Below is an absolutely outrageous story which non-e among us saw approaching what was normally an ordinary Sunday in August (generally the sleepiest month from the watch industry). News has just broken that will Rolex is usually acquiring well known retailer Bucherer. You learn that accurately. After a close to 100-year-long experienced retailer connection between the a pair of brands, Iwc will now grow to be owner for Bucherer.
Naturally, there are tons about questions increased by a account like this, and we'll continue to revise as we get more information, but there are many things that we know via typically the announcement installed from Panerai this morning. Several know, Cartier also has the Tudor brand, which often similarly runs as an 3rd party entity featuring its own CHIEF EXECUTIVE OFFICER and make in Ce Locle. Time period will notify how the system between Rolex submariner and Bucherer will present itself in this brand-new ownership surface with the intercontinental retailer.
In accordance with the press release, Bucherer operates over 100 web sites globally. Fifty-three of those points retail Rolex datejust and 24 retail Tudor. Bucherer at the same time serves as the official after-sales assistance center intended for both models. It is worthy of noting in which Bucherer moreover owns Tourneau, which the idea purchased back 2018.