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Rolex Penalized with €91.6 Million EURO Fine for Restricting Online Sales – The Luxury Lifestyle Magazine
Swiss luxury watchmaker Rolex has encountered a substantial fine of €91.6 million EUR for imposing a decade-long ban on the online sale of its products by authorized distributors, as per France’s Haute Autorité de la Concurrence. The national competition regulator deemed the prohibition on Rolex’s digital sales as “serious” and detrimental to both consumers and distributors. It highlighted that the luxury watch brand’s restrictive policy effectively shut down a significant commercial avenue, especially considering the upward surge of online distribution in the luxury goods sector, including watches, over the past 15 years. Rolex had previously defended the ban, citing concerns about protecting its products from counterfeiting. However, the board disapproved…
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The 2024 BMW XM: A Promising yet Perplexing Luxury SUV – The Luxury Lifestyle Magazine
The arrival of the 2024 BMW XM, a robust 738-horsepower hybrid SUV, triggered my intrigue but left me pondering its finer nuances after an immersive encounter that was both enlightening and puzzling. Navigating the vibrant roads outside Greenville, South Carolina, aboard the opulent $191,895 BMW XM Label, I was immersed in its grandeur yet perturbed by an unsettling resonance seeping through the cabin on uneven surfaces. Despite its elevated status as a luxury vehicle, the disconcerting vibrations left a lingering dissonance. Amidst initial reservations surrounding the launch of BMW M’s colossal and avant-garde SUV, I refrained from swift judgment. Inclined towards reserving opinions on BMW designs that often grow on…