Antitrust authorities both in Europe and Switzerland have removed any hurdle to Rolex buying its largest retailer, Bucherer.

Bucherer last August had agreed to sell itself to Rolex, a choice made by owner Jörg Bucherer in the absence of direct descendants, according to a Rolex press release.

Following the approval of the European Competition Authorities, the Swiss Competition Commission (COMCO) said this week it had also green-lighted the Bucherer buyout. There is no stipulation to the approval, a spokesperson for COMCO said.

Jörg Bucherer passed away last November. He was the last businessman to personally know Rolex founder Hans Wilsdorf and work with him.