23 January 2026 - acquisition
The retailer of luxury watches and jewellery has announced the acquisition of the US retailer Deutsch & Deutsch, a family owned retailer based in Texas. The company operates four outlets in Texas and these generated revenues of $67m in the year to 31 December 2024. The acquisition expands the group's exposure to the US market and will increase the number of Rolex anchored showrooms in the country to 25. This is clearly good news for the company but the share price has risen strongly recently and we therefore rate the shares a HOLD.
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