Watch industry juggernaut Rolex has been fined €91.6 million ($AU149.2 million) by France’s competition authority for preventing authorised dealers from selling new watches online.
The French competition watchdog said the measure had been disproportionate given other brands had found ways sell online while thwarting counterfeiting – and used Rolex's CPO launch as counterargument.
Rolex Fined €91 6 Million In France Over Online Sales Restrictions menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.