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teo · 19 November 2008, 07:20 PM

Will Rolex goes bankrupt in this economic crisis or depression? What you think Rolex watch will worth if the company close down?

Jimbits76 · 19 November 2008, 07:22 PM

No.

J

swatty · 19 November 2008, 07:24 PM

No, there will always be people like us buying Rolex watches.

DanP · 19 November 2008, 07:25 PM

HELL NO. I dont think anyones going to vote yes on this one huh?

swatty · 19 November 2008, 07:27 PM

Quote:

Originally Posted by DanP

HELL NO. I dont think anyones going to vote yes on this one huh?

Someone just did

DanP · 19 November 2008, 08:07 PM

Quote:

Originally Posted by swatty

Someone just did

DOH!

toph · 19 November 2008, 07:40 PM

are you mad?

yannis · 19 November 2008, 07:52 PM

Can't see this happening!

walds11 · 19 November 2008, 07:54 PM

No way Jose.

The_Scroop · 19 November 2008, 07:55 PM

The only time they would go bankrupt would be when they make virtually no sales worldwide. This could only happen if there was a worldwide depression.....and that has pretty small chance of happening.
There will always be somewhere or someone in the world buying watches. After all, they are a luxury good....and there are a LOT of rich people out there.

Singslinger · 19 November 2008, 08:00 PM

No chance - unless they've somehow mis-managed their finances...

geoffmalter · 20 November 2008, 03:54 AM

Quote:

Originally Posted by The_Scroop

The only time they would go bankrupt would be when they make virtually no sales worldwide. This could only happen if there was a worldwide depression.....and that has pretty small chance of happening.
There will always be somewhere or someone in the world buying watches. After all, they are a luxury good....and there are a LOT of rich people out there.

Sales is not an issue for Rolex because they make their ADs buy their yearly production. NOW if you're asking if some Rolex ADs might go BK.............

padi56 · 19 November 2008, 08:02 PM

It was a lot worse for most of the Swiss watch industry back in the 1970s when the Japanese Quartz revolution started.Many firms disappeared altogether some amalgamated to survive,But Rolex stuck to what they are best at making mechanical watches they survived that,and they can and will survive this depression.

ArizonaHD · 19 November 2008, 08:45 PM

Quote:

Originally Posted by padi56

It was a lot worse for most of the Swiss watch industry back in the 1970s when the Japanese Quartz revolution started.Many firms disappeared altogether some amalgamated to survive,But Rolex stuck to what they are best at making mechanical watches they survived that,and they can and will survive this depression.

They also introduced what they are worst at, the cellini and the oysterquartz.

teo · 19 November 2008, 08:33 PM

I think before Rolex goes bankrupt, Tag and Omega will go first.

Trurolexer · 19 November 2008, 10:05 PM

no!!!

greenfan · 19 November 2008, 10:10 PM

No, it's the "middle" class that's having problem. And ROLEX watches will always be sold....

DoxaDavid · 20 November 2008, 12:26 AM

Quote:

Originally Posted by greenfan

No, it's the "middle" class that's having problem. And ROLEX watches will always be sold....

To answer the OP's question, No, I think Rolex has very deep pockets and will be fine. They have the resources to weather almost any economic problem.

As to your comment about the world's financial crisis affecting only the "middle class", that is a ridiculous statement without any thought to facts. How can you think this economic climate doesn't affect everyone? I know executives with large salaries who are upper class and now find themselves unemployed, small businesses closing their doors every day, large corporations begging the governments to help keep them afloat, lower class jobs are drying up faster than water in a desert because companies aren't hiring and are cutting low paying jobs to control costs.

Sorry friend but everyone is being affected, not just the middle class. While I'm not an economic professor, this just seems like a simple observation.

cody p · 19 November 2008, 10:25 PM

they survived the 'dirty thirties'. they survived the 'quartz crisis'. they survived...

you get the idea.

ronin7 · 19 November 2008, 10:32 PM

They will be around a long time after we have left this world.there will always be a market for luxury time pieces,and Rolex will always be there to take our hard earned cash

veefour · 19 November 2008, 10:41 PM

No. Not because of the crisis.
But maybe if they keep on designing things like YMII, DSSD, WGSub...

Seriously, the seem to be trying to move more up-market and less mass-production.
Sorry, but with those new models, I won´t be on any list

Wolfgang427 · 19 November 2008, 11:55 PM

Are you kidding me?

LandRoverII · 20 November 2008, 04:18 AM

While this topic is out there. Does anyone know what Rolex's corporate/company status is ???? I was told by someone that its actually held in a Trust. Thats the reasoning for all the international charity and sponsorship of science, Research and conservation programs. Can someone shed some light on this ??

DJF881 · 20 November 2008, 06:49 AM

Rolex is not the sort of company that is facing bankruptcy, because it is not being swallowed by legacy costs like Detroit (In Switzerland, retirement is heavily subsidized by government), and Rolex is not heavily leveraged, like the financial industry players that toppled.

Rolex is not beholden to shareholders and is not publicly traded. If I had to bet, I would bet that it is sitting on a substantial cash cushion, and will not have to alter its business at all.

At worst, it may have to slash R&D, production, and staff at its service facilities, but that probably won't happen short of a Great Depression scenario.

If Rolex somehow ceased to be able to operate independently, the brand is extremely valuable, so it would probably be bought up by some luxury conglomerate or another.

Further, in the 70s, when the Swiss watch industry faltered, it got government bailout help from the Swiss government (I am not sure if Rolex was a recipient of government aid, but the Swatch conglomerate emerged from government stewardship).

The only thing I think that could really cause Rolex to cease to exist would be a decisive global trend against mechanical and luxury watches.

Quicksilver · 20 November 2008, 07:00 AM

Not an impossibility, of course - but highly unlikely. Rolex has a number of extraordinarily valuable assets. The name alone is worth billions.

haakon59 · 20 November 2008, 07:06 AM

I don't think Rolex will go down. Hopefully this downturn is going to be aided by governments all around the world who are coordinating their policies. Has there been a lowering of demand lately for Rolex? Maybe, I haven't heard. But I do feel that Rolex has done an excellent job by making sure that they innovate carefully.

rescue7 · 20 November 2008, 07:15 AM

I voted NO, it's kinda joke that Rolex would even come close to losing money let alone go bankrupt.

Wasn't Rolex SA valued at 5 Billion, my guess is they have a portion of that in land value, and good portion in liquid cash.

Here' proof,

bradleyb · 19 November 2008, 11:57 PM

This is a "no brainer" question.

jdc · 20 November 2008, 03:33 AM

interesting question, any company that does not get it prices right is going to struggle in the present economic climate, even Rolex cannot be bullet proof. It will be interesting to see if prices are adjusted if the recession is long lasting

marcovitale · 20 November 2008, 03:50 AM

NO,+
think of Chinese, Indians or other people of Emerging market who are becoming richier and richier......

View Poll Results: Will Rolex close down in this crisis?
Yes	11	5.37%
No	194	94.63%
Voters: 205. You may not vote on this poll

19 November 2008, 07:20 PM	#1
teo "TRF" Member Join Date: Aug 2007 Location: amk Posts: 792	Will Rolex ever go bankrupt? Will Rolex goes bankrupt in this economic crisis or depression? What you think Rolex watch will worth if the company close down?

19 November 2008, 07:40 PM	#7
toph "TRF" Member Join Date: Apr 2008 Real Name: ChrisTOPHer Location: Sydney Watch: Rolex, Brellum, Posts: 12,601	are you mad? __________________ "Where no counsel is the people fall, but in the multitude of counselors there is safety." Member No.# 11795

19 November 2008, 07:52 PM	#8
yannis "TRF" Member Join Date: Nov 2008 Real Name: Yannis Location: Europe Watch: maniac Posts: 9,070	Can't see this happening! __________________ Rolex Submariner 116610LV \| Tudor 79220N DSSD MEMBERS - OWNERS CLUB

19 November 2008, 07:54 PM	#9
walds11 "TRF" Member Join Date: Jul 2005 Real Name: Adam Location: Philly ‘burbs Posts: 5,660	No way Jose. __________________ Adam

19 November 2008, 07:22 PM	#2
Jimbits76 "TRF" Member Join Date: Sep 2007 Location: UK Posts: 9,407	No. J

19 November 2008, 07:24 PM	#3
swatty 2024 SubLV41 Pledge Member Join Date: Dec 2007 Real Name: Peter Location: Sydney Watch: The Game Posts: 17,415	No, there will always be people like us buying Rolex watches.

19 November 2008, 07:25 PM	#4
DanP Banned Join Date: Apr 2008 Real Name: Dan P Location: Vancouver. Canada Watch: GV-U-Kno-Me :) Posts: 2,436	HELL NO. I dont think anyones going to vote yes on this one huh?

19 November 2008, 07:55 PM	#10
The_Scroop "TRF" Member Join Date: Oct 2008 Real Name: Dom Location: Melbourne Watch: Sub 16610 Posts: 153	The only time they would go bankrupt would be when they make virtually no sales worldwide. This could only happen if there was a worldwide depression.....and that has pretty small chance of happening. There will always be somewhere or someone in the world buying watches. After all, they are a luxury good....and there are a LOT of rich people out there. __________________ - Rolex Daytona White 116520 - Rolex Submariner 16610 - Rolex Datejust II tt w/gold romans - Breitling Chronomat Evolution SS - Omega Seamaster Professional

19 November 2008, 08:00 PM	#11
Singslinger "TRF" Member Join Date: Sep 2008 Location: singapore Posts: 6,424	No chance - unless they've somehow mis-managed their finances...

19 November 2008, 08:02 PM	#13
padi56 "TRF" Life Patron Join Date: Jun 2005 Real Name: Peter Location: Llanfairpwllgwyng Watch: ing you. Posts: 53,062	It was a lot worse for most of the Swiss watch industry back in the 1970s when the Japanese Quartz revolution started.Many firms disappeared altogether some amalgamated to survive,But Rolex stuck to what they are best at making mechanical watches they survived that,and they can and will survive this depression. __________________ ICom Pro3 All posts are my own opinion and my opinion only. "The clock of life is wound but once, and no man has the power to tell just when the hands will stop. Now is the only time you actually own the time, Place no faith in time, for the clock may soon be still for ever." Good Judgement comes from experience,experience comes from Bad Judgement,.Buy quality, cry once; buy cheap, cry again and again. www.mc0yad.club Second in command CEO and left handed watch winder

19 November 2008, 08:33 PM	#15
teo "TRF" Member Join Date: Aug 2007 Location: amk Posts: 792	I think before Rolex goes bankrupt, Tag and Omega will go first.

19 November 2008, 10:05 PM	#16
Trurolexer Banned Join Date: Dec 2007 Location: USA Watch: 5513MaxiI+PreComex Posts: 18,421	no!!!

19 November 2008, 10:10 PM	#17
greenfan "TRF" Member Join Date: Dec 2006 Real Name: George Location: Athens Greece Watch: GMT II 16710 Coke Posts: 1,046	No, it's the "middle" class that's having problem. And ROLEX watches will always be sold.... __________________ $C:\Documents and Settings\George.HOME\My Documents\My Pictures\Rolex$

19 November 2008, 10:25 PM	#19
cody p "TRF" Member Join Date: Jun 2008 Location: Canada Watch: Air-King 114200 Posts: 2,878	they survived the 'dirty thirties'. they survived the 'quartz crisis'. they survived... you get the idea.

19 November 2008, 10:32 PM	#20
ronin7 Member Join Date: Sep 2008 Location: bucks uk Watch: green submariner Posts: 424	They will be around a long time after we have left this world.there will always be a market for luxury time pieces,and Rolex will always be there to take our hard earned cash

19 November 2008, 10:41 PM	#21
veefour "TRF" Member Join Date: Jan 2008 Location: Canary Islands Posts: 520	No. Not because of the crisis. But maybe if they keep on designing things like YMII, DSSD, WGSub... Seriously, the seem to be trying to move more up-market and less mass-production. Sorry, but with those new models, I won´t be on any list __________________ 16800 Matt (1986) Avatar pic by Jocke

19 November 2008, 11:55 PM	#22
Wolfgang427 2024 SubLV41 Pledge Member Join Date: Aug 2006 Real Name: Wolfgang Location: New Jersey. Watch: Rolex Tudor Omega Posts: 5,592	Are you kidding me?

20 November 2008, 04:18 AM	#23
LandRoverII Member Join Date: Apr 2008 Location: St Louis Misssour Posts: 17	While this topic is out there. Does anyone know what Rolex's corporate/company status is ???? I was told by someone that its actually held in a Trust. Thats the reasoning for all the international charity and sponsorship of science, Research and conservation programs. Can someone shed some light on this ??

20 November 2008, 06:49 AM	#24
DJF881 "TRF" Member Join Date: Dec 2007 Location: New York Posts: 248	Rolex is not the sort of company that is facing bankruptcy, because it is not being swallowed by legacy costs like Detroit (In Switzerland, retirement is heavily subsidized by government), and Rolex is not heavily leveraged, like the financial industry players that toppled. Rolex is not beholden to shareholders and is not publicly traded. If I had to bet, I would bet that it is sitting on a substantial cash cushion, and will not have to alter its business at all. At worst, it may have to slash R&D, production, and staff at its service facilities, but that probably won't happen short of a Great Depression scenario. If Rolex somehow ceased to be able to operate independently, the brand is extremely valuable, so it would probably be bought up by some luxury conglomerate or another. Further, in the 70s, when the Swiss watch industry faltered, it got government bailout help from the Swiss government (I am not sure if Rolex was a recipient of government aid, but the Swatch conglomerate emerged from government stewardship). The only thing I think that could really cause Rolex to cease to exist would be a decisive global trend against mechanical and luxury watches.

20 November 2008, 07:00 AM	#25
Quicksilver "TRF" Member Join Date: Jul 2008 Real Name: David Location: London+Guangzhou Watch: ing watches Posts: 2,603	Not an impossibility, of course - but highly unlikely. Rolex has a number of extraordinarily valuable assets. The name alone is worth billions. __________________ Rolex Sea Dweller 116600, GMT Master II 16710 (Pepsi) and 116710 BLNR, Daytona 116500LN, Submariner 14060M.

20 November 2008, 07:06 AM	#26
haakon59 "TRF" Member Join Date: Sep 2006 Location: Seattle Posts: 1,571	I don't think Rolex will go down. Hopefully this downturn is going to be aided by governments all around the world who are coordinating their policies. Has there been a lowering of demand lately for Rolex? Maybe, I haven't heard. But I do feel that Rolex has done an excellent job by making sure that they innovate carefully.

20 November 2008, 07:15 AM	#27
rescue7 Banned Join Date: Nov 2007 Real Name: Rescueguy Location: Here Watch: DSSD Posts: 1,129	I voted NO, it's kinda joke that Rolex would even come close to losing money let alone go bankrupt. Wasn't Rolex SA valued at 5 Billion, my guess is they have a portion of that in land value, and good portion in liquid cash. Here' proof, Attached Images

19 November 2008, 11:57 PM	#28
bradleyb "TRF" Member Join Date: Oct 2008 Location: Maryland Posts: 24	This is a "no brainer" question.

20 November 2008, 03:33 AM	#29
jdc "TRF" Member Join Date: Jan 2008 Real Name: Martin Location: UK Posts: 7,023	interesting question, any company that does not get it prices right is going to struggle in the present economic climate, even Rolex cannot be bullet proof. It will be interesting to see if prices are adjusted if the recession is long lasting

20 November 2008, 03:50 AM	#30
marcovitale "TRF" Member Join Date: Mar 2008 Real Name: marco Location: FIRENZE italy Watch: Rolex 16610 Posts: 12	NO,+ think of Chinese, Indians or other people of Emerging market who are becoming richier and richier......

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