Watches of Switzerland Group PLC��s Post

IT WAS ABOUT TIME that the most powerful luxury brand in the world, at least in its category, would eat a larger slice of the enormous cake it generates. The certified pre-owned program launched earlier this year was a first step, and now, with the acquisition of Bucherer (pending approval from Swiss authorities), Rolex becomes one of the world’s largest watch retailers, boasting 100 stores across Switzerland, the United States, England, Germany, France, Denmark, and Austria. In a statement, Rolex announced that Bucherer will retain its name and continue to operate as an independent company. Bucherer’s management team will remain unchanged. There is every reason to believe that this move will be the first of many, signaling significant changes in the #watchindustry #rolex #acquisition #luxuryindustry  

🚀 Breaking the Mould: Hermes Thrives in Uncertain Times! 💼🌟 Sales at Hermes soared in Q3, defying economic headwinds and leaving rivals in the dust. 📈✨ Their secret? A combination of luxury, resilience, and smart strategies. 🧐💼 👜 Despite an uncertain context, Hermes' sales rose, with the coveted Birkin handbags leading the way. 💰💼 The lesson here is clear: When you offer covetable luxury, customers will always find a way to indulge. 🌎 Geographical diversification has been a key driver of success. Sales in the Americas surged 20%, while Europe followed closely with an 18.1% growth rate. 🌍✈️ This proves that a global approach can mitigate regional economic fluctuations. 💰 Pricing strategy matters! Hermes adjusted prices to accommodate rising production costs, ensuring profitability while staying competitive. 💲💎 🏙️ The Madison Avenue store in New York, opened last year, has made a significant impact, highlighting the importance of strategic store expansion. 🗽🛍️ 🌐 Consistency across product categories and regions indicates a balanced product portfolio and broad customer appeal. Hermes understands that a diverse offering is the key to thriving in uncertain markets. 🌟🌈 🌍 While tourism remains strong in Europe and mainland China, Hermes remains watchful of geopolitical uncertainties. Keeping an eye on the global stage is crucial in this ever-changing world. 🌐🔍 The takeaway? Luxury and resilience are an unbeatable combination! Hermes' impressive performance in Q3 reminds us that in the world of high-end brands, quality, strategy, and adaptability are the name of the game. 🚀👜💼 #luxpreneur #luxuryinsights #linkedinnews #luxurynews #hermes #linkedinnewsuk https://lnkd.in/dWF7bgRt

When a giant is on a #shopping tour, it directly moves an entire industry and in this case it was a special tour, which now only has to be waved through: ROLEX acquires Bucherer AG - the reason: There is no successor from the family! Will the whole watch #industry change now?! Not so much, because both companies have already been working together for more than 90 years, but there has to be a rethink, because today's boutiques have to offer an even better #service so that clients buy from them, and at the same time the experience MUST be the focus and the client must be entertained! In this case, Watches of Switzerland Group PLC is already a step ahead and has been working with its own internal programme for a few years, which puts clients first again, but at the same time makes the product even more #unique... ...we will see what the next weeks will bring: #Changes and rethinking or stubborn standstill? https://bitly.ws/T6Zs

Breaking News: ROLEX acquires iconic retailer Bucherer AG! In a surprising turn of events this August, the world's premier watch brand, Rolex, has made a historic acquisition by taking over the renowned retailer Bucherer. Now, before we dive into the details, let me address something unusual. You see, I usually bring you the latest in FoodTech news, but today, as a proud Swiss citizen, I'm allowing a touch of topic disloyalty. This retail news is just too hot to miss! Imagine a typical August Thursday, a period often known for tranquility in the watch industry. But then, out of the blue, the bombshell hits – Rolex is now at the helm of Bucherer. That's right, after an impressive authorized retailer partnership that spans nearly a century, Rolex is stepping in as the owner of Bucherer. While we eagerly await further details, we do have some insights from Rolex's initial announcement. With more than 100 locations worldwide, Bucherer showcases 53 of them with Rolex watches and 48 with Tudor Watch timepieces. As the official after-sales service center for both brands, Bucherer's connection with Rolex runs deep. It's worth noting that Bucherer also has a stake in Tourneau, a purchase made back in 2018. #RolexAcquisition #BuchererDeal #WatchIndustryBuzz #manda #switzerland #retail #watches #mergersandacquisitions #strategicmove #RolexAcquisition #BuchererDeal #WatchIndustryBuzz #RetailRevolution #SwissPride #LuxuryTimepieces #TimekeepingTitans #HistoricPartnership #TimepieceTreasures #WatchCollectorsDream #IconicCollaboration #HorologyNews #RolexTime #BuchererLegacy #WatchEnthusiasts #SwissCraftsmanship #GlobalRetailShift

🌟 Exciting Industry Move! Rolex's Acquisition of Bucherer - Key Takeaways 🌟 🕰️ The recent acquisition of Bucherer by Rolex has sent ripples through the luxury watch market. Let's dive into the lessons we can draw from this strategic move: 📌 Strategic Synergy: Rolex's calculated move to acquire Bucherer showcases a strategic approach to enhance market presence. Combining these two industry giants is a smart way to fortify their positions and explore new horizons. 🔄 💫 Legacy & Succession: Jorg Bucherer's decision to sell due to succession challenges underlines the importance of effective succession planning. Future leadership continuity is vital for seamless transitions in family-owned businesses. 👨👩👧👦 💜 Enduring Partnerships: The century-long partnership between Rolex and Bucherer highlights the value of nurturing long-term collaborations. Building strong relationships can yield mutually beneficial outcomes and enduring success. 💼 ��� Adapting to Change: Rolex's commitment to preserving Bucherer's identity while adapting to change strikes a balance between tradition and innovation. A delicate strategy that ensures the best of both worlds. ⚖️ 🌐Collaborative Ecosystem: Rolex's promise to continue collaboration with other retailers speaks volumes about fostering a collaborative industry ecosystem. A win-win approach benefiting brands and customers alike. 🌐 🌟 Customer-Centric Approach: With positive outcomes for partners and employees, Rolex's acquisition emphasises a customer-centric mindset. Prioritizing customer interests fosters loyalty and goodwill. 💎 💜 Strategic Expansion: Coupled with the Certified Pre-Owned program expansion, Rolex's move reflects strategic growth. Adapting to evolving customer demands and expanding offerings is key to market leadership. 🚀 📌 Market Disruption: This acquisition during a quieter season reminds us of the potential for market disruption at any time. Staying agile and proactive is crucial to seizing unexpected opportunities. 🎯 📢 Industry Leadership: The acquisition solidifies Rolex's industry leadership. Such bold moves resonate with consumers and stakeholders, establishing brands as trendsetters and innovators. 🏆 https://lnkd.in/eMH3gsac #luxuryinsights #linkedinnews #linkedinnewsuk

Fantastic results from Luxury leader Hermes once again for the first quarter. China- not impacted the same way as other Luxury brands. Overall - across the world the wealthiest clients for Hermes have been continuing to purchase , at higher prices , making up for less store visits from clients in general. Note -unlike some competitors , they kept pricing where it was during the pandemic and have since increased substantially . Has this helped drive the sales results? Thoughts? #retailstrategy #luxury #customerexperience #luxuryleaders

A week ago, ROLEX bought the 135-year-old retailer Bucherer AG. This is a big move and was discussed for quite some time at my previous role. In short, the takeover is about consolidating Rolex's control over how it is perceived. In luxury, you always have a product and a service. When you are selling a purely physical luxury product, be it a Birkin or a Daytona, you must add a service. This is the role of the luxury boutique, which acts like a members' club in which a product/service is desired by many, but accessible only to a few. Whilst Rolex had previously relied on a network of very high-quality exclusive distributors globally (Watches of Switzerland, Tourneau etc.), it only owned one store – a boutique on the Rue de la Fontaine in Geneva. It is remarkable that a business known for its obsessive detail to watchmaking, partnerships, communication and image ceded control at the critical point where brand meets consumer. Admittedly, the might of Rolex meant Official Retailers were set stringent guidelines in areas like in-store design, employee training, website placement and watch allocation. However, complaints around purchasing a Rolex still abound (just scan Reddit forums and comments on Rolex's Instagram posts) and this is negatively affecting Rolex's image. The move from Rolex is really about managing customer expectations and controlling the entire narrative – from the brand story to distribution to each customer touchpoint. Hermès has been gradually increasing the percentage of boutiques it controls directly. Nike exited selling directly on Amazon to control its image. Tesla skips franchises altogether. Strong brands invest in the long-term and are obsessed with how they are perceived. Rolex's move communicates they care about the customer journey.

About luxury brand ROLEX here's an absolutely shocking story that none of us saw coming on this August (generally the sleepiest month in the watch industry). News has just broken that Rolex is acquiring renowned retailer Bucherer. You read that correctly. After a nearly 100-year-long authorized retailer relationship between the two brands, Rolex will now become owner of Bucherer. Obviously, there are tons of questions raised by a story like this, and we will continue to update as we learn more, but there are a few things that we do know via the announcement that came from Rolex. As many know in #lifestyle, Rolex also owns the Tudor brand, which similarly operates as an independent entity with its own CEO and manufacture in Le Locle. Time will tell how the structure between Rolex and Bucherer will manifest itself in this new ownership structure with the international retailer. According to the press release, Bucherer operates more than 100 locations globally. Fifty-three of those locations retail Rolex and 48 retail Tudor. Bucherer also serves as an official after-sales service center for both brands. Traditionally, from Alberta La Grup | lifestyle experiences we always help our Clientele with their purchase orders for Rolex and we will continue to do so... cause news travels fast and we always #ready4U See below more info via Forbes

Hermès 🚀🚀🚀 Over the top as usual but they smashed the most bullish expectations No competitor is even close to them I am unable to find another company with that kind of growth, net margin, no debt, more than 11 bn eur of cash on the balance sheet and giving a 4 000 eur bonus to every single employees they got in the world 😳 (22 000 people) 👏👏👏 !!! In 1994 at the time of going public Hermès was a 400 m eur sales company… Roughly 35 times smaller than now The big question is « how to grow avoiding to get fat ? » By the way at Hermès « work from home »does NOT exist … anywhere for anyone… I can not prevent myself to see a direct correlation with productivity and performance On the last 5 years the stock has been multiplied by 4 😊 Food for thoughts ! Bloomberg #hermes #luxury #unicorn #bestcompaniesintheworld #craftmanshift #france #bloomberg #lvmh #ferrari #kering #gucci #prada #rolex #patek