Rolex gets $100.5 million fine in France

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Consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis.” byline=”staff reporter” caption=”Rolex is a luxury watch manufacturer.” credits=”ARCHIVE”]

Rolex gets $100.5 million fine from France regulator

France’s competition regulator imposed a fine of 91.6 million euros ($100.5 million) on the local subsidiary of Swiss luxury watch maker Rolex for blocking retailers from selling online.

The regulator said on Tuesday (December 19) that it considered that the prohibition Rolex had imposed on retailers as “restricted competition” and rejected the argument that the ban on online selling was justified by the need to combat counterfeiting and parallel trade.

It noted that Rolex’s main competitors, “who face the same risks, authorise the online selling of their products under certain conditions”.

Since Rolex imposed the online sales ban for more than 10 years, France fined the luxury watch maker an equivalent of $100.5 million. Rolex declined to comment. ICA/Expat Media


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