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

Leather Nato straps by Jean Paul Menicucci
Leather Nato straps by Jean Paul Menicucci

July 30, 2020 2 min read

Single pass and normal nato straps make their way to WatchObsession courtesy of JPM.
Read More
Buffalo watch strap by RIos1931 on Green dial Seiko 5 sports diver
Padded Buffalo watch strap by Rios1931

July 24, 2020 1 min read

We take a closer look at the new to WatchObsession Rios1931 Colorado - a generously padded genuine Buffalo watch strap at a great price.
Read More
Person holding Omega Speedmaster and camouflage JPM watch strap
Camouflage watch straps from Jean Paul Menicucci

July 16, 2020 1 min read

More camo watch straps from JPM... Bet you didn't see that coming.
Read More

Subscribe