Luxury watchmaker Rolex plans to boost its presence in the retail space by acquiring watch merchant Bucherer. This acquisition will ensure the continuation of Bucherer’s success and strengthen the close ties between the two companies that have been nurtured since 1924, Rolex said in a Thursday (Aug. 24)...
The Swiss watch industry is reportedly dealing with competition from smartwatches by raising prices. The industry earned more than ever before in 2022 by raising prices on its best watches, Bloomberg reported Thursday (May 4), citing a report by Morgan Stanley. Morgan Stanley did not...
How do you convince a generation unused to wearing wristwatches to change their habits? If you’re a luxury brand like Rolex and Cartier, you apparently try to court them using Snapchat and bitcoin. That’s according to a Fashion Network report, which noted research indicating luxury...
Rolex is reportedly finalizing another round of price increases amid continued strong demand from luxury shoppers. This, according to a Bloomberg report Tuesday (Jan. 3) that noted the latest increase comes just four months after a 5% hike on some watch models in September. While...
April 08, 2024
Luxury firms Chanel and LVMH are reportedly competing to become the new owner of a building on Manhattan’s Fifth Avenue. Both companies have been in talks to buy the location on the luxury shopping corridor, Bloomberg reported Monday (April 8). Global luxury retailers have been competing to buy buildings on Fifth Avenue for months, according to the report. Kering bought one for […]
August 24, 2023
Luxury watchmaker Rolex plans to boost its presence in the retail space by acquiring watch merchant Bucherer. This acquisition will ensure the continuation of Bucherer’s success and strengthen the close ties between the...
May 08, 2023
The Swiss watch industry is reportedly dealing with competition from smartwatches by raising prices. The industry earned more than ever before in 2022 by raising prices on its best watches,...
April 06, 2023
How do you convince a generation unused to wearing wristwatches to change their habits? If you’re a luxury brand like Rolex and Cartier, you apparently try to court them using...
