Rolex To Acquire Watch Retailer Bucherer

Leading Swiss watchmaker Rolex will acquire Bucherer, one of the largest international multibrand retailers of watches, according to Forbes.In light of the deal, Rolex confirmed that Bucherer will continue to operate as an independent company under the same name and that the business' executive teams will not change. Rolex added that it chose to purchase the massive retailer upon learning that Jörg Bucherer, the third-generation owner of the company, was contemplating a sale. Notably, the acqui...