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GerardoG · 13 December 2017, 07:16 AM

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!!!!!

sensui · 13 December 2017, 07:31 AM

Nice update. Thanks Gerardo.

superstarmar · 13 December 2017, 07:33 AM

Awesome update G !!!
Mucho appreesh....

BNA/LION · 13 December 2017, 07:33 AM

Great information!

Vivalas · 13 December 2017, 07:34 AM

Wow - that’s a surprise.

GerardoG · 13 December 2017, 07:40 AM

Quote:

Originally Posted by sensui

Nice update. Thanks Gerardo.

You are welcome

Quote:

Originally Posted by superstarmar

Awesome update G !!!
Mucho appreesh....

De nada

Quote:

Originally Posted by BNALION

Great information!

New players in the US high-end marketplace...

Quote:

Originally Posted by Vivalas

Wow - that’s a surprise.

It is. So now, they are in FL, Atlanta AND Vegas....

Shaky · 13 December 2017, 07:53 AM

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

Bushido · 13 December 2017, 07:56 AM

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.

Fleetlord · 13 December 2017, 07:56 AM

Business as usual. Don't expect discounts

Chewbacca · 13 December 2017, 07:58 AM

the trusted sellers are succeeding with their plan to destroy all AD's.

kudos!

no i'm not.

seriously.

Alexwwjd · 13 December 2017, 08:24 AM

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

rod727 · 13 December 2017, 08:53 AM

Sounds like a good deal....let someone else focus on retail

Jocke · 13 December 2017, 08:55 AM

So next question is: Will there be a new limited Rolex WofS model now?

droptopman · 13 December 2017, 08:56 AM

Thanks G. Lol we are only 4 months and a couple weeks away to see it in person.

GerardoG · 13 December 2017, 09:04 AM

Quote:

Originally Posted by Shaky

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

It is a very interesting move IMHO....

Quote:

Originally Posted by Bushido

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.

Enjoy your visit!

Quote:

Originally Posted by Fleetlord

Business as usual. Don't expect discounts

That is for sure!

Quote:

Originally Posted by Chewbacca

the trusted sellers are succeeding with their plan to destroy all AD's.

kudos!

no i'm not.

seriously.

Quote:

Originally Posted by Alexwwjd

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

Ohhhh it will!!!!!!

Quote:

Originally Posted by rod727

Sounds like a good deal....let someone else focus on retail

VERY smart! Let them do it while you still own the majority. WIN-WIN-WYNN!!!!!

Quote:

Originally Posted by Jocke

So next question is: Will there be a new limited Rolex WofS model now?

Quote:

Originally Posted by droptopman

Thanks G. Lol we are only 4 months and a couple weeks away to see it in person.

YES!!!!!

Boaters · 13 December 2017, 10:16 AM

Thanks so much for the news much appreciated!

Danny83 · 13 December 2017, 10:21 AM

G have you been talking to Steve Wynn again

One Ping Only · 13 December 2017, 10:24 AM

Very interesting.

Thanks for the info Gerardo!

GerardoG · 13 December 2017, 10:53 AM

Quote:

Originally Posted by Boaters

Thanks so much for the news much appreciated!

Quote:

Originally Posted by Danny83

G have you been talking to Steve Wynn again

(now, clean computer screen.....good one, D!)

Quote:

Originally Posted by One Ping Only

Very interesting.

Thanks for the info Gerardo!

Anytime!

Gharddog03 · 13 December 2017, 11:00 AM

THANKs G

GerardoG · 13 December 2017, 02:38 PM

Quote:

Originally Posted by Gharddog03

THANKs G

Bruin Watch · 13 December 2017, 04:26 PM

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.

swatty · 13 December 2017, 04:47 PM

Thanks for the update Gerardo

GerardoG · 13 December 2017, 10:55 PM

Quote:

Originally Posted by Bruin Watch

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.

The expertise of the new owner in the retail industry is impressive. Vegas boutique is a prime location, I am sure there will be great things happening. Excited about our upcoming GTG

Quote:

Originally Posted by swatty

Thanks for the update Gerardo

Rolex addict · 13 December 2017, 11:04 PM

Thanks for the update! Are they still going to host us during the Vegas GTG?

GerardoG · 13 December 2017, 11:29 PM

Quote:

Originally Posted by Rolex addict

Thanks for the update! Are they still going to host us during the Vegas GTG?

Worry not, my friend. Plans for ‘18 started months ago. We WILL have fun!

BBL · 13 December 2017, 11:44 PM

Quote:

Originally Posted by GerardoG

Worry not, my friend. Plans for ‘18 started months ago. We WILL have fun!

If I could only find a way to attend....

Looks unattainable.....

G - you are treasure trove of info!

locutus49 · 13 December 2017, 11:46 PM

Amazing update. Thanks for the info.

GerardoG · 14 December 2017, 12:18 AM

Quote:

Originally Posted by BBL

If I could only find a way to attend....

Looks unattainable.....

G - you are treasure trove of info!

...never say never. Where there is a will, there is a way

Quote:

Originally Posted by locutus49

Amazing update. Thanks for the info.

amh · 14 December 2017, 12:59 AM

They'll have "fresh ideas" to increase sales?

Will they actually get new stock?

13 December 2017, 07:16 AM	#1
GerardoG Banned Join Date: Oct 2005 Real Name: Gerardo Location: Here Watch: ALL of them Posts: 32,098	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, 07:33 AM	#4
BNA/LION 2024 SubLV41 Pledge Member Join Date: May 2011 Real Name: Larry Location: San Diego, CA Watch: ROLEX Posts: 25,658	Great information! __________________ ✦ 28238 President DD 18K/YG ✦ 16610LN SS Sub ✦ 16613 18K/SS Serti ✦ 16550 Exp II Non-Rail Cream Dial ✦ Daytona C 116500 ✦ 126710 BLRO GMT-Master II ✦ NEXT-->? ⛳ Hole In One! 10/3/19 DMCC 5th hole, par 3, 168 yards w/ 4-Iron.

13 December 2017, 08:55 AM	#13
Jocke 2024 SubLV41 Pledge Member Join Date: Apr 2006 Real Name: Jocke Location: Sweden Watch: A dozen of Rolex's Posts: 22,541	So next question is: Will there be a new limited Rolex WofS model now? __________________ This message is written in perfect swenglish. What is best a custom Rolex or a Rolex that is stuck in custom? Buy a professional camera and you´re a professional photographer, buy a flute and you own a flute.

13 December 2017, 08:56 AM	#14
droptopman "TRF" Member Join Date: Jun 2015 Real Name: Mark Location: Washington State Watch: SUBS and GMT's! Posts: 9,664	Thanks G. Lol we are only 4 months and a couple weeks away to see it in person. __________________ Judge Smails: Ty, what did you shoot today? Ty: Oh, Judge, I don't keep score. Judge Smails: Then how do you measure yourself with other golfers? Ty: By height.

13 December 2017, 10:24 AM	#18
One Ping Only "TRF" Member Join Date: Oct 2012 Real Name: Ken Location: WI Watch: several Posts: 1,639	Very interesting. Thanks for the info Gerardo! __________________ I have far too many expensive hobbies to even consider another one.

13 December 2017, 07:31 AM	#2
sensui 2024 Pledge Member Join Date: Jan 2016 Location: San Diego, CA Posts: 12,446	Nice update. Thanks Gerardo.

13 December 2017, 07:33 AM	#3
superstarmar Banned Join Date: Jun 2015 Location: In Motion Watch: my wrist presence Posts: 7,436	Awesome update G !!! Mucho appreesh....

13 December 2017, 07:34 AM	#5
Vivalas "TRF" Member Join Date: Jun 2013 Real Name: Stephen Location: UK Watch: AP Posts: 2,646	Wow - that’s a surprise.

13 December 2017, 07:53 AM	#7
Shaky "TRF" Member Join Date: Jun 2016 Location: UK Posts: 1,125	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
Bushido "TRF" Member Join Date: May 2016 Location: Pacific Northwest Posts: 512	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.

13 December 2017, 07:56 AM	#9
Fleetlord 2024 Pledge Member Join Date: May 2013 Location: Vain Posts: 6,023	Business as usual. Don't expect discounts

13 December 2017, 07:58 AM	#10
Chewbacca Banned Join Date: May 2012 Real Name: CJ Location: Kashyyyk Watch: Kessel Run Chrono Posts: 21,112	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
Alexwwjd "TRF" Member Join Date: May 2009 Real Name: Alex Location: Texas Watch: Out!!! Posts: 2,352	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, 08:53 AM	#12
rod727 "TRF" Member Join Date: Nov 2014 Location: U.S Watch: Submariner 116610 Posts: 659	Sounds like a good deal....let someone else focus on retail

13 December 2017, 10:16 AM	#16
Boaters 2024 Pledge Member Join Date: May 2015 Real Name: Mike Location: Pacific Northwest Watch: 116610LV 16710 SD Posts: 10,653	Thanks so much for the news much appreciated!

13 December 2017, 10:21 AM	#17
Danny83 2024 ROLEX DATEJUST41 Pledge Member Join Date: Sep 2013 Real Name: Danny Location: Bay Area CA Watch: Yellow Gold Posts: 20,314	G have you been talking to Steve Wynn again

13 December 2017, 11:00 AM	#20
Gharddog03 "TRF" Member Join Date: Dec 2009 Real Name: Genaro Location: Fresno Ca. Watch: R O L E X Posts: 4,466	THANKs G

13 December 2017, 04:26 PM	#22
Bruin Watch "TRF" Member Join Date: Jul 2009 Location: LAX DFW Watch: RolexOmegaCartier Posts: 812	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
swatty 2024 SubLV41 Pledge Member Join Date: Dec 2007 Real Name: Peter Location: Sydney Watch: The Game Posts: 17,415	Thanks for the update Gerardo

13 December 2017, 11:04 PM	#25
Rolex addict Banned Join Date: Oct 2014 Real Name: The Enabler Location: South Cackalacky Watch: me crash my bike Posts: 5,564	Thanks for the update! Are they still going to host us during the Vegas GTG?

13 December 2017, 11:46 PM	#28
locutus49 Banned Join Date: May 2014 Real Name: John Location: La Jolla, CA Watch: Platona Posts: 12,194	Amazing update. Thanks for the info.

14 December 2017, 12:59 AM	#30
amh "TRF" Member Join Date: Oct 2008 Location: Tejas Watch: Various Posts: 5,082	They'll have "fresh ideas" to increase sales? Will they actually get new stock?

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