FLORENCE — Waiting a week or two for a pair of Prada’s latest sky-high pumps certainly doesn’t put off a die-hard fashionista, but a five-year waiting list for a watch was unexpected for the executives at Officine Panerai, the Florentine watch company known for its oversized watches and high-precision movements.

This story first appeared in the July 1, 2002 issue of WWD. Subscribe Today.

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