Watches of Switzerland shares dive on Rolex Bucherer deal
Traders see competition concerns for London-listed Watches of Switzerland after Rolex bought the Swiss watch retailer Bucherer.
The Swiss competition regulator has been asked to rule on the takeover to ensure that Rolex doesn’t have a beneficial outcome over other watch suppliers through the Bucherer outlets. But Watches of Switzerland said in a statement that it has been "confirmed by the highest level of Rolex management" in Geneva that there will be no interference.
Related articles
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.