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[1] In August 2023, Bucherer AG was bought by Rolex. [2] It will continue to trade under its own name and operate independently, and management will remain unchanged. The company will be integrated into Rolex's operations once the purchase is approved by competition authorities. [3]
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Rolex has acquired Bucherer, one of the world's largest watch retailers. Rolexhas acquired Bucherer, one of the world's largest watch retailers. Bucherer will retain its name and continue to operate as an independent company. Rolex also announced that Bucherer's management team will remain unchanged.
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The 87-year-old billionaire behind Bucherer is selling his dynasty to Rolex—and the deal will reset the luxury watch business. BY Tara Patel, Andy Hoffman and Bloomberg. August 26, 2023, 2:23 PM.
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Geneva, 24 August 2023 - Following the choice made by Jörg Bucherer, in the absence of direct descendants, to sell his company's business, Rolex has decided to acquire the watch retailer, which was until now an independent entity. This move reflects the Geneva-based brand's desire to perpetuate the success of Bucherer and preserve the.
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Currently, 53 of Bucherer's outlets distribute Rolex watches, while 48 distribute the Tudor brand (a sister company to Rolex). Bucherer is also an official after-sales center for the brands, and.
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Aug 25 , 2023 Rolex has just announced its acquisition of Bucherer. Photo: Rolex Rolex SA is buying the luxury retailer Bucherer AG in a deal that will give the biggest Swiss watch brand.
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The Group's management team will remain unchanged," Rolex states. by Rob Corder August 24, 2023. To preserve the long-standing partnership between the two companies and perpetuate their shared history, Rolex has decided to acquire Bucherer. The watch retailer will keep its name and continue to operate independently.
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Two historic names in the watch industry have now become partners. Iconic Swiss watchmaking brand, Rolex, announced it will acquired Bucherer, one of the world's largest watch retailers. In a.
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Danny Milton August 24, 2023 0 Here's an absolutely shocking story that none of us saw coming on what was otherwise an ordinary Thursday in August (generally the sleepiest month in the watch industry). News has just broken that Rolex is acquiring renowned retailer Bucherer. You read that correctly.