The New Patek Philippe Twenty~4 7340/1R Perpetual Calendar

Introduced in 1999, the Twenty~4 collection was Patek Philippe’s first dedicated line of feminine timepieces. The original model featured an Art Deco-inspired manchette (cuff) design, but in 2018, the brand unveiled the Twenty~4 Automatic, which is a round-cased iteration powered by an automatic movement. This year, Patek Philippe elevates the collection further by introducing a perpetual calendar complication, marking the collection's debut in the realm of Grand Complications.
Crafted entirely in 18K rose gold, the watch features a 36mm case with a slender profile of just 9.95mm, making it sit gracefully on the wrist. The case is meticulously finished with a combination of polished and brushed surfaces, enhancing its refined aesthetic. Two dial options are available. The Ref. 7340/1R-001 features a silvery opaline dial with a vertical satin finish, evoking the texture of shantung silk that feature irregular texture, while the Ref. 7340/1R-010 presents an olive green sunburst dial for a more contemporary appeal.

Home

News Is This the End of Carl F. Bucherer Watches at the Hands of Rolex?

The closure decision follows Rolex's acquisition of the Bucherer Group in 2023

ByWaqt

08.02.2025

2 minutes read

Add To Favorite

The Swiss business platform Bilanz reported that Rolex is discontinuing the Carl F. Bucherer brand, which operates under the Hans Wilsdorf Foundation, the owner of Rolex, Tudor, and Bucherer. This decision follows Rolex's 2023 acquisition of the entire Bucherer Group, marking the end of a brand with a 137-year legacy.

The acquisition of Bucherer by Rolex generated a significant media buzz in the world of haute horlogerie, but the bigger stir came after Rolex announced its program for the Certified Pre-Owned Program. Watch enthusiasts began questioning how this would impact the availability of Rolex watches in official brand stores, a topic we have discussed in this article.

Founded in 1888 and family-owned until its sale in 2023, Carl F. Bucherer was one of Switzerland's oldest continuously independent luxury watchmakers. Despite its rich heritage, the brand faced financial challenges. According to industry sources cited by Bilanz, Carl F. Bucherer achieved annual sales between 80 and 100 million Swiss francs at its peak but operated at a consistent loss, with total losses estimated at around 250 million Swiss francs over its history.

Employees have been informed of the closure. The brand's presence in approximately 250 stores worldwide, including 50 operated by Bucherer or its U.S. subsidiary Tourneau, will gradually be phased out or replaced by other brands. This decision affects about 100 employees, with Rolex reportedly working to relocate many within the group. Approximately 70 production staff from the Lengnau facility near Biel may be offered positions at Rolex's new factory in Bulle.

As of now, neither Rolex nor Bucherer has issued an official statement on these developments. The industry continues to monitor how this situation will evolve.

2025