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w154
·Seems to be a result of not allowing it’s retailers to sell the watches online for the last 10+ years.
Rolex Fined €91.6M for Anti-Competitive Practises in France
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YY77
·Read all about it here::
https://www.bloomberg.com/news/arti...llion-for-thwarting-french-online-watch-sales
https://www.bloomberg.com/news/arti...llion-for-thwarting-french-online-watch-sales
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p4ul
·
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Pastorbottle
·My heart bleeds for the little poppets……….NOT!
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blufinz52
··Hears dead people, not watch rotors.A drop in the bucket.
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Dan S
·The judgement is nothing, but if it means that ADs will be able to sell watches online in the future, that's a big deal.
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Archer
·Sending my thoughts and prayers to Rolex. In other words...
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gbesq
·Not to worry. There are still plenty of widows and orphans for Rolex to sue. 😁
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Watch my Whisky
·My heart pumps purple piss for Rolex.
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gbesq
·Poor Rolex. 🙁 How will the company ever pay such a large fine? 😲 After all, it's owned by a charitable trust. 😕 Oh, wait a minute . . . 👎
Edited:
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steversaurus
·Sounds like theres going to be some revisions to the 2024 price list.
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ErichPryde
·My heart pumps purple piss for Rolex.
Hi, this sounds serious. Have you seen a Doctor? 😵💫
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p4ul
·Hi, this sounds serious. Have you seen a Doctor? 😵💫
Hi, I am an online Doctor. Rolex employ a number of caring people who consent to be drained of blood and have it replaced with purple piss. I read about it in the BMJ….or it may have been one of Rupert Murdoch’s publications.
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sheepdoll
·My heart pumps purple piss for Rolex.
Amazing alterations alleviate all alcohol activity. Rolex rolls record redundant refuse. 👍
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ErichPryde
·Amazing alterations alleviate all alcohol activity. Rolex rolls record redundant refuse. 👍
Feeling a little bit of alliteration coming on today, I see. Thank goodness we have an internet doctor in the house to fix both of you right up!
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Fallout Boy
·😁
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pdxleaf
··In Art We TrustI'm pretty dense.
Why is it anti-competitive for one company to not want to sell its product, whether on-line or in stores?
To be anti competitive or to attempt to form a trust, don't you need to collude with more than yourself, as in two or more competitors attempt to control the price of a market?
If one company, Rolex, attempts to control the price of their product, isn't that normal? They control how much they want to charge. Why is a company required to sell online?
Please explain this to me.
Why is it anti-competitive for one company to not want to sell its product, whether on-line or in stores?
To be anti competitive or to attempt to form a trust, don't you need to collude with more than yourself, as in two or more competitors attempt to control the price of a market?
If one company, Rolex, attempts to control the price of their product, isn't that normal? They control how much they want to charge. Why is a company required to sell online?
Please explain this to me.
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Pastorbottle
·I think its that they are putting a restriction upon the dealers to not sell online, which if I was a dealer I’d be mighty pissed off if they interfered with how I do my business
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Fallout Boy
·If it s a win-win situation, I subscribe any contract. 😉
Selling one ROLEX for 20k (in the store) is smarter than selling 20 XY for 1 k and having probably 5 complaints from 5 customers...
Selling one ROLEX for 20k (in the store) is smarter than selling 20 XY for 1 k and having probably 5 complaints from 5 customers...
