Watches of Switzerland Group’s half-year results aren’t due until December but on Tuesday the company delivered a trading update for the first 18 weeks of its financial year and seems to be getting back on a track after an earlier downturn for the once-seemingly-unstoppable retailer. David Yurman It said that trading has been in line...
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Tag: Watches of Switzerland
Is time up for Watches of Switzerland shares?
Image source: Getty Images Many investors may say the clock may be ticking on Watches of Switzerland (LSE:WOSG) shares as an attractive investment. This luxury watch retailer has seen its share price plummet nearly 38% over the past year, significantly underperforming both its industry peers and the broader UK market. But does this present a...
David Yurman in UK debut with Watches of Switzerland
US jeweller David Yurman has forged a partnership with Watches of Switzerland Group (WOSG) that will see the American brand’s products sold in the UK via WOSG’s Mappin & Webb Regent Street store and online. David Yurman It’s a key step in Yurman’s global expansion plan and starts in July when the Mappin & Webb...
Watches of Switzerland Opens Latest Multibrand Showroom in Midtown Manhattan
Watches of Switzerland continues to expand its retail network in the U.S. with the opening of its latest multibrand showroom on the East Coast. The newly opened boutique is located at the base of One Vanderbilt, one of Midtown Manhattan’s tallest office towers, which stands 73 stories high at the corner of 42nd Street and...
Watches of Switzerland says UK sales continue to be hit by tourist tax – TheIndustry.fashion
Rolex retailer Watches of Switzerland has said its UK sales continue to be impacted by “minimal return” from tourist spending due to a lack of VAT-free shopping. However, the group, which also owns the Goldsmiths and Mayors jewellery chains, said it was “cautiously optimistic” about trading over the next year as it posted a growth...
Watches of Switzerland buys Roberto Coin jewellery brand for £104m – TheIndustry.fashion
Watches of Switzerland has snapped up Italian jewellery brand Roberto Coin in a deal worth $130 million (£104 million). Shares in the London-listed retail group lifted after it confirmed the deal, which comes amid a strategy to grow the luxury branded jewellery operation. The group, which also owns the Goldsmiths and Mayors jewellery chains, said...
Americans Adore Fine Jewelry, and Watches of Switzerland Wants In
LONDON — Signaling the dynamism in the branded fine jewelry market, Watches of Switzerland Group has acquired 100 percent of Roberto Coin Inc. for $130 million. The group said the acquisition represents “a significant milestone” in its stated aim of accelerating growth in the sizzling hot branded fine jewelry category in the U.S., and “step...
Watches of Switzerland Group to buy Roberto Coin’s US ops
Italian jewellers are clearly in fashion. Just a day after Richemont announced it’s buying Vhernier, UK-based Watches of Switzerland Group had its own big news — it’s buying Roberto Coin Inc (the American arm of the Italian brand) for $130 million. Roberto Coin It said it’s a “significant milestone in the group’s luxury branded jewellery...