Rolex Seller’s Value Drops by $600 Million Amid Watchmaker’s Retailer Acquisition
The largest retailer of Rolex watches in the United Kingdom lost nearly a third of its value on Friday after the Swiss brand acquired Bucherer AG, making its first major retailing move. Watches of Switzerland Group Plc shares fell as much as 30%, wiping out a market capitalization of nearly £500 million ($629 million). Late […]