20-03-2020, 09:11 PM
(20-03-2020, 08:18 PM)pianist Wrote: https://sg.yahoo.com/finance/news/rolex-...41044.html
Rolex shuts plants, seems gloomy for hour glass as a whole
We have to bear in mind that THG normally holds at least 6 months' of inventory and a large cash reserve (31Dec19 : net cash reserve was in excess of $150.0m), which allows the group to take full advantage of discounts and supply promotions as and when the Swiss suppliers offer them.