CONFIRMED82% CONFIDENCEPYMNTS[1] dates the announcement to August 24, 2023, and quotes Rolex's own statement that the acquisition 'is the best solution not only for its own brands but also for all the watch and jewelry partner brands.'
- Start
- Aug 24, 202390% CONFIDENCEfrom the source
Rolex Announces It Will Acquire Watch Retailer Bucherer
Rolex said it will buy Bucherer, the world's largest watch retailer with more than 100 stores in seven countries, after owner Jörg Bucherer decided to sell with no heirs to take over the business.
- Rolex announced on 24 August 2023 that it would acquire Bucherer, the world's largest watch retailer, with more than 100 stores across seven countries[1]
- Owner Jörg G. Bucherer decided to sell after concluding he had no direct descendants to take over the family business, which had partnered with Rolex since 1924[1]
- Bucherer keeps its name and its management team, and continues to operate independently pending approval from competition authorities[1]
- Of Bucherer's outlets, 53 sell Rolex and 48 sell its sister brand Tudor[2]
References 282% CONFIDENCE
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- [1]90%pymnts.com/news/retail/2023/rolex-to-acquire-watch-retailer-buchererpymnts.com· Posted Sep 25, 2026· Starts Aug 24, 2023 ✓· 50% of score
PYMNTS dates the announcement to August 24, 2023, and quotes Rolex's own statement that the acquisition 'is the best solution not only for its own brands but also for all the watch and jewelry partner brands.'
- [2]75%
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