October 04, 2018 1 min read

Image source - rolex.com

Sales for The Rolex distribution, service and support in the UK and Ireland, topped £329m last year.  This is a 23% increase from 2016, which equates to a massive £268m rise in sales

The figures are only is based on the WHOLESALE prices for Rolex and Tudor’s the authorised dealers pay the company, not the profit made by the jewellers selling to the public, though sales at retail are certain to have exceeded half a billion pounds for the first time.

Operating profit saw its strongest ever growth last year too as it rose by 86%, from £22m in 2016 to £42m in the year ending December 31, 2017.

Image source - WatchPro

As well as Rolex and its shareholders, the other big winner in this news is Her Majesty’s Revenue & Customs.

It was revealed that Rolex Watch Company Ltd paid £8.06 million, twice as much tax in 2017 as it did the year before. In a statement, Rolex said that they were a “responsible tax payer who is committed to being compliant with tax law and practice in the UK”.

Browse our collection of Rolex Watches

Source: WatchPro - BREAKING NEWS: Rolex UK sales rocket to £329 million



Leave a comment

Comments will be approved before showing up.

Also in WatchObsession Blog

JPM Racing strap in peanut on the wrist with Omega Speedmaster
Rustic racing watch straps by Jean Paul Menicucci

February 26, 2020 2 min read

Perforated leather racing straps made to age well.
Read More
Four water resistant watch straps by Rios1931
Four water resistant watch straps by Rios1931

February 17, 2020 1 min read

We take a closer look at four rubber like watch straps by Rios1931.
Read More
Q Timex Reissue getting PolyWatch dial treatment
Removing a scratch from the Q Timex Reissue with PolyWatch

January 31, 2020 2 min read

Door handle 1 - 0 Timex watch | Do not fear, PolyWatch is here!
Read More