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The Swiss watchmaker has been fined 0 million by the country’s antitrust agency for effectively banning its authorized dealers from selling watches online, Bloomberg reports.
Following referrals from the Union de la Bijouterie Horlogerie and Pellegrin & . The Swiss watchmaker has been fined 0 million by the country’s antitrust agency for effectively banning its authorized dealers from selling watches online, Bloomberg reports. Following referrals from the Union de la Bijouterie Horlogerie and Pellegrin & Fils, as well as dawn raids, the Autorité de la concurrence has fined Rolex France (jointly and severally with Rolex Holding SA, the Hans Wilsdorf Foundation and Rolex SA) for prohibiting its retailers from selling Rolex watches online for more than ten years. Rolex was fined about 0 million by France’s antitrust agency for pursuing an illegal decade-long crackdown on distributors selling the Swiss firm’s luxury watches online.
France’s antitrust agency is after the Swiss luxury watch brand for pursuing an illegal decade-long crackdown on distributors selling the Swiss firm’s luxury watches online. The French competition authority fined Rolex France jointly with Rolex Holding SA, the Hans Wilsdorf Foundation, and Rolex SA. Rolex has been fined 0 million by France’s anti-trust agency. The Autorité de la concurrence rejected Rolex’s premise the online sales ban “combats counterfeiting and parallel trade”.
France’s antitrust regulator has fined Rolex 91 million euros (approximately 0.7 million), saying the watchmaker restricted competition by forbidding retailers to sell its much-sought-after timepieces online. Rolex was fined about 0 million by France’s antitrust agency for pursuing an illegal decade-long crackdown on distributors selling the Swiss firm’s luxury watches online.
France’s competition regulator, the Autorité de la concurrence, has imposed a substantial fine of 91,600,000 euros on Rolex France, along with Rolex Holding SA, the Hans Wilsdorf Foundation, and Rolex SA.
Paris—A French regulatory body has fined Rolex €91.6 million (approximately .9 million) over its decade-long practice of preventing authorized Rolex dealers in France from selling its watches online. The Autorité de la Concurrence, or French Competition Authority, announced the fine Dec. 19. Rolex was fined about 0 million by France’s antitrust agency for an illegal decade-long crackdown on distributors selling the Swiss firm’s luxury watches online. The Swiss watchmaker has been fined 0 million by the country’s antitrust agency for effectively banning its authorized dealers from selling watches online, Bloomberg reports.
Following referrals from the Union de la Bijouterie Horlogerie and Pellegrin & Fils, as well as dawn raids, the Autorité de la concurrence has fined Rolex France (jointly and severally with Rolex Holding SA, the Hans Wilsdorf Foundation and Rolex SA) for prohibiting its retailers from selling Rolex watches online for more than ten years. Rolex was fined about 0 million by France’s antitrust agency for pursuing an illegal decade-long crackdown on distributors selling the Swiss firm’s luxury watches online. France’s antitrust agency is after the Swiss luxury watch brand for pursuing an illegal decade-long crackdown on distributors selling the Swiss firm’s luxury watches online. The French competition authority fined Rolex France jointly with Rolex Holding SA, the Hans Wilsdorf Foundation, and Rolex SA. Rolex has been fined 0 million by France’s anti-trust agency. The Autorité de la concurrence rejected Rolex’s premise the online sales ban “combats counterfeiting and parallel trade”.
France’s antitrust regulator has fined Rolex 91 million euros (approximately 0.7 million), saying the watchmaker restricted competition by forbidding retailers to sell its much-sought-after timepieces online. Rolex was fined about 0 million by France’s antitrust agency for pursuing an illegal decade-long crackdown on distributors selling the Swiss firm’s luxury watches online. France’s competition regulator, the Autorité de la concurrence, has imposed a substantial fine of 91,600,000 euros on Rolex France, along with Rolex Holding SA, the Hans Wilsdorf Foundation, and Rolex SA. Paris—A French regulatory body has fined Rolex €91.6 million (approximately .9 million) over its decade-long practice of preventing authorized Rolex dealers in France from selling its watches online. The Autorité de la Concurrence, or French Competition Authority, announced the fine Dec. 19.
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