The crown is said to be preparing a new production site in Switzerland.
, but the article says the Fribourg cantonal economics department told RTS that the signing of the deal is planned for next month. The deal includes the sale of two plots of land of about 1 million square feet located in Bulle, about 14 miles north of Montreux on Lake Geneva.
Rolex, which is headquartered in Geneva, does not report production figures but it is estimated that it currently produces about 1 million watches per year, with a turnover of almost $8 billion in 2021, according to Morgan Stanley. It is the largest watch manufacturer by far, not just in the luxury segment but overall, and the Rolex name is one of the most recognizable brands in the world.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The 15 Best Gifts for Watch Collectors, From Hublot and Patek to Books on RolexIf you’re shopping for someone who loves timepieces, we’ve got you covered.
Read more »
The Second Audi Charging Hub Opened In Zürich, SwitzerlandAudi charging hub Zürich offers four covered high-power charging (HPC) points, each with an output of 320 kW, and has a total storage capacity of 1.05 MWh.
Read more »
One man medevacked from oil tanker, reportedly experienced stroke symptomsThe Coast Guard Sector Corpus Christi medevacked an oil tanker crew member who was said to have experienced a stroke and had to be taken to a hospital.
Read more »
Alabama inmate who reportedly walked off job site found deadMorgan County authorities say an inmate who walked off a job site on Friday has been found dead.
Read more »
‘Chrisley Knows Best’ reportedly canceled after Todd, Julie Chrisley sentencingTodd and Julie were sentenced to 12 years and seven years in prison, respectively, five months after being convicted of fraud and tax evasion.
Read more »