Rolex SA is the leading luxury watch manufacturer in the world producing over 2,000 watches per day that generate sales of over $7 billion dollars each year. The Swiss based Company manufactures, services and distributes wristwatches under the Rolex and Tudor brand through authorized dealers. It was founded in 1905 by Hans Wilsdorf and Alfred Davis in London, England and was recently ranked 57 on the worlds most powerful brands. The original name of the company was Wilsdorf and Davis. In 1919, operations were relocated to Geneva, Switzerland. The brand today competes with other leading luxury watch companies like Patek Philippe, Omega, and Panerai and sponsors many major sports events in tennis, golf, yachting, and racing.