Quote:
Originally Posted by VanessaInc
Doesn't the use of gold offset the charity?
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Quote:
Originally Posted by VanessaInc
La semana pasada quería comprarme un reloj nuevo porque me habían ascendido en el trabajo y me merecía un premio. Lo busqué en Google y escribí en el buscador . Lo primero que me apareció fue una basura y al final terminé comprándolo en una web que ofrecía muy buen precio y un envío rápido. Muy contento con la compra y la verdad que es un pepino de reloj.
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This is a English language forum.
The name Rolex came from the phrase “Horologies D Excellence” meaning “watch making of excellence.” The name Rolex was easy to pronounce in any European language and was short enough to fit on the dial of the watches.
Rolex is a foundation and cannot be owned, bought or sold to anyone for any price. The company is set up in such a way that it continuously perpetuates its existence through properly allocated funds into research and development but they do still make a large profit just like any other business to survive.
Hans Wilsdorf, the founder of Rolex, was orphaned at age 12,he spent the rest of his teenager years in an orphanage. He later began to work for a watch exporter in Switzerland,then went on to found RWC now just Rolex as we know it today.
Hans Wilsdorf and his wife owned orphanages in Switzerland and donated profits of the company to various charities and orphanages. To this day a large share of the profits go to charities and the Rolex Awards for Enterprise but they still make a profit .