Yahoo Finance: Eric Wind Quoted on Acquisition of Bucherer by Rolex
Pras Subramanian Senior Reporter at Yahoo Finance recently wrote about the acquisition of Bucherer by Rolex. Within the article, Eric Wind is quoted.
"Rolex has such huge demand for their watches that I have long felt it does not make sense that they give 32% of the retail price to a retailer," industry watcher Eric Wind of Wind Vintage said to Yahoo Finance. "From a business perspective, it only made sense to have stores through which they can try to receive 100% of the retail price of the watch, as well as to develop direct relationships with end customers rather than allowing other retailers to have that relationship."
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