Intern Pierre

Spent time with a former Rolex & Tudor sales consultant in London. The waitlist, the grey market, and why $MC watch brands can’t catch up. 🧵

@thealepalombo lol ‘elp 😂🇫🇷🚬

I'm Italian. After my thread on Italy's hidden cities blew up, a close French friend called me. "You did Italy. Now do France. But don't embarrass yourself, let me 'elp." We spent a weekend going back and forth. He'd suggest a city, I'd research it. I'd push back, he'd prove me wrong. By Sunday night, we had a list. 7 hidden cities in France that most people, including most French, will never think to visit, let alone move to. No crowds. No tourist markup. Insane quality of life. 🧵

Xi’s austerity decree banned alcohol at official events. French wine exports to China fell 36%. The market is a third of what it was 5 years ago. China’s wine demand was never consumer-driven, it was banquet-driven. One regulation wiped it out.​​​​​​​​​​​​​​​​ $MC

@waytobrook @CompaCompu @jukan05 That's an interesting datapoint. Thanks for sharing!

@internpierre @CompaCompu @jukan05 On the side I help run a small business and right now most of the customers are coming from Australia and Eastern Europe. Usually it’s almost 90% Americans, now it’s 20%. This all happened in the last 4 months. The youth in the US have no money.

Bruh

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@Mufasa_Capital Excellent point, with general population being the operative term!

@internpierre Moat is also in recognition among general population, and easy to trade in the second-hand market. Network Effect basically.

Spent time with a former Rolex & Tudor sales consultant in London. The waitlist, the grey market, and why $MC watch brands can’t catch up. 🧵

@enjoyer_liberty In a meeting where you’re expected to contribute

Worst places to have a hangover: • airport/on a flight • playing golf • at work • at a wedding • kid’s birthday party • stuck in traffic • church What else??

My full piece on that can be found here: open.substack.com/pub/internpier…

I surveyed a high n population of US households making over $100,00 and the results were almost depressing. This news about people in the US dipping into their retirement savings to pay for an emergency expense further illustrates that

@CompaCompu @jukan05 Yeah among other things I ran a survey of US households making over $100,000 and the results were bleak.

@jukan05 @internpierre has been saying that the US consumer is more tapped out than most people think for awhile now

Full interview can also be viewed here: open.substack.com/pub/internpier…

The moat isn’t the movement. It’s the culture. Footballers. Rappers. Movie stars. 50 years of making sure what people see is a Rolex. Full interview 🔗 in bio.

@0gsyl Looks like they offer 24 packs for $37.99 at Costco which is quite a bit more than their private label. At that price people are at least going to try the alternative and some will certainly switch

@internpierre $CELH and Alani are always $17.99 at Costco consistently. People won’t switch

Celsius has been a brutal short for me but this is interesting, Costco just launched their own brand of energy drinks. Social media sentiment looks solid and a 24-pack runs $16.99 (~$0.70/can vs ~$2-$3 for a $CELH). Private label pressure is real

Apollo has capped redemptions from one of its largest private credit funds $APO

Outstanding, completely renovated and decorated, Penthouse located in the Golden Square on the last 2 floors of the Mirabel Résidence. This 2 bedrooms turnkey penthouse has been meticulously crafted to create an unparalleled feeling of luxury, comfort… rt.news.mc/TRfhv1

@Glove1Jonathan Great question, I have no idea we don’t have them in Europe. Social media sentiment seems positive though

@internpierre But how do they actually taste? These will only sell if they taste better then celsius