Switzerland
This coverage examines Switzerland’s influence on the UK retail landscape, with a focus on Swiss-owned brands, luxury watch and chocolate retail, cross-border trade, import regulations, and consumer preferences. Reporting highlights how Swiss market dynamics, supply chains, and brand strategies intersect with UK retail operations—offering insights for executives, buyers, and professionals managing premium sourcing and international partnerships.
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Sep- 2025 -3 SeptemberLuxury Goods
Watches of Switzerland on track to meet guidance despite tariff woes
Watches of Switzerland (WOS) has revealed it is on track to deliver a “good” H1 FY26 in line with its expectations despite the impact of Donald Trump’s tariffs. The company stated that it saw consistently strong trading throughout the period, particularly in the US despite the announcement of increased tariffs…
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Jul- 2025 -29 JulyPeople Moves
Greggs appoints new non-executive director and audit committee chair
The board of Greggs has appointed Robert Moorhead as an independent non-executive director, effective from 1 October 2025. Moorhead will become chair of the audit committee and join the nominations and remuneration committees. His appointment follows the planned retirement of non-executive director Kate Ferry, who will step down from the…
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11 JulyHigh Street
Läderach opens first UK transport hub store at St Pancras
Swiss chocolatier Läderach has opened its first shop in a UK transport hub at London St Pancras International. The 550 sq ft boutique, which began trading on earlier this month, is the brand’s ninth London location and offers its full range of handcrafted chocolate, including its signature FrischSchoggi (fresh chocolate)…
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3 JulyLuxury Goods
Watches of Switzerland revenues surge to £1.6bn in FY25
Watches of Switzerland group has reported an 8% increase in revenues to £1.6bn for the 52 weeks ended 27 April 2025, as its US business surpassed $1bn (£780m) in annual revenue for the first time. US revenues rose 16%, driven by the acquisition of Roberto Coin Inc, while UK revenues…
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Jun- 2025 -11 JuneEconomy
Women’s Euros to deliver £593m retail boost, report finds
The Women’s Euro 2025 football tournament is expected to deliver a £593.4m boost to UK retail, according to a new report from VoucherCodes.co.uk. The Women’s UEFA Euro 2025 Spending Report forecasts that the event will contribute £851.6m to the UK economy overall. Around 19.7 million fans are expected to watch…
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May- 2025 -15 MayNews-In-Brief
Today’s news in brief-15/5/25
B&M has appointed former Tesco executive Tjeerd Jegen as its new CEO, effective 16 June 2025. Jegen brings 25 years of retail experience from companies including Ahold Delhaize and Woolworths. Chair Tiffany Hall praised his strategic insight and customer-centric approach. Despite a 3.1% drop in UK like-for-like sales to £4.5bn…
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15 MayLuxury Goods
Watches of Switzerland FY revenues hit £1.65bn
Watches of Switzerland has reported an 8% increase in its group revenues to £1.65bn for the 52 weeks to 27 April 2025, after the group saw significant performance improvement in H2, with revenues up 12% to £867m. Meanwhile, in the UK, revenues were up 2% to £866m, while its US…
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Apr- 2025 -14 AprilNews-In-Brief
Today’s news in brief-14/4/25
Currys CEO Alex Baldock has warned of a potential influx of Chinese products into UK and European markets, driven by Donald Trump’s tariffs on Chinese goods. Baldock and other retail executives, including Buy It Direct’s Nick Glynne, expressed concerns that Chinese manufacturers may redirect goods originally destined for the US…
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14 AprilLuxury Goods
Watches of Switzerland set to close 16 showrooms
Luxury watch retailer Watches of Switzerland is reportedly set to close 16 showrooms across the UK, putting 40 jobs at risk, according to the BBC. Watches of Switzerland told the outlet that affected staff from its 709-strong team will be redeployed where feasible, adding that its “priority [was] to support…
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9 AprilLuxury Goods
Michael Kors UK FY revenues fall 20% amid lower demand
Michael Kors UK has seen a 20% reduction in its revenues during the year ended 30 March 2024, following the impact of low consumer confidence. While the brand’s filings at Companies House showed that its turnover decreased from £77.1m to £70.8m in the 12-month period, its pre-tax profits jumped from…
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