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Rolex subsidiary Marconi Investment SA reportedly paid 3 million for a .
Marconi Investment SA paid 120 million Swiss francs (3 million) for the . (Bloomberg) — A Rolex SA subsidiary bought a building, which houses rival . Rolex subsidiary Marconi Investment SA reportedly paid 3 million for a building in Geneva that houses the flagship boutique of rival Omega. Marconi Investment SA paid 120 million Swiss francs (3 million) for the building on Rue du Rhone, according to a filing with Geneva’s land registry.
(Bloomberg) — A Rolex SA subsidiary bought a building, which houses rival Omega’s flagship boutique, on Geneva’s priciest shopping street in the latest battle between between top Swiss watch. Marconi Investment SA paid 120 million Swiss francs (US3 million) for the building on Rue du Rhone, according to a filing with Geneva’s land registry.
Fast forward to today, and multiple news sites (Bloomberg, Perpetual Passion, Money, Livemint) have reported that Rolex, via a separate entity (Marconi Investment SA), has acquired the building in Geneva’s most expensive shopping district (Rue du Rhone) for CHF 120 million (approximately 3 million) — which houses rival Omega’s . A Rolex SA subsidiary bought a building, which houses rival brand Omega’s flagship boutique, on Geneva’s priciest shopping street in the latest battle between between top Swiss watch brands for prime real estate.
It has been acquired by Marconi Investment SA, the subsidiary of Rolex, for 3 million (129 million Swiss francs), Bloomberg reported, citing a filing with Geneva's land registry.
A Rolex SA subsidiary bought a building, which houses rival Omega’s flagship boutique, on Geneva’s priciest shopping street in the latest battle between between top Swiss watch brands for prime real estate.The purchase, conducted by Marconi Investment SA for 120 million Swiss francs (3 million), has shaken the status quo. Notably, the biggest Omega boutique in the Swiss city is one of the building’s tenants. Marconi Investment SA paid CHF120 million (3 million) for the building on Rue du Rhone, according to a filing with Geneva’s land registry.
Rolex subsidiary Marconi Investment SA reportedly paid 3 million for a building in Geneva that houses the flagship boutique of rival Omega. Marconi Investment SA paid 120 million Swiss francs (3 million) for the building on Rue du Rhone, according to a filing with Geneva’s land registry. (Bloomberg) — A Rolex SA subsidiary bought a building, which houses rival Omega’s flagship boutique, on Geneva’s priciest shopping street in the latest battle between between top Swiss watch. Marconi Investment SA paid 120 million Swiss francs (US3 million) for the building on Rue du Rhone, according to a filing with Geneva’s land registry.
Fast forward to today, and multiple news sites (Bloomberg, Perpetual Passion, Money, Livemint) have reported that Rolex, via a separate entity (Marconi Investment SA), has acquired the building in Geneva’s most expensive shopping district (Rue du Rhone) for CHF 120 million (approximately 3 million) — which houses rival Omega’s . A Rolex SA subsidiary bought a building, which houses rival brand Omega’s flagship boutique, on Geneva’s priciest shopping street in the latest battle between between top Swiss watch brands for prime real estate. It has been acquired by Marconi Investment SA, the subsidiary of Rolex, for 3 million (129 million Swiss francs), Bloomberg reported, citing a filing with Geneva's land registry. A Rolex SA subsidiary bought a building, which houses rival Omega’s flagship boutique, on Geneva’s priciest shopping street in the latest battle between between top Swiss watch brands for prime real estate.
The purchase, conducted by Marconi Investment SA for 120 million Swiss francs (3 million), has shaken the status quo. Notably, the biggest Omega boutique in the Swiss city is one of the building’s tenants.
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