The leading Rolex watch retailer in the UK, Watches of Switzerland Group, experienced a significant 28% fall in its stock value following a reduction in its sales and growth outlook,
The Rolex agreement reduces Watches of Switzerland’s value by £500m.
The value of Britain’s leading Rolex watch seller took a significant hit after the Swiss luxury brand acquired a competing retailer.
Rolex demand skyrockets as the ultra-wealthy remain unaffected by inflation turmoil.
The ultrawealthy’s demand for Rolex watches in Britain remains undeterred by the ongoing inflation crisis, leading to a surge in the waiting lists for these luxury items despite escalating prices.