{"id":127798,"date":"2023-12-19T18:17:59","date_gmt":"2023-12-19T17:17:59","guid":{"rendered":"https:\/\/luxus-plus.com\/rolex-france-fined-91-6-million-euros\/"},"modified":"2023-12-19T18:17:59","modified_gmt":"2023-12-19T17:17:59","slug":"rolex-france-fined-91-6-million-euros","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/rolex-france-fined-91-6-million-euros\/","title":{"rendered":"Rolex France fined 91.6 million euros"},"content":{"rendered":"

Rolex France has been ordered by the French competition authority to pay 91.6 million euros for disproportionate online sales conditions imposed on its retailers.<\/h4>\n

<\/p>\n

Rolex France has been fined 91.6 million euros by the French Competition Authority. A court decision handed down on Tuesday December 19 considers the ban on its distributors selling its products online “for more than 10 years” to be excessive.<\/p>\n

 <\/p>\n

Referred to by the Union de la bijouterie horlogerie and the jeweler Pellegrin & Fils, the French competition authority considers in its press release “that the stipulations of the selective distribution contract linking Rolex France to its distributors characterize a vertical agreement restricting competition<\/strong>“.<\/p>\n

 <\/p>\n

The French competition watchdog’s decision is based on “serious” practices<\/strong> that “amount to closing off a marketing channel, to the detriment of consumers and distributors, at a time when online distribution has been booming for luxury products, including watches, over the past fifteen years”.<\/p>\n

Given the duration (over ten years) and the nature of the practices condemned, the French Competition Authority imposed a fine of 91,600,000 euros on Rolex France SAS.<\/strong><\/p>\n

 <\/p>\n

Rolex Holding SA, Rolex SA and the Hans Wilsdorf Foundation<\/strong> are held “jointly and severally liable<\/strong> for payment of the fine.<\/p>\n

 <\/p>\n

A disproportionate clause despite legitimate fears<\/h2>\n

In its defense, Rolex pointed out that it had banned the sale of products online in order to preserve its image and combat counterfeiting.<\/strong><\/p>\n\n<\/p>\n

\t\t

\n\t\t\t
\n\t\t\t\t\t
\n\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t
<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\tTo continue reading this article, create a free account or log in.<\/b><\/a>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
\n\t\t\t\t\t
\n\t\t
\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\r\n
\r\n\r\n\r\n
\r\n\r\n

Create your free account<\/p> \r\n<\/div>\r\n\r\n\r\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\t\t