LONDON: The Watches of Switzerland Group (WOSG) announced the acquisition of Hodinkee, the pre-eminent global digital editorial content provider and gateway for luxury watch enthusiasts. One of the Group’s stated Long Range Plan objectives is to leverage existing growth opportunities by growing sector leadership online, and this acquisition will further enhance the Group’s ability to capture market…
All posts tagged Watches of Switzerland
Watches of Switzerland shares soar as it reports strong Q2 results and upbeat outlook
LONDON: Watches of Switzerland, a leading retailer of premium Swiss watches, has raised its full-year revenue guidance and revealed an ambitious long-term growth plan, after delivering a solid performance in the second quarter. The company’s shares jumped 10.6% to £576.00 on Tuesday morning, as it announced that its Q2 revenue increased by 1.3% year-on-year to…
Watches of Switzerland acquires four new showrooms for £31.7mn
LONDON: The Watches of Switzerland Group has entered into an agreement with Fraser Hart Limited to purchase four luxury watch and jewellery showrooms trading under the brand name Fraser Hart for £31.7 million. The showrooms in Stratford, Brent Cross, Kingston and York will expand the Group’s UK store portfolio in strategic locations that align with…