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13 December 2017, 07:16 AM | #1 |
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Update: Rolex @ Wynn - Las Vegas
Good afternoon TRF. After reading a lot about changes in the store, I called some contacts within the organization. Names can not be disclosed; but trust me, this is UP directives. VERY up in the organization.
As of today: -Wynn has sold almost 50% (just under, so they keep a majority) of the RETAIL business to Crown. Crown is a management company (for those TRFers in the US, think as Simon for shopping malls). -Crown will manage retail for Wynn, so all renters will now coordinate with Crown, not Wynn-Retail (Wynn still owns the place and majority in the venture). Operation exceeds 500 million us -Aurum (UK) who owns several businesses including major watch boutiques and reps (Patek, Rolex, JLC, etc) as well as jewelry stores and other venues; bought Mayors in FL and Atlanta for over 100 million us. -One of Aurum's companies is Watches of Switzerland (WofS), who is in charge of the AAA product line (watches). Watches of Switzerland bought Mr Wynn's participation in Rolex-Vegas and other watch stores at Wynn/Encore; so the boutique will be now Rolex by Watches of Switzerland (instead of Rolex by Wynn). -Today and tomorrow the store will be closed, as they are moving EVERYTHING to WofS....computers, inventory, phones, e-mails; etc. -For us, customers, there is no change. The store will have no change, staff will be the same...all the same. They feel that, with WofS/Aurum which is into retail, there will be new and fresh ideas to increase sales volumes. Wynn will focus on Hotel and Casino...while still owning majority on retail but leaving the operation to others. .....whew! Lots of information! Cheers!!!!! |
13 December 2017, 07:31 AM | #2 |
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Nice update. Thanks Gerardo.
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13 December 2017, 07:33 AM | #3 |
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Awesome update G !!!
Mucho appreesh.... |
13 December 2017, 07:33 AM | #4 |
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Great information!
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13 December 2017, 07:34 AM | #5 |
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Wow - that’s a surprise.
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13 December 2017, 07:40 AM | #6 |
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You are welcome
De nada New players in the US high-end marketplace... It is. So now, they are in FL, Atlanta AND Vegas.... |
13 December 2017, 07:53 AM | #7 |
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Similar to what I was told at the weekend but with lots more detail in your account OP, many thanks.
Despite having been to Vegas three times I have never been there. Something I intend to rectify in September 2018. After everything I have heard I would have been disappointed if they had changed it all round before I got there |
13 December 2017, 07:56 AM | #8 |
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Thanks for the update G! Wife and I will be on holiday in Vegas and staying at the Wynn in just a couple weeks. I look forward to checking out the shop.
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13 December 2017, 07:56 AM | #9 |
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Business as usual. Don't expect discounts
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13 December 2017, 07:58 AM | #10 |
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the trusted sellers are succeeding with their plan to destroy all AD's.
kudos! no i'm not. seriously. |
13 December 2017, 08:24 AM | #11 |
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I can't wait to see the changes... Vegas here we come! Thanks for the update Gerardo, Wis Con 18 will be spectacular!
Sent from my iPhone using Tapatalk |
13 December 2017, 08:55 AM | #12 |
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So next question is: Will there be a new limited Rolex WofS model now?
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13 December 2017, 08:53 AM | #13 |
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Sounds like a good deal....let someone else focus on retail
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13 December 2017, 08:56 AM | #14 |
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Thanks G. Lol we are only 4 months and a couple weeks away to see it in person.
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13 December 2017, 09:04 AM | #15 | |||||
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Quote:
Quote:
That is for sure! Quote:
Quote:
VERY smart! Let them do it while you still own the majority. WIN-WIN-WYNN!!!!! Quote:
YES!!!!! |
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13 December 2017, 10:16 AM | #16 |
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Thanks so much for the news much appreciated!
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13 December 2017, 10:21 AM | #17 |
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G have you been talking to Steve Wynn again
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13 December 2017, 10:24 AM | #18 |
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Very interesting.
Thanks for the info Gerardo!
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13 December 2017, 10:53 AM | #19 |
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(now, clean computer screen.....good one, D!) Anytime! |
13 December 2017, 11:00 AM | #20 |
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THANKs G
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13 December 2017, 02:38 PM | #21 |
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13 December 2017, 04:26 PM | #22 |
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Thanks for the information, and taking it upon yourself to reach out to find out more for the benefit of the entire TRF community!
Wow, a pretty big change from the business side of things, but hopefully it will be positive things for us customers moving forward. I might need to swing by there the next time I'm in Vegas. |
13 December 2017, 04:47 PM | #23 |
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Thanks for the update Gerardo
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13 December 2017, 10:55 PM | #24 | |
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Quote:
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13 December 2017, 11:04 PM | #25 |
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Thanks for the update! Are they still going to host us during the Vegas GTG?
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13 December 2017, 11:29 PM | #26 |
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13 December 2017, 11:44 PM | #27 | |
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Quote:
Looks unattainable..... G - you are treasure trove of info!
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13 December 2017, 11:46 PM | #28 |
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Amazing update. Thanks for the info.
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14 December 2017, 12:18 AM | #29 |
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14 December 2017, 12:59 AM | #30 |
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They'll have "fresh ideas" to increase sales?
Will they actually get new stock? |
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