Watches of Switzerland
This coverage examines Watches of Switzerland’s operations and performance within the UK luxury watch retail market. Reporting includes store openings and closures, exclusive product launches, brand partnerships, marketing campaigns, omni-channel strategy, and leadership changes — all analysed for their impact on sales, brand prestige, and customer experience. The content is tailored for retail managers, senior buyers, and executives in luxury timepiece retail.
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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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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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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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Feb- 2025 -7 FebruaryLuxury Goods
Watches of Switzerland ‘on track’ amid strong festive performance
Watches of Switzerland has announced it remains “on track” to hit its FY25 targets, as its Q3 performance was in line with its expectations, with “good trading” in the UK and US during the holiday period. For the 13 weeks to 26 January 2025, Watches of Switzerland has seen further…
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Dec- 2024 -5 DecemberNews-In-Brief
Today’s news in brief-5/12/24
Police are investigating stalking and corporate espionage allegations from Boohoo executives, including CEO Dan Finley and co-founder Mahmud Kamani. Reports suggest the executives have been followed and watched in Manchester, London, and Kent, with Kamani allegedly assaulted and ex-CEO John Lyttle encountering trespassers. Surveillance equipment found outside Boohoo’s Manchester office…
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5 DecemberLuxury Goods
Watches of Switzerland profits dip 39% despite revenue surge
Watches of Switzerland has reported a 39% decline in its profit before tax from £67m to £41m despite a 4% increase in revenues to £785m, driven by strong demand in the US. According to the group, its profits were affected by acquisition-related costs and integration efforts. For the 26 weeks…
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Oct- 2024 -4 OctoberNews-In-Brief
Today’s news in brief-4/10/24
Shein is moving ahead with plans for a highly anticipated London IPO, reportedly set to hold informal talks with investors across Europe. According to sources, Shein’s roadshows aim to assess investor interest ahead of regulatory approval from both UK and Chinese authorities. Having confidentially filed for a £50bn float in…
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