Rolex applying to Swiss government to (partially) reopen so they can move stock?

[Turnaround]

Just come out and say it.

April Fools....

[ecdc]

Originally Posted by Tha Baron

“Partially retired”... sounds “aspirational”

I retired -- fully -- in my mid-40s last year after starting and building a business from scratch over the past 15 years. I can guarantee you there's no such thing as "partially retired." What a strange thing for the person to throw into the post. "Partially retired" at age 32 just sounds like he has no idea what he's talking about.

[Oxfordian]

Switzerland is struggling with the Coronavirus, it has one of the highest rates of infections per head of population so any re-opening of watch businesses is going to be extremely unlikely.

[blada4life]

This rumor came from watch YouTuber Marc Goldberg. I like him and I think he believes what he’s saying is genuine. The issue is he cannot confirm one way or the other if his source is legitimate or not. It could be someone messing with him but he has no way to confirm if his source is a Rolex mole lol.


Sent from my iPhone using Tapatalk

[Meyrin]

Originally Posted by Oxfordian

Switzerland is struggling with the Coronavirus, it has one of the highest rates of infections per head of population so any re-opening of watch businesses is going to be extremely unlikely.

This is correct, thanks for pointing it out! I simply cannot imagine/believe that Rolex would gain any exemption from the Swiss government, now or in the near future. The situation is far too grim there. I don't know where the OP heard or read this, but I don't believe it. Sorry, there's just too much fake news and speculation out there.

[faimag]

Originally Posted by AJMarcus

They think about improving their economy. Most people can walk and chew gum at the same time.

That's pretty much what POTUS was saying a week or so ago... but he changed his tune these days, hasn't he?!

[SLWoodster]

Originally Posted by foo4rolex

I do not think Rolex is shipping to US or Europe anymore.

China just removed the lockdown. So, Chinese are start buying again.

Grey market price will see a dip now but it will bound back very soon.

China is excited to tell the outside world that they’re solving the problem. However when you are referring to them having “removed the lockdown,” it’s a complete misnomer. China’s current state is more stringent than the US’s lockdown. Temperature and ID Checkpoints at all markets, major buildings. They’re only allowing a portion of the population back to work and def not crossing provincial borders. They’ve tried to reopen things like movie theaters and closed back down...

You’re probably right about your other predictions. But china ain’t buying for a little while longer.

[bigjack78]

Originally Posted by Tavli3

Don't consider them a gray cause I don't see the new stickered watches there and very few of the hot SS pieces if any at all.


loans@grayandsons.com
.

It's right there in the name!

[Wedders]

Ive got a hulk locked in an AD”s safe until after lockdown.

[GradyPhilpott]

Originally Posted by ecdc

I retired -- fully -- in my mid-40s last year after starting and building a business from scratch over the past 15 years. I can guarantee you there's no such thing as "partially retired." What a strange thing for the person to throw into the post. "Partially retired" at age 32 just sounds like he has no idea what he's talking about.

There are a lot of people who semi-retire.

They have a good income from a retirement plan, or some other source, but still want to stay active and still make some extra money.

I also know others who have never really retired and have just retired from one job and immediately gone to another,

One man I know has retired from at least four careers and has income from all of them and he still volunteers.

As for what Rolex is doing, I think it's safe to say that no one knows except for Rolex and maybe a few government bureaucrats.

[Closs1909]

Originally Posted by Roy7

+1

Except I would buy the hulk. But probably not a Daytona (whereas I would have a few months ago).

Sent from my iPhone using Tapatalk Pro

Out of curiosity why a Hulk over a Daytona? Just personal preference, the difference in MSRP, or something else?

[ndrs63]

I do not believe the rumor. I don’t even think swiss government mandates closure of businesses. Swiss and Sweden are the most liberal from that perspective in Europe


Sent from my iPhone using Tapatalk

[dtwer]

Originally Posted by Phooi

Has anyone noticed that a lot of these threads are started by people with very low post counts?

I have.

[Calatrava r]

The Swiss will re-open when they do. When that happens Rolex re-opens, not a moment sooner.

[F17RUK]

this is either April’s fool or fake news

[superstarmar]

Originally Posted by Roger Lococco

Direct to the grey market dealers. Cutting out the ADs.

[Abmatt2002]

Apparently breitling are restarting production on Monday.

[hardrive]

Apologies if this has been covered but, for those that follow Marc Goldberg, it sounds like Rolex has applied to Swiss authorities for an exemption to resume limited operations, including shipping COSC-certified inventory. WatchPro reporting that Breitling is resuming limited manufacturing next week, with the goal of getting to 60-70% capacity, so one would have to think it is likely Rolex works out a way to resume operations in some form as well. Query whether ADs, which presumably are or will soon be cash-strapped (in line with the overall market), are lobbying Rolex HQ more forcefully than is typical for a higher ratio of SS to PM for these planned shipments of existing inventory. Thinking is that, if successful and that were to come to fruition, ADs would at least have some easier-to-move pieces and therefore some more-reliable, albeit lower margin, sales. Thoughts?

[Abmatt2002]

Originally Posted by hardrive

Apologies if this has been covered but, for those that follow Marc Goldberg, it sounds like Rolex has applied to Swiss authorities for an exemption to resume limited operations, including shipping COSC-certified inventory ?

This is what started the thread!

[hardrive]

Originally Posted by Abmatt2002

This is what started the thread!

Thanks for your insightful response - I did pose a question as well.