The company formerly known as The Watch Gallery (and DM London before that) is now wholly owned by Swiss luxury jewellery and watch giant Bucherer.
The business was acquired in March 2017 for an undisclosed price, and began trading under the Bucherer banner from October.
Prior to the acquisition being announced, the 2016-17 financial year was already exceptional with sales increasing by 34% to £73.7 million and operating profit increasing by 148% to £5.65 million.
The business could hardly have been better placed to take advantage of the flood of high-spending tourists who hit London after Brexit crashed the pound.
It runs the Wonder Room for fine watches in London’s Selfridges, it has the largest monobrand Rolex boutique in the UK located in Knightsbridge, and two stores — now branded as Bucherer — in Covent Garden and the Westfield shopping centre in West London.
Bucherer.com is also the second largest online retailer of luxury Swiss watches, behind only Watches of Switzerland for web traffic, according to measurement service Similarweb.
VITAL STATISTICS
Turnover: £ 73.7 million (+36%)
Operating Profit: £5.65 million (+148%)
Doors (Feb 2017): 4
