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The Swiss watchmaker has been fined 0 million by the country’s antitrust . Rolex was fined about 0 million by France’s antitrust agency for pursuing an . It has imposed a penalty of €91,600,000 on Rolex France SAS, together with a . Rolex was fined about 0 million by France’s antitrust agency for pursuing an .
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. 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. It has imposed a penalty of €91,600,000 on Rolex France SAS, together with a disclosure and publication injunction. However, the Autorité rejected the objection concerning the resale prices imposed on its retailers, which had been notified to Rolex. 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 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. 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.On December 19, 2023, the French Competition Authority imposed a €91,600,000 fine on Rolex France SAS [hereinafter "Rolex"] for implementing a vertical agreement aimed at prohibiting its authorized distributors from selling its watches online. 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 watches fined
In its decision no. 23-D-13 of 19 December 2023, the French Competition Authority imposed a fine of 91.6 million EUR on Rolex France SAS and three parent companies (Rolex Holding SA, Foundation Hans Wilsdorf and Rolex SA) for enforcing a complete ban on online sales by its authorised resellers within its selective distribution network.
The French competition authority fined Rolex France jointly with Rolex Holding SA, the Hans Wilsdorf Foundation and Rolex SA, according to a press release issued on Tuesday. 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.
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. It has imposed a penalty of €91,600,000 on Rolex France SAS, together with a disclosure and publication injunction. However, the Autorité rejected the objection concerning the resale prices imposed on its retailers, which had been notified to Rolex. 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 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 watch sale ban
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.
On December 19, 2023, the French Competition Authority imposed a €91,600,000 fine on Rolex France SAS [hereinafter "Rolex"] for implementing a vertical agreement aimed at prohibiting its authorized distributors from selling its watches online. 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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In its decision no. 23-D-13 of 19 December 2023, the French Competition Authority imposed a fine of 91.6 million EUR on Rolex France SAS and three parent companies (Rolex Holding SA, Foundation Hans Wilsdorf and Rolex SA) for enforcing a complete ban on online sales by its authorised resellers within its selective distribution network.
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