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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Jul- 2021 -8 JulyLuxury Goods
Watches of Switzerland revenues hit £905m in FY21
Watches of Switzerland has seen its revenue rise by 13.3% to £905.1m in the year ended 2 May, 2021, with revenue up by 17.9% against FY19. Over the same period, its pre-tax profit hit £63.7m, up from the £1.5m reported in FY20, while EBITDA rose by 34.9% to £105.4m. Despite…
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May- 2021 -21 MayLuxury Goods
Watches of Switzerland anticipates profits of £104m
Watches of Switzerland has expected its FY21 pre-tax profits to range between £104m and £107m following a “very robust performance” throughout the year. Group revenue rose 13% to £905.1m from £810.5m, with UK revenue increasing 3.6% despite stores being closed for 26 weeks of the year and “significantly reduced tourism”.…
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17 MayShopping Centres
Via Outlets reopens entire European portfolio
Via Outlets has announced it has reopened all shopping centres in its 11-strong portfolio, with the Zweibrücken Fashion Outlet in Germany opening last week. Not including the company’s Hede Fashion Outlet in Gothenburg, the London-based fashion outlet destination operator’s centres have been partially or completely closed for the majority of…
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Apr- 2021 -23 AprilClothing & Shoes
VF Corporation appoints new executive VP and CFO
VF Corporation has announced the appointment of Matt Puckett to the position of executive VP and CFO. Puckett succeeds Scott Roe who revealed he will retire from the company to pursue other opportunities. In his new role, Puckett will report to the group’s CEO, Steve Rendle, and serve on the…
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Mar- 2021 -30 MarchLuxury Goods
Watches of Switzerland signs lease for new Trafford Centre store
The Watches of Switzerland Group has announced it has signed a new 10-year lease with The Trafford Centre, for a flagship store in a new location, which is expected to open in the summer. The retailer will relocate its Goldsmiths store to The Trafford Centre’s Main Dome on the upper…
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Feb- 2021 -4 FebruaryLuxury Goods
‘Robust’ online sales offset store closures at Watches of Switzerland
Watches of Switzerland has welcomed a period of strong trading in its third quarter ended 24 January 2021, with group revenue up by 6.6% to £272.6m despite the ongoing pandemic. This was bolstered by a “robust” e-commerce performance in the UK, which offset continued store closures throughout the period. UK…
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Dec- 2020 -17 DecemberLuxury Goods
Watches of Switzerland profits soar in H1
Watches of Switzerland has reported an increase in its half-year profits, with profit rising to £36.2m in the 26 weeks ended 25 October, up from a £9m loss reported the prior year. Total sales fell 2.6% on a constant currency basis to £428.7m in light of forced lockdowns and other…
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Oct- 2020 -20 OctoberLuxury Goods
Watches of Switzerland appoints new chairman
Watches of Switzerland has appointed Ian Carter as non-executive chairman of its board, with effect from 1 November. Carter brings 30 years of international and retail experience to the group and, most recently, has been CEO of Hilton International since 2005. He has also served on a number of boards…
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6 OctoberLuxury Goods
Watches of Switzerland raises guidance as sales surge
Watches of Switzerland has announced that revenue for the first 10 weeks of Q2 has been “stronger than expected” at £202.7m, up 20.2% in constant currency and 18.3% in reported terms against the prior year. The group also reported sales to date of £145.1m, up by 12.6% against the prior…
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Sep- 2020 -4 SeptemberPeople Moves
Ebay UK announces new general manager
Ebay has announced that Murray Lambell will lead its UK business as general manager (GM). Lambell has been promoted from his position as vice president of UK trading, where he was responsible for all of Ebay UK’s business to consumer and sales and operations activities. He replaces Rob Hattrell in…
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