Rolex Plans Major $1 Billion Expansion in Switzerland: Report
- New watch-making facility in Bulle could create 2,000 jobs
- Broadcaster RTS says deal expected to be signed next month
A Rolex SA building in Frankfurt, Germany.
Photographer: Alex Kraus/BloombergRolex SA, the biggest Swiss luxury watchmaker, is planning a major new production facility in Bulle, Switzerland, public broadcaster RTS reported.
Rolex could invest 1 billion Swiss francs ($1.04 billion) in the manufacturing operation that would create about 2,000 new jobs, RTS reported citing officials from the canton of Fribourg.