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Watches of Switzerland Dives as Watch Shoppers Retreat

Watches of Switzerland Dives as Watch Shoppers Retreat

Shares of Watches of Switzerland Group Plc slumped nearly 30 percent after the top seller of Rolex watches in the UK cut its sales and growth forecasts, blaming volatile demand and a shift in luxury spending habits. The company, also a major luxury watch and jewellery dealer in the US, said holiday sales were volatile...