Rolex is taking over watch retailer Bucherer, giving the luxury giant more control over how its watches are sold, the WSJ reported. After the news, shares of Watches of Switzerland tanked 21%. Rolex ...

Bloomberg reported one of Watches of Switzerland's major investors dumped 5 million shares after Rolex's deal to take over Bucherer. Rolex is set to take over the luxury watch seller to gain more ...

"This move reflects the Geneva-based brand's desire to perpetuate the success of Bucherer and preserve the close partnership ties that have linked both companies since 1924," Rolex said. In a ...

Jean-Frédéric Dufour, the CEO of Rolex, warned against the trend of treating luxury watches as investments, a practice that has seen a significant uptick during the pandemic. What Happened: He stated, ...

Expensive secondhand watches from brands such as Rolex and Patek Philippe have become so coveted that the market for them has beat the overall stock market, according to a report published in March by ...