Tuesday, 06 June 2023 06:15 GMT

Demands for Rolex shocks internal supply

(MENAFN) A thrive in the requesting for Rolex watches with inadequate supplies is making interest in other luxury watch wear, as stated by the senior of retailer Watches of Switzerland Group.

Hugh Brian Duffy, the CEO noted that Patek Philippe as well as Audemars Piguet, retails of Rolex, represented only “modest” rise in the store’s this year’s finance, mainly due to a shortage of the famous and most buyable ones. That made increased retail in other top brands for watches.

Duffy stated, “We more than doubled our increases with them,” quoting Richemont’s Cartier, Swatch Group’s Omega, LVMH’s Tag Heuer, Rolex sister brand Tudor as well as independent Breitling.

The commerce, with 171 shops in the UK as well as U.S., announced the request for specific Cartier and Tudor models is now making another supply challenges.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.