Rolex- Timeless Luxury Watches

n December 2008, following the abrupt departure of Chief Executive Patrick Heiniger for “personal reasons”, the company denied that it had lost 1 billion Swiss francs (approx £574 million, $900 million) invested with Bernard Madoff, the American asset manager who pleaded guilty to an approximately £30 billion worldwide Ponzi scheme fraud.[8] Rolex SA announced Heiniger’s death on 5 March 2013.

As of 2010 Rolex watches continue to have a reputation as status symbols.

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