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France, Switzerland
French competition authority exposes Rolex's 'mystery shoppers'

As part of a lengthy investigation into how Rolex monitors its French retailers and forbids them from selling online, France's competition watchdog has revealed details about the watchmaker's use of fake clients to ensure its price recommendations are respected. [...]

Published on 21/12/2023 at 06:00 GMT Reading time 2 minutes

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Houses

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Autorite de la Concurrence
DMS
Eric Collombin
Pellegrin & Fils
Rolex

Spotlight | Switzerland
Rolex's reluctance to certify its watches worries auction houses and buyers

With Rolex and other leading Swiss watchmakers unwilling to confirm the authenticity of their vintage models, major auction houses like Christie's and Sotheby's are increasingly concerned. They fear ending up in the firing line if they fail to spot a fake.

Subscribers only Houses 05.12.2024

Rolex is very cautious when it comes to certifying the authenticity of its vintage models.

France
Élysée Palace partnership prompts Enowe to spread its luxury wings

The investment fund last year won the approval of the office of France's president for one of its holdings, the top-flight watchmaker Pequignet. Buoyed by the kudos, the family office now plans to expand its portfolio of luxury brands.

Subscribers only Houses 12.09.2024

Spotlight | France
France bids to clean up watch trade in anti-laundering battle

As criminal networks increasingly turn to luxury watches to launder and transfer illicit money, the French finance ministry, after having tried to work together with retailers, is now taking a hard line and has handed out its first fines.

Subscribers only Entourage 18.07.2024

To launder their profits and transport them from one country to another, criminal networks are increasingly turning to luxury watches.

Switzerland
Secretive foundation that owns Rolex completes board reshuffle

The Hans Wilsdorf Foundation, Rolex's sole shareholder, has overhauled its board of directors in recent months. The shake-up, begun last year, aimed to create a younger board with greater diversity.

Subscribers only Houses 29.02.2024

France
How much do Rolex, Chanel, Taittinger and the Bettencourts give to the Paris Opera?

The Paris Opera had significant reserves from corporate sponsors at the end of last year. Three luxury sector heavyweights accounted for half of that €12.4m war chest - precious funds for an institution in the red.

Free access Houses 30.11.2023

France
Pinel & Pinel off the hook with Rolex but not with its own shareholder

Sued by Rolex since 2019 for selling a display case inspired by its watch designs without permission, the trunk-maker Pinel & Pinel has now had its name cleared in court. But the company's finances are still a concern for investment fund Corely, its majority shareholder since 2016.

Subscribers only Houses 02.11.2023

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Autorite de la Concurrence
DMS
Eric Collombin
Pellegrin & Fils
Rolex

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France, Switzerland
French competition authority exposes Rolex's 'mystery shoppers'

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Set up email notifications for these topics

Spotlight | Switzerland
Rolex's reluctance to certify its watches worries auction houses and buyers

France
Élysée Palace partnership prompts Enowe to spread its luxury wings

Spotlight | France
France bids to clean up watch trade in anti-laundering battle

Switzerland
Secretive foundation that owns Rolex completes board reshuffle

France
How much do Rolex, Chanel, Taittinger and the Bettencourts give to the Paris Opera?

France
Pinel & Pinel off the hook with Rolex but not with its own shareholder

Switzerland
Generational shift at Rolex R&D department

Switzerland
Geneva establishment figure calls time on tenure at Rolex

United Kingdom
Good times: Rolex's investment arm strengthens its London holdings

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About Glitz.paris

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Indigo Publications' websites

The geopolitics of fake goods

Jewellery sector's quest for clarity

The battle of the Bulgari heiresses

France, Switzerland French competition authority exposes Rolex's 'mystery shoppers'

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

Set up email notifications for these topics

Spotlight | Switzerland Rolex's reluctance to certify its watches worries auction houses and buyers

France Élysée Palace partnership prompts Enowe to spread its luxury wings

Spotlight | France France bids to clean up watch trade in anti-laundering battle

Switzerland Secretive foundation that owns Rolex completes board reshuffle

France How much do Rolex, Chanel, Taittinger and the Bettencourts give to the Paris Opera?

France Pinel & Pinel off the hook with Rolex but not with its own shareholder

Switzerland Generational shift at Rolex R&D department

Switzerland Geneva establishment figure calls time on tenure at Rolex

United Kingdom Good times: Rolex's investment arm strengthens its London holdings

Set up email notifications for these topics

About Glitz.paris

Subscription

Glitz.paris on social media

Indigo Publications' websites

France, Switzerland
French competition authority exposes Rolex's 'mystery shoppers'

Spotlight | Switzerland
Rolex's reluctance to certify its watches worries auction houses and buyers

France
Élysée Palace partnership prompts Enowe to spread its luxury wings

Spotlight | France
France bids to clean up watch trade in anti-laundering battle

Switzerland
Secretive foundation that owns Rolex completes board reshuffle

France
How much do Rolex, Chanel, Taittinger and the Bettencourts give to the Paris Opera?

France
Pinel & Pinel off the hook with Rolex but not with its own shareholder

Switzerland
Generational shift at Rolex R&D department

Switzerland
Geneva establishment figure calls time on tenure at Rolex

United Kingdom
Good times: Rolex's investment arm strengthens its London holdings