Category: Rolex
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Britain’s biggest Rolex seller urged to move primary listing to US
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Watches of Switzerland, Britain’s biggest Rolex seller, is under pressure from activist investor Gatemore to abandon its main stock market listing in London and explore options in the United States. Gatemore, which recently acquired 1.9 million shares in the London-listed company, claims Watches of Switzerland’s share price has “significantly decoupled”…
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Britain’s biggest Rolex seller urged to move primary listing to US
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Watches of Switzerland, Britain’s biggest Rolex seller, is under pressure from activist investor Gatemore to abandon its main stock market listing in London and explore options in the United States. Gatemore, which recently acquired 1.9 million shares in the London-listed company, claims Watches of Switzerland’s share price has “significantly decoupled”…
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After a surge in pandemic profits, Rolex, Patek Philippe and Audemars Piguet face a significant downturn as sales slip—extending a two-year decline
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Prices of the most sought-after luxury watches on the secondary market fell again last month, extending a two-year decline as investors turned elsewhere after a pandemic-era rally failed. The Bloomberg Sabdial Watch Index, which tracks the 50 most-traded hours by value, fell less than 1% in June. It has fallen…