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Sales for the 13 weeks to August 1 doubled compared to last year and were 46% up over the same period in pre-pandemic 2019.
Watches of Switzerland Group CFO says rising gold prices and currency movements of the US dollar and Swiss franc were reasons why watches from Rolex and others could become more expensive this year.
$6.8 million of furlough cash and a £45 million Coronavirus Large Business Interruption Loan Scheme facility will both be repaid to the Treasury.
Transatlantic group powers through covid-affected year with revenues rising to £905 million.
The Watches of Switzerland Group will manage the new showroom on Buchanan Street.
DOXA’s revival under CEO Jan Edöcs takes a leap forward today with news that its watches will be sold online and in stores at Watches of Switzerland in the UK and United States.
Fresh store concept, which will start rolling out from Autumn this year, draws heavily from the style of Mayors in Florida, which WoSG acquired in 2017.
Revenue of £272.6 million for the Christmas and New Year trading period might have been even higher if the group could get its hands on more watches, particularly from Rolex.
UK's largest luxury watch and jewellery retailer adopts Vee24 virtual consultation solution.
Rising sales, profits and liquidity headroom prompt CEO Brian Duffy to announce the group is planning to repay covid support finance.