Connect with us

Headlines

Rolex, Patek Philippe Postpone New Releases Indefinitely Due to COVID-19

The delays reportedly could last through the end of the year.

mm

Published

on

Both Rolex and Patek Philippe are holding off on the release of new products for now due to the COVID-19 pandemic, according to the Robb Report.

In both cases, the delays reportedly could last through the end of the year.

Rolex had planned to unveil new products at the end of the April, given the cancellation of Baselworld, which had been scheduled for March.

At this point, “we have not currently identified new timing for our releases,” the company was quoted stating.

“Our priority at this time is to stand by the people with whom we work and to bring help and support in the best way possible.”

The Robb Report explains that Patek Philipp has not made a formal statement.

Advertisement

Whether the brands decide to release their new products at Baseworld 2021 or in some other format could determine whether the troubled trade show survives, the website notes.

Both Rolex and Patek Philippe have temporarily shut down manufacturing operating in response to the pandemic.

Read more at the Robb Report

Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at [email protected].

Advertisement

SPONSORED VIDEO

Celebrate Your Retirement with Wilkerson

For nearly three decades, Suzanne and Tom Arnold ran a successful business at Facets Fine Jewelry in Arlington, Va. But the time came when the Arnolds wanted to do some of the things you put off while you’ve got a business to run. “We decided it was time to retire,” says Suzanne, who claims the couple knew how to open a store, how to run a store but “didn’t know how to close a store.” So, they hired Wilkerson to do it for them. When she called, Suzanne says Wilkerson offered every option for the sale she could have hoped for. Better still, “the sale exceeded our financial goals like crazy,” she says. And customers came, not only to take advantage of the going-out-of-business buys and mark-downs, but to wish a bon voyage to the beloved proprietors of a neighborhood institution. “People were celebrating our retirement, and that was so special,” says says.

Promoted Headlines

Most Popular