Quote:
Originally Posted by Crawford
Rolex announced the new project. It's their new North American HQ.
Yeah, I would definitely prefer a supertall hotel/condo by Stern, but the Rolex tower plan is pretty good.
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I think what JMKeynes is alluding to, is that if we are headed for a recession (and I think we are) Rolex will cancel these plans and keep the current headquarters.
In a major recession luxury watches are one of the first things people cut back on buying, and Rolex could be headed for some lean cut back years themselves as a result.