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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Oct- 2020 -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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Aug- 2020 -13 AugustLuxury Goods
Watches of Switzerland returns to growth
Watches of Switzerland has reported that full-year revenue rose by 5.9% to £819.3m in the period ended 26 April, 2020. Before lockdown, the group reported “strong” trading during the 46 weeks to 15 March, with group revenue soaring by 15.8%. Revenue was up by 9.4% across UK operations, and its…
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May- 2020 -14 MayLuxury Goods
Watches of Switzerland reports 5.9% increase in revenues in Q1 results
Watches of Switzerland has reported a 5.9% increase in group revenues to £819.3m in the year to 26 April, ahead of recently revised guidance. In the 46 weeks to 15 March 2020, group revenue increased by 15.8% across both the UK, which was up by 9.4% and the US, which…
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Feb- 2020 -20 FebruaryAdvice
Boeing’s tanks fuel new concerns, house prices on the up, Lloyds in the doldrums, hazardous chemicals a pest in poorer countries
Boeing’s faulty plane woes have worsened after ‘foreign object debris’ (FOD) was found in the fuel tanks of two ground 737 Max aircraft – that’s the model that has had two fatal crashes and become the subject of Congressional investigation in the United States. The manufacturer had to ground the…
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Dec- 2019 -10 DecemberLuxury Goods
Watches of Switzerland reports 112% increase in profit before tax
Watches of Switzerland has reported a 112% increase in adjusted profit before tax since May 2019. The high-end retailer revealed that group revenues increased by 17.3% to £428.7m with a 10.3% increase in like for like sales growth driven by higher luxury watch sales. In the six months to 27…
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Aug- 2019 -5 AugustComment
Spotlight: Retailers defying the high street doom and gloom
Joules British clothing retailer Joules has continued to defy the high street gloom over the past two years, and so far has not buckled under the pressures of ‘brexit uncertainty’ and the shift in consumer tastes and trends. Originally established as Joule & Sons in 1977 by Ian Joule, the…
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Jul- 2019 -17 JulyHigh Street
Nine retailers to open on Broadgate development
Nine retailers are set to open stores on the Broadgate development just outside Liverpool Street Station. Chocolatier, Charbonnel et Walker is returning to the area, and clothing retailer Gant is also opening its first ever east London store. The stores will be joined by skincare brands Kiehl’s, Neom and The…
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17 JulyLuxury Goods
Watches of Switzerland sees profits surge 181% in FY results
Watches of Switzerland has reported a 181% rise in profits before tax to £20.1m, in its first set of results after the company was floated on the London Stock Exchange. For the year ending 28 April 2019, the group also revealed its revenues surged by 22.5% to £773.5m during the…
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May- 2019 -10 MayLuxury Goods
Kerring to pay €1.25bn in Italian tax settlement dispute
Luxury fashion giant Kerring has agreed to pay a total of €1.25bn (£1.07bn) to the Italian Revenue Agency relating to claims over alleged tax evasion, in relation to its Swiss subsidiary Luxury Goods International (LGI). It comes after Swiss prosecutors opened an investigation into luxury fashion group in March last…
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