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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Oct- 2024 -4 OctoberLuxury Goods
Watches of Switzerland acquires Hodinkee
The Watches of Switzerland Group has announced the acquisition of Hodinkee, a US digital content provider for watch enthusiasts. With a history of stewarding brands, the Watches of Switzerland Group aims to utilise its leadership role in the industry to further Hodinkee’s mission in sharing “engaging, educational and entertaining” watch…
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Sep- 2024 -3 SeptemberLuxury Goods
Watches of Switzerland on track to deliver FY25 guidance
Watches of Switzerland has stated that trading for the first 18 weeks of the financial year has been in line with its expectations and that the group is on track to deliver its FY25 guidance as it makes progress against its Long Range Plan. Demand for its key luxury brands,…
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Jun- 2024 -27 JuneNews
Today’s news in brief-27/6/24
Currys reported a 10% rise in adjusted profit-before-tax to £118m for the year ending 27 April 2024, despite a 2% drop in like-for-like revenue in the UK and Ireland and a 16% decrease in adjusted EBIT to £142m. The company attributed its improved EBIT, which was up over £2m when…
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27 JuneLuxury Goods
Watches of Switzerland EBITDA falls 11% amid 2% rise in group revenues
Watches of Switzerland has reported a 11% decline in adjusted EBITDA amid a 2% rise in group revenues to £1.5bn at constant currency for the 52 weeks ended 28 April 2024. Its US sales increased 11% to £692m, while its UK and Europe sales dipped by 5% to £846m, impacted…
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May- 2024 -16 MayNews
Today’s news in brief-16/5/24
Natura and Co is considering separating from Avon after experiencing a significant increase in losses during the first quarter. The group’s net loss rose by 43.3% to BRL934.9m (£143.6m), compared to BRL652m (£100m) the previous year, while sales declined by 5.7% to BRL6.1bn (£937m). Avon International’s sales fell by 13.1%…
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16 MayLuxury Goods
Watches of Switzerland Q4 sales rise 4%
Watches of Switzerland has seen its group revenues jump 4% up to £380m for the 13 weeks ended 30 April. The company saw its US sales rise 6% to £846m but its UK and Europe sales dropped 5% to £846m “impacted by macroeconomic conditions in the UK”. It has stated…
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9 MayNews
Today’s news in brief-9/5/24
Frasers Group is reportedly finalising a deal to become the new partner of struggling retailer Ted Baker following the collapse of its previous UK licensing partner, No Ordinary Designer Label (NODL). Sources indicate an agreement with NODL’s administrators could be reached in the coming days. This move would add Ted…
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9 MayLuxury Goods
Watches of Switzerland acquires Roberto Coin
Watches of Switzerland Group has signed and completed the acquisition of the entire share capital of Roberto Coin Inc. for a total cash consideration of $130m (£104.2m) Roberto Coin S.p.A., founded in the Italian city of Vicenza, designs and manufactures delicately handcrafted jewellery with a unique ruby signature under the…
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Feb- 2024 -16 FebruaryLuxury Goods
The Watches of Switzerland opens Tag Heuer in London Gatwick
The Watches of Switzerland Group has announced the opening of a new Tag Heuer boutique in London Gatwick, South Terminal. The single floor boutique, which has been designed to “the highest luxury specification” in conjunction with the brand’s interior design team, will stock a range of men’s and women’s luxury…
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8 FebruaryNews
Today’s news in brief-8/2/24
Farfetch has appointed Akshay Navle as a new director amidst shareholder discontent following the company’s sale to Coupang. Navle, who had previously served as chief product officer at Deliveroo and co-founded Maple, brought valuable experience to the company. Farfetch’s decision to remain silent on shareholder concerns hinted at ongoing turbulence.…
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