Recession? Try a Rolex: Watches of Switzerland revenue up again May 17, 2023 Luxury watch retailer Watches of Switzerland’s revenue rose 22 per cent in the final quarter but the luxury watchmaker warned that there would be a slight sales dip in the first quarter of the next financial year. In the quarter to April, revenue rose 22 per cent to £371m on a reported basis. At constant [...]
Watches of Switzerland revenues tick past £400m as buyers ‘invest in a rational indulgence’ February 9, 2023 Watches of Switzerland has seen its revenues soar in the three months ending 29 January with the group crediting a demand for luxury watches for the sales boost. The UK-based retailer, which stocks Swiss watches such as Rolex and Tag Heuer, brought in revenues of £407m in its third quarter, up 17 per cent from [...]
Bill Ackman invests £48.8m in luxury watchmaker Bremont January 23, 2023 Bill Ackman has bought a minority stake in British luxury watchmaker Bremont after being a loyal customer for many years. The American billionaire hedge fund manager has invested £48.8m alongside Bremont’s current lead investor private equity fund Hellcat, Bremont announced today. With the new investment from Ackman, Bremont is now valued at around £100m. Ackman’s [...]
Watches of Switzerland backs full-year guidance as luxury demand still buoyant December 14, 2022 Watches of Switzerland has said it is sticking to its full-year guidance for 2023 as there continues to be strong demand for luxury watches. In half-year results, the London-listed retailer said revenue from luxury watches made up 87 per cent of group revenue, with sales growth of 31 per cent versus the previous year. Group [...]
Capital People: Meet the Bond Street watch dealer serving Daniel Craig and the uber-rich December 2, 2022 London watch dealer Raj Jain has an interesting backstory, having bought and sold rare, antique and luxury watches in both the UK and Mumbai since the 1980s. An industry stalwart, he has been based in London’s fabulous and famous Bond Street area for almost three decades with a watch shop that’s “like a museum” but [...]
Luxury purchases and Battersea openings help improve outlook for Watches of Switzerland November 9, 2022 Watches of Switzerland has upgraded its outlook for the second half of the financial year, following a significant uptick in the purchase of luxury items. The London-based watch-seller experienced a 30 per cent increase in revenue for its luxury watches to more than £660m up until 30 October. It reported a 23 per cent increase [...]
Watches of Switzerland to open new flagship London Rolex store August 16, 2022 Watches of Switzerland today set out plans to open a new 7,200 square foot flagship Rolex shop in Mayfair after posting strong results for the first half of 2022. The watch seller will relocate its Rolex Boutique from its current 900 square foot premises on Bond Street to new much larger premises down the [...]
Watches of Switzerland hails ‘tremendous’ growth as profits hit £126m July 7, 2022 Boss of luxury goods retailer Watches of Switzerland said it had been a “tremendous” year for the firm today as it reported a 98 per cent jump in pre-tax profits for the full year.
No showing off: The paradox at the heart of British men’s style June 23, 2021 The English have a strange relationship to men’s style. Every gentleman has conflicting voices, a Jeeves and a Wooster on either shoulder: Bertie with his brass-buttoned mess jacket and Old Etonian spats, his valet with an eyebrow raised in polite disapproval. Nowhere better is this duality exemplified than in the British Army. Regiments do everything [...]
9 amazing watches that blew our minds this year December 31, 2020 While many companies have struggled in 2020, the watch industry has proven remarkably resiliant. It has also released some truly stunning pieces that would look at home on the wrist of any self-respecting horology nerd. Here are nine of the very best. Longines Heritage Classic – Tuxedo Longines has been a long-time favourite brand at [...]