<\/a><\/p>\nIf Morgan Stanley’s estimate of Rolex global turnover estimate of CHF 5.2 billion (\u00a34.4bn) is correct, that would mean just shy of 10% of Rolex global sales came from the UK.<\/p>\n
This compares to the UK amounting to 6.3% of the global watch market for Swiss watches, based on export figures.<\/p>\n
WATCHPRO ANALYSIS<\/h2>\n
In an era where allocations for Rolex watches to their authorised dealers is arguably the most important issue facing every one if its retail partners, the UK is punching well above its weight.<\/p>\n
This appears to be a reflection of the huge investment retailers such as Bucherer and The Watches of Switzerland Group have been prepared to make in upgrading their Rolex presentation from small shop in shops to full blown monobrand boutiques.<\/p>\n
WOSG CEO Brian Duffy has said as much. The only way to influence allocation is to invest more, he has told investors and the media on many occasions.<\/p>\n
Rolex Watch Company Ltd made no mention of the impact of Covid-19 in its financial statement, despite the report being filed at Companies House over the summer of this year.<\/p>\n
As always, Rolex played its cards very close to its chest and the only guidance it gave in its 2019 accounts about the situation in 2020 is that it faces competitive threats from other watch brands and could see results affected by currency fluctuations with the Swiss franc.<\/p>\n
It is ridiculous to believe these are the only headwinds facing the business.<\/p>\n
There was no mention about production capacity being lost because its factories had to shut down during the covid quarter, which retailers have told WatchPro<\/em> would have robbed the world of 25-30% of this year’s output.<\/p>\nWe will only get answers to these questions when next year’s accounts are published, so tune in next October to see how the pandemic has impacted Rolex in the UK.<\/p>\n","protected":false},"excerpt":{"rendered":"
2019 accounts released today reveal how revenue for Rolex Watch Company Ltd rising by 13%, from \u00a3367 million to \u00a3415 million.<\/p>\n","protected":false},"author":3,"featured_media":55517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_hide_updated_date":false},"categories":[7024,2,8637],"tags":[63],"newspack_lstngs_evt":[],"newspack_lstngs_gen":[],"newspack_lstngs_mkt":[],"newspack_lstngs_plc":[],"acf":[],"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"WATCHPRO","distributor_original_site_url":"https:\/\/www.watchpro.com","push-errors":false,"_links":{"self":[{"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/posts\/55516"}],"collection":[{"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/comments?post=55516"}],"version-history":[{"count":0,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/posts\/55516\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/media\/55517"}],"wp:attachment":[{"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/media?parent=55516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/categories?post=55516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/tags?post=55516"},{"taxonomy":"newspack_lstngs_evt","embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/newspack_lstngs_evt?post=55516"},{"taxonomy":"newspack_lstngs_gen","embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/newspack_lstngs_gen?post=55516"},{"taxonomy":"newspack_lstngs_mkt","embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/newspack_lstngs_mkt?post=55516"},{"taxonomy":"newspack_lstngs_plc","embeddable":true,"href":"https:\/\/www.watchpro.com\/wp-json\/wp\/v2\/newspack_lstngs_plc?post=55516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}