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Morgan Stanley’s eagerly awaited annual report on the state of the Swiss watch industry has dropped into industry inboxes this week, and it shows Rolex turnover rising by 9% .In 2021, Rolex’s revenue accounted to an estimated CHF 8.05 billion excluding VAT. This is according to the respected annual report on the Swiss watch industry presented by Morgan .
Morgan Stanley’s eagerly awaited annual report on the state of the Swiss watch industry has dropped into industry inboxes this week, and it shows Rolex turnover rising by 9% .In 2021, Rolex’s revenue accounted to an estimated CHF 8.05 billion excluding VAT. This is according to the respected annual report on the Swiss watch industry presented by Morgan . Watch industry heavyweight Rolex raked in 10 billion Swiss francs in 2023 as its retail market share grew by over 30 percent, a new report shows.
The first Swiss brand to rake in sales worth Billion in 2023, Rolex continues to dominate the industry with over 30% market share, reports Morgan Stanley. By Neha S. Bajpai. Rolex posts a record .5bn in sales—more than its top 5 competitors combined, Morgan Stanley says: ‘No other luxury brand can claim such a dominant position’. BY Andy . Sales of CHF 8 billion at wholesale for Rolex translates to over CHF 12 billion at retail, excluding VAT. The Morgan Stanley estimate — which Rolex will not confirm — .
Rolex’s inexorable rise has continued into 2022, with sales up 21% to CHF 9.3 billion, more than treble second place Cartier with estimated turnover of CHF 2.75 billion, up 15%. Rolex increases turnover by 9%, according to Morgan Stanley estimates, but several competitors are growing faster.The Rolex brand generated approximately 9.7 billion U.S. dollars in sales revenue in 2022, making it the leading luxury watch brand in the world.
According to new data, Rolex generated approximately .5 billion in 2020 and accounted for one-quarter of the industry’s total turnover.
Rolex turnograph on chrono 24
Morgan Stanley’s eagerly awaited annual report on the state of the Swiss watch industry has dropped into industry inboxes this week, and it shows Rolex turnover rising by 9% .In 2021, Rolex’s revenue accounted to an estimated CHF 8.05 billion excluding VAT. This is according to the respected annual report on the Swiss watch industry presented by Morgan . Watch industry heavyweight Rolex raked in 10 billion Swiss francs in 2023 as its retail market share grew by over 30 percent, a new report shows. The first Swiss brand to rake in sales worth Billion in 2023, Rolex continues to dominate the industry with over 30% market share, reports Morgan Stanley. By Neha S. Bajpai.
Rolex posts a record .5bn in sales—more than its top 5 competitors combined, Morgan Stanley says: ‘No other luxury brand can claim such a dominant position’. BY Andy . Sales of CHF 8 billion at wholesale for Rolex translates to over CHF 12 billion at retail, excluding VAT. The Morgan Stanley estimate — which Rolex will not confirm — .
Rolex’s inexorable rise has continued into 2022, with sales up 21% to CHF 9.3 billion, more than treble second place Cartier with estimated turnover of CHF 2.75 billion, up 15%.
Rolex increases turnover by 9%, according to Morgan Stanley estimates, but several competitors are growing faster.The Rolex brand generated approximately 9.7 billion U.S. dollars in sales revenue in 2022, making it the leading luxury watch brand in the world.
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