join Date: Sep 2009
Location: Australia
Posts: 1,177
Quote:
Originally Posted by Jack Sparrow View Post
That's some exchange rate...

But it was only 140M euros (155M dollars). Potentially more if there was additional funding after the initial deal.

....."Blackstone didn’t acquire a 44% share for about $300 million in Leica because they’re nice. They want to make money. Now they’re pushing a marketing guy? Doesn’t marketing sell air bubbles? What about experience and knowing the industry? Cameras and Leica are Kaufmann’s and Schopf’s Herzblut. COO Markus Limberger as new CEO would certainly make more sense than an industry outsider."

__________________
Vincenzo

"No place is boring, if you've had a good night's sleep and have a pocket full of unexposed film."
  Reply With Quote

Old 03-04-2015   #15
Colin Corneau
Colin Corneau
 
Colin Corneau is offline
Join Date: Aug 2009
Location: Brandon MB Canada
Posts: 934
Quote:
Originally Posted by fireblade View Post
...Further, 90% of Leica sales are in the USA and China....too many eggs in the one basket.....
Only the #1 and #2 economies in the world.
__________________
www.reservedatalltimes.com

"Viva Film Renaissance"
  Reply With Quote

Old 03-04-2015   #16
Roger Hicks
Registered User
 
Roger Hicks is offline
Join Date: Apr 2005
Location: Aquitaine
Posts: 22,793
Quote:
Originally Posted by Colin Corneau View Post
Only the #1 and #2 economies in the world.
Dear Colin,

Clearly a flawed business model. Where are their Albanian and Welsh sales? And of course Vincenzo has discussed all this with Dr. Kaufmann...

Cheers,

R.
__________________
Go to www.rogerandfrances.eu for a whole new website
  Reply With Quote

Old 03-04-2015   #17
fireblade
Vincenzo.
 
fireblade's Avatar
 
fireblade is offline
Join Date: Sep 2009
Location: Australia
Posts: 1,177
Quote:
Originally Posted by Colin Corneau View Post
Only the #2 and #1 economies in the world.
fixed



Quote:
Originally Posted by Roger Hicks View Post
Dear Colin,
Clearly a flawed business model. Where are their Albanian and Welsh sales? And of course Vincenzo has discussed all this with Dr. Kaufmann...Cheers,
R.
Albanians are peasants and the Welsh are goat herders, neither need cameras.
...well, as for Kaufmann, should have stuck to Pedagogy....and we know that teachers have wonderful PR skills
__________________
Vincenzo

"No place is boring, if you've had a good night's sleep and have a pocket full of unexposed film."
  Reply With Quote

Old 03-04-2015   #18
jaapv
RFF Sponsoring Member.
 
jaapv's Avatar
 
jaapv is offline
Join Date: May 2005
Location: Hellevoetsluis,Netherlands
Posts: 8,201
If Dr. Kaufmann had stuck to pedagogy, Leica would not have survived 2007...
__________________
Jaap








jaapvphotography
  Reply With Quote

Old 03-04-2015   #19
jaapv
RFF Sponsoring Member.
 
jaapv's Avatar
 
jaapv is offline
Join Date: May 2005
Location: Hellevoetsluis,Netherlands
Posts: 8,201
Quote:
Originally Posted by fireblade View Post
The business model is flawed, they had to sell 3,500 MM to recoup their money on that R&D/build...they sold 3 times that amount, but then open the new Portugal factory at a cost of 65 million Euro, but here is the cherry...Kaufmann funds the build, Leica then pay him rent....and Blackstone allow this?
The one year Leica turn a profit, Blackstone want in..bad decision as we now see.
Further, 90% of Leica sales are in the USA and China....too many eggs in the one basket.
....anyways, there is always another sucker waiting in line with a wad of money to spend....a Japanese camera firm?..maybe, but their negotiations will be hard, shrewd and to suit them...time.
Facts? I suggest that you check before posting...
The new factory in Portugal was operational at the introduction of the Monochrom, well before Blackstone was in the picture, The USA market is approximately the same percentage as the German one (15-20%)The rest of Europe about 10 %, according to the last published figures. Rest of the world and Asia are not relevant, as they have shifted since then.
__________________
Jaap








jaapvphotography
  Reply With Quote

Old 03-04-2015   #20
lynnb
Registered User
 
lynnb's Avatar
 
lynnb is offline
Join Date: Nov 2008
Location: Sydney
Posts: 6,640
Maybe Leica should start wooing Apple. Nothing like a rich boyfriend. Leica were the forefront of innovation, creating compact quality cameras that liberated and revolutionised photography. The iPhone is doing the same now. If Apple could be convinced that it's cool to have a finger in the quality end of the market for their equivalent of small change, that might help Leica avoid the catastrophe that is engulfing the digital camera market.
__________________
Lynn
RFF Gallery
Flickr
  Reply With Quote

Old 03-04-2015   #21
Doug
Moderator
 
Doug's Avatar
 
Doug is offline
Join Date: Sep 2003
Location: Pacific NW, USA
Posts: 12,038
^^ +1 ^^ Apple & Leica have some culture in common, such as easy interfaces, top-of-the-market, and the price is what it is!
__________________
Doug’s Gallery
RFF on Facebook
  Reply With Quote

Old 03-04-2015   #22
uhoh7
Registered User
 
uhoh7 is offline
Join Date: Jan 2011
Posts: 2,799
300 Mil will buy you a decent ski resort or ten fancy condos in manhattan. The Blackstone buy in did not even make wikipedia. They don't have a controlling interest. They don't own many similar businesses, that I could make out.

Bottomline: they were a big help for Leica in tough times. A bird in the hand might be better than panasonic in a bush.

I agree Leica could make lenses for other cameras. They could easily sell 10 times the number of bodies they do now, if the product was smaller and cheaper, and that would not hurt native lens sales, which are soft.

But maybe Stephen is right about them not getting over what the CL did to the M5 LOL.

Apple is another bird in the bush, who knows what they would do? We might not like it.
  Reply With Quote

Old 03-04-2015   #23
f16sunshine
Moderator
 
f16sunshine's Avatar
 
f16sunshine is offline
Join Date: Apr 2009
Location: Seattle
Age: 49
Posts: 5,506
Apple would be cool but the board would not let it happen. Not enough to satisfy shareholders.... Maybe as a little pet?
It would be a cute little fling for apple. Not a serious girlfriend to bring home to mom and dad
__________________
Andy
  Reply With Quote

Old 03-04-2015   #24
semilog
curmudgeonly optimist
 
semilog's Avatar
 
semilog is offline
Join Date: Dec 2009
Posts: 3,689
Quote:
Originally Posted by CameraQuest View Post
ANY camera manufacturer would likely be a better long term Leica fit than Blackstone.
I'd phrase it a bit differently. ANY investor would likely be a better fit for a sustainable, highly-skilled, craft-driven enterprise than Blackstone.
__________________
There are two kinds of photographers:
those who are interested in what a particular camera can't do,
and those who are interested in what it can do.

semilog.smugmug.com | flickr.com/photos/semilog/
  Reply With Quote

Old 03-04-2015   #25
willie_901
Registered User
 
willie_901's Avatar
 
willie_901 is offline
Join Date: Dec 2005
Posts: 4,399
It's been about 8 1/2 years since the M8 was introduced. It took that long for the marketing strategy of implying Leica M film camera excellence automatically translates completely to Leica M digital camera excellence to become ineffective.

Of course optics excellence is a completely different matter.

At any rate, leveraging the M film camera engineering and mechanical superiority to sell digital cameras served Leica well. Good for them. It would be wasteful to have done otherwise.

Unfortunately there didn't seem to be resources or the will to modernize the M digital camera data stream. The recent defective M9 sensor replacement debacle and other reliability issues accelerated the ineffectiveness of leveraging mechanical M body excellence as a marketing tool.

At the same time, stagnation in global digital camera sales (just look at Nikon's 3 yr stock chart) combined with the slow, yet inevitable realization by consumers that Leica makes a mediocre digital body (with a well-engineered optical rangefinder) is a devastating combination. The M240 is too little too late (mostly too late as the M240 data stream is currently competitive). Where is the monochrome CMOS sensor camera? Where is the ME CMOS sensor camera? Instead we are offered the pretentious Kravitz model.

The fact is Leica's business model requires digital M cameras to be purely value-added products while their competition's products are essentially commodities. For instance, all current DSLRs and mirror-less bodies offered by Leica's competitors provide essentially identical priceerformance ratios. When you pay extra for a Leica M, you buy features that are unavailable on other brands - namely a mechanical optical rangefinder focusing system and a lens mount/sensor system compatible with M/LTM optics. While the former remains unique, the latter has become feasible with other brands. You also pay extra for design and engineering excellence which was most recently undermined by M9 sensor defect embarrassment. It seems we are now at the point where the competitive advantage of Leica's value-added features has diminished.

A crisis often creates authentic opportunities. A financial partnership with Panasonic or another large imaging corporation with deep pockets and and extensive excellence in digital electronics engineering could ensure the Leica brand continues for decades. New competitive Leica products could eventually subsidize the availability of the traditional, beloved M body form. At least that is the outcome I prefer.

Beginning with the M8's arrival, I could afford a new digital M body. I look forward a time when I can judge the M digital body to be a competitive, value-added purchase. The money is in the bank waiting to be spent.
__________________
"Perspective is governed by where you stand – object size and the angle of view included in the picture is determined by focal length." H.S. Newcombe

williamchuttonjr.com
  Reply With Quote

Old 03-04-2015   #26
Colin Corneau
Colin Corneau
 
Colin Corneau is offline
Join Date: Aug 2009
Location: Brandon MB Canada
Posts: 934
Quote:
Originally Posted by lynnb View Post
Maybe Leica should start wooing Apple. Nothing like a rich boyfriend. Leica were the forefront of innovation, creating compact quality cameras that liberated and revolutionised photography. The iPhone is doing the same now. If Apple could be convinced that it's cool to have a finger in the quality end of the market for their equivalent of small change, that might help Leica avoid the catastrophe that is engulfing the digital camera market.
http://petapixel.com/2013/11/24/one-...arity-auction/

Couldn't resist
__________________
www.reservedatalltimes.com

"Viva Film Renaissance"
  Reply With Quote

Old 03-04-2015   #27
fireblade
Vincenzo.
 
fireblade's Avatar
 
fireblade is offline
Join Date: Sep 2009
Location: Australia
Posts: 1,177
Quote:
Originally Posted by jaapv View Post
Facts? I suggest that you check before posting...
The new factory in Portugal was operational at the introduction of the Monochrom, well before Blackstone was in the picture.....
2013.... http://***********.com/content/leica...rtugal-factory
__________________
Vincenzo

"No place is boring, if you've had a good night's sleep and have a pocket full of unexposed film."
  Reply With Quote

Old 03-04-2015   #28
FrozenInTime
Registered User
 
FrozenInTime's Avatar
 
FrozenInTime is offline
Join Date: Mar 2009
Location: Here and there
Posts: 1,623
This all seems like a lot of doom and gloom - is it really that bad ?
  Reply With Quote

Old 03-04-2015   #29
f16sunshine
Moderator
 
f16sunshine's Avatar
 
f16sunshine is offline
Join Date: Apr 2009
Location: Seattle
Age: 49
Posts: 5,506
Quote:
Originally Posted by Ned Bojic View Post
Russia should buy Leica.
Or maybe they would just simply invade
__________________
Andy
  Reply With Quote

Old 03-04-2015   #30
Emile de Leon
Registered User
 
Emile de Leon is offline
Join Date: Jan 2007
Posts: 472
Russia...should make a Leica ...240 M copy...
  Reply With Quote

Old 03-04-2015   #31
jaapv
RFF Sponsoring Member.
 
jaapv's Avatar
 
jaapv is offline
Join Date: May 2005
Location: Hellevoetsluis,Netherlands
Posts: 8,201
Quote:
Originally Posted by fireblade View Post
Not that reliable a source. When I was at the introduction of the Monochrom in Berlin the Portuguese factory was already finalized and the money invested.
__________________
Jaap








jaapvphotography
  Reply With Quote

Old 03-05-2015   #32
Scheelings
Registered User
 
Scheelings is offline
Join Date: May 2011
Location: Istanbul
Posts: 291
Quote:
Originally Posted by willie_901 View Post

Beginning with the M8's arrival, I could afford a new digital M body. I look forward a time when I can judge the M digital body to be a competitive, value-added purchase. The money is in the bank waiting to be spent.
When someone buys a Ferrari, they're not thinking it's a competitive, value-added purchase. Leica is a luxury item catering to a smaller group of well heeled photographers.

If it were anything but a luxury item, it would be out of business.
  Reply With Quote

Old 03-05-2015   #33
fireblade
Vincenzo.
 
fireblade's Avatar
 
fireblade is offline
Join Date: Sep 2009
Location: Australia
Posts: 1,177
Quote:
Originally Posted by Ned Bojic View Post
Russia should buy Leica.
Let me speak to Putin.
__________________
Vincenzo

"No place is boring, if you've had a good night's sleep and have a pocket full of unexposed film."
  Reply With Quote

Old 03-05-2015   #34
Monochrom
Registered User
 
Monochrom's Avatar
 
Monochrom is offline
Join Date: May 2012
Posts: 1,024
i dind´t know the T line was a failure..might be interesting to know what are the reasosn for that.

But i think as said before, Leica should go for a partnership with Apple. there Leica can reach a sensible market with enough money to throw in.
__________________
M9 Vc 28/3.5 Ltm 5/3.5
Leica IIIF Black Paint
Fuji Gf670
  Reply With Quote

Old 03-05-2015   #35
Keith
On leave from Gallifrey
 
Keith's Avatar
 
Keith is offline
Join Date: May 2006
Location: Australia
Posts: 18,188
Quote:
Originally Posted by Monochrom View Post
i dind´t know the T line was a failure..might be interesting to know what are the reasosn for that.

But i think as said before, Leica should go for a partnership with Apple. there Leica can reach a sensible market with enough money to throw in.


And before we know it people will be sleeping outside Leica boutiques all around the world at the release of each new digital M.

Which of course with Apple's help will be exactly like the previous M but with some clever new marketing to convince you that it isn't!

__________________
---------------------------
flickr
  Reply With Quote

Old 03-05-2015   #36
sevo
Fokutorendaburando
 
sevo is offline
Join Date: Oct 2008
Location: Frankfurt, Germany
Posts: 6,172
Quote:
Originally Posted by Monochrom View Post
i dind´t know the T line was a failure..might be interesting to know what are the reasosn for that.
Too complex to appeal to point and shoot buyers, and too small a system to appeal to the technical minded? The design is clearly pitched towards the Audi driving Apple using Braun collector, the merely disgustingly rich will pick the Hasselblad Sony for maximum bling. But the former buyer wants SYSTEM, and won't settle for four lenses when Fuji and Sony have upwards of a dozen...
  Reply With Quote

Old 03-05-2015   #37
willie_901
Registered User
 
willie_901's Avatar
 
willie_901 is offline
Join Date: Dec 2005
Posts: 4,399
Quote:
Originally Posted by Scheelings View Post
When someone buys a Ferrari, they're not thinking it's a competitive, value-added purchase. Leica is a luxury item catering to a smaller group of well heeled photographers.

If it were anything but a luxury item, it would be out of business.
Some people buy expensive cars because they enjoy the driving experience. Some people buy them for status symbols. Some people buy them because they plan to keep them for at least a decade.

Value-added business plans certainly include luxury items. But all value-added products are not luxury items. Leica lenses are not luxury items. They are valued added products because one is paying for superior engineering, materials and performance.

Just because a product sells for the highest price in the market does not necessarily mean it is a luxury item. Clothing is a prime example. One can pay high prices primarily to own a status symbol. Or one can pay high prices for quality. I have a 20 year old Burberry dry-waxed, canvas field jacket that was double the cost of most other rain coats. But it is still in excellent shape in spite of heavy use. That coat will out last me.
__________________
"Perspective is governed by where you stand – object size and the angle of view included in the picture is determined by focal length." H.S. Newcombe

williamchuttonjr.com
  Reply With Quote

Old 03-05-2015   #38
Pioneer
Registered User
 
Pioneer's Avatar
 
Pioneer is offline
Join Date: Dec 2011
Age: 62
Posts: 2,639
Let's see...

...the first thing that Panasonic will want to do is shift production to China.

...the first thing that Apple will do is move production to India.

Design and manufacture for the lowest common denominator and continue to produce new models on a regular, 2-year, timetable. Obsolete in 4 years.

Yeah, I guess you are right. That does sound like Leica all right.
__________________
"Your 1st 10,000 Photographs Are Your Worst"
HCBresson

"My 2nd 10,000 Are Not A Lot Better"
Dan
  Reply With Quote

Old 03-05-2015   #39
Roger Hicks
Registered User
 
Roger Hicks is offline
Join Date: Apr 2005
Location: Aquitaine
Posts: 22,793
Quote:
Originally Posted by willie_901 View Post
Some people buy expensive cars because they enjoy the driving experience. Some people buy them for status symbols. Some people buy them because they plan to keep them for at least a decade.

Value-added business plans certainly include luxury items. But all value-added products are not luxury items. Leica lenses are not luxury items. They are valued added products because one is paying for superior engineering, materials and performance.

Just because a product sells for the highest price in the market does not necessarily mean it is a luxury item. Clothing is a prime example. One can pay high prices primarily to own a status symbol. Or one can pay high prices for quality. I have a 20 year old Burberry dry-waxed, canvas field jacket that was double the cost of most other rain coats. But it is still in excellent shape in spite of heavy use. That coat will out last me.
Quite. But all too many people can't tell quality from luxury. "If I can't afford it or don't appreciate it, then it's a pointless luxury bought only by the stoopid rich". Never cared much for Barbour but I've got a Billingham Ventile jacket that must be at least as old as your Barbour.

Cheers,

R.
__________________
Go to www.rogerandfrances.eu for a whole new website
  Reply With Quote

Old 03-05-2015   #40
jaapv
RFF Sponsoring Member.
 
jaapv's Avatar
 
jaapv is offline
Join Date: May 2005
Location: Hellevoetsluis,Netherlands
Posts: 8,201
Well, does having a talk with Dr. Kaufmann count? Get your dates staight.
That press release is about the official opening. When do you think the financing was clinched? The planning done ? The building designed? Long before.
In mid-2012 Dr. Kaufmann was in the room dedicated to the new Portuguese operation showing off the model of the factory and telling about the progress of the building. In fact he was hoping for an opening in the beginning of 2013. Production was scheduled a few months before. apparently there was a slight delay.
For the Blackstone deal this was a fait accompli.
__________________
Jaap








jaapvphotography
  Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

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

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



All times are GMT -8. The time now is 13:36.


vBulletin skin developed by: eXtremepixels
Powered by vBulletin® Version 3.6.8
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.

All content on this site is Copyright Protected and owned by its respective owner. You may link to content on this site but you may not reproduce any of it in whole or part without written consent from its owner.