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#1 |
"TRF" Member
Join Date: Apr 2013
Real Name: Rick
Location: Ohio
Posts: 207
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Do you consider Rolex an independent or a conglomerate?
Obviously it depends on how you define it.
There are a variety of criteria that could be used: Public vs Private company Single vs multi brand Market penetration Annual monetary value sold Annual number of pieces produced Marketing budget There are clear cut independent brands such as Dufour or Greubel-Forsey. There are typically accepted independents such as PP, AP, and Journe. It is similar to the art vs pornography question. You know it when you see it. Aside from the first criteria, all of the other criteria I listed point to conglomerate. My answer therefore is conglomerate. |
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#2 |
"TRF" Member
Join Date: Jun 2020
Location: United Kingdom
Watch: Rollie
Posts: 770
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Not conglomerate, to me that's a multinational involved in many different industries.
I see Rolex as an independent that happens to have mass production capability. |
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#3 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Jul 2013
Real Name: Brian (TBone)
Location: canada
Watch: es make me smile
Posts: 75,969
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Mass production independent.
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#4 |
"TRF" Member
Join Date: Apr 2015
Location: .
Posts: 333
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Rolex is a secret organization (in the from charity) with $ 11.5 billion of revenue per annum and a profit margin of not less than 50%. It is also a real estate tycoon.
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#5 |
Banned
Join Date: Jul 2016
Location: The Doghouse
Watch: Ingersoll Mickey
Posts: 3,128
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#6 |
2024 ROLEX DATEJUST41 X2 Pledge Member
Join Date: Jul 2012
Real Name: Kat
Location: CA, USA
Watch: 126233 Wimbledon T
Posts: 6,817
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It does not meet the criteria to be considered a conglomerate. It is a very successful independent company.
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#7 |
"TRF" Member
Join Date: Jun 2023
Location: USA
Posts: 1,089
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It is an independent. Not debatable.
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#8 |
2024 Pledge Member
Join Date: Dec 2009
Real Name: The Mystro ;)
Location: Central Pa.
Posts: 15,178
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It’s a Indy pretty clear.
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#9 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Mar 2010
Location: Paris, France
Posts: 34,888
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Per Cambridge, a conglomerate is “a company that owns several smaller businesses whose products or services are usually very different”
Rolex is clearly not a conglomerate. Rolex might me too big to be considered an “independent” like some brands like Journe or Czapek. Maybe “behemoth” is a better term? ![]() |
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#10 |
"TRF" Member
Join Date: May 2020
Location: Sector 001
Posts: 303
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Tycoons, the biggest and one of the most successful Independent company in the world
Most well know company in the world known as the king of watches. 50% margins or more now that they are retailers too. |
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#11 |
Banned
Join Date: Jul 2024
Location: ndak
Posts: 13
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Independent, it’s not even a question
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#12 |
Banned
Join Date: Aug 2020
Location: USA
Posts: 72
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It's an independent organizations IMO.
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#13 |
2024 Pledge Member
Join Date: Aug 2020
Location: Austin, TX
Watch: 126610LN
Posts: 226
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It’s an international watch firm which builds entirely in Switzerland. It’s not a conglomerate.
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#14 |
"TRF" Member
Join Date: Sep 2022
Location: USA
Posts: 49
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It's an independent company with mass production not a conglomerate.
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#15 |
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Join Date: Apr 2024
Location: Brooklyn
Posts: 26
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They are free to operate as they wish - within the bounds of the law of course. No board or shareholders to satisfy. That sounds independent to me.
I worked with someone at the Hans Wilder Foundation before I took a serious interest in watches. Wish I had asked more about it then. |
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#16 |
"TRF" Member
Join Date: Sep 2012
Location: Hoboken, NJ
Posts: 661
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An independent multi brand trust
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#17 |
2024 ROLEX DATEJUST41 X2 Pledge Member
Join Date: Jul 2012
Real Name: Kat
Location: CA, USA
Watch: 126233 Wimbledon T
Posts: 6,817
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Do you consider Rolex an independent or a conglomerate?
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#18 |
"TRF" Member
Join Date: Sep 2012
Location: Hoboken, NJ
Posts: 661
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It's just semantics in the end so doesn't matter . However, Merriam-Webster defines multiple as more than one. But even assuming it needs to be more than two brand the trust owns the Bucherer brand. Plus Tudor and therefore the trust owns a majority of Kenissi.
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#19 |
2024 ROLEX DATEJUST41 X2 Pledge Member
Join Date: Jul 2012
Real Name: Kat
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Watch: 126233 Wimbledon T
Posts: 6,817
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I did not think Carl F Bucherer, the watch brand, was a big deal. Perhaps with Rolex’s acquisition of the Bucherer massive network of retail stores, they ARE now a conglomerate, just not one that manufactures watches, but sells them. I read that nothing will change, as far as the management of Bucherer. I am not sure I believe that, though. Time will tell!
![]() Kat Sent from my iPad using Tapatalk |
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#20 |
"TRF" Member
Join Date: Feb 2020
Location: Underground
Posts: 2,408
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A start up
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#21 |
2024 ROLEX SUBMARINER 41 Pledge Member
Join Date: Nov 2006
Real Name: Eddie
Location: Australia
Watch: A few.
Posts: 37,234
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Too high up the mental tree for me Rick.
I just though they were a watchmaker.
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#22 |
"TRF" Member
Join Date: Apr 2013
Real Name: Rick
Location: Ohio
Posts: 207
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Not trying to belabor the point. It’s just a silly academic discussion. However, as time goes by, the answer is becoming less and less clear.
From a more practical standpoint, with the power of the brand and the Bucherer acquisition, do we anticipate an ongoing expansion of the retail footprint? More acquisitions, expansion of the boutiques, elimination of a number of AD’s? How about online ordering? |
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#23 |
"TRF" Member
Join Date: Jun 2022
Location: US
Posts: 675
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Obviously independent.
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#24 | |
2024 ROLEX DATEJUST41 X2 Pledge Member
Join Date: Jul 2012
Real Name: Kat
Location: CA, USA
Watch: 126233 Wimbledon T
Posts: 6,817
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Quote:
Yes, not as straightforward as I thought at first. The Bucherer acquisition changes things dramatically. That was a 5 billion dollar transaction. As for online ordering, that will NOT happen. It’s the opposite of Rolex’s goal to become more upscale. They want to be more physically visible, while maintaining their exclusivity. The ability of a customer to go online and order a GMT overnighted to him from a Rolex Boutique would be counterintuitive to their ultimate vision. Kat Sent from my iPad using Tapatalk |
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#25 |
"TRF" Member
Join Date: Feb 2014
Real Name: Kevin
Location: Now Tennessee
Watch: 2-Line Sub & DJ41
Posts: 377
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It's simply a brand of watches.
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#26 | |
"TRF" Member
Join Date: Apr 2013
Real Name: Rick
Location: Ohio
Posts: 207
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Quote:
The most highly sought after Rolex may become even more difficult to acquire in the future however unless you go through Bucherer or Rolex Boutique. |
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#27 |
2024 Pledge Member
Join Date: Jan 2018
Location: Florida
Watch: Sub, DJ41, GMT
Posts: 7,706
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Do you consider Rolex an independent or a conglomerate?
A conglomerate to me is a company with multiple lines of disparate businesses like United Technologies. They make aircraft engines, HVAC equipment, escalators, elevators, etc.
I suppose Swatch group would probably classify as a conglomerate since they have a lot of different brands. But I’d still consider Rolex an independent company despite having Tudor and acquiring Bucherer. Reality is that there is a fine line between the companies that are considered conglomerates vs the companies that are not. Sent from my iPhone using Tapatalk |
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#28 |
2024 Pledge Member
Join Date: Mar 2017
Location: United States
Watch: Rolex and Patek
Posts: 10,983
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#29 |
2024 Pledge Member
Join Date: May 2011
Real Name: Kevin
Location: Tornado Alley
Posts: 3,258
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Yes.
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#30 | |
"TRF" Member
Join Date: Nov 2022
Location: Utah
Watch: Dwellers
Posts: 36
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Quote:
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