Switzerland
Switzerland is a global powerhouse in luxury jewellery and watchmaking, home to renowned brands and a highly skilled manufacturing sector. For UK jewellers, suppliers, and trade professionals, understanding Switzerland’s influence on design trends, supply chains, and market dynamics is crucial. Jewellery Focus provides coverage on Swiss jewellery and watch brands, trade developments, innovations, and insights into how the country’s expertise shapes the international jewellery industry.
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Dec- 2019 -10 DecemberRetailers
Watches of Switzerland reports 112% increase in profit before tax
Watches of Switzerland has reported a 112% increase in adjusted profit before tax since May 2019. The high-end retailer revealed that group revenues increased by 17.3% to £428.7m with a 10.3% increase in like for like sales growth driven by higher luxury watch sales. In the six months to 27…
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Nov- 2019 -29 NovemberDesigners
Tudor boutique launches in London
The Watches of Switzerland has partnered with Tudor watches to launch a Tudor mono-brand boutique in London. It is the first mono-brand boutique to be launched outside of Asia and the Middle East, and will be sited in the Westfield Shopping centre in Shepherd’s Bush, London. The boutique will feature…
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Oct- 2019 -3 OctoberAppointments
Edinburgh Assay Office’s CEO assumes international chairman role
The Edinburgh Assay Office’s chief executive and master, Scott Walter, will take up the role of chairman of the Convention on the Control and Marking of Articles of Precious Metals (CCMAPM) at the end of November. Walter held previous roles within the Convention sitting on the Standing Technical committee and…
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Aug- 2019 -28 AugustAppointments
Jonathan Payne Joins Hamilton & Inches as managing director
Edinburgh based jewellers and Royal Warrant holders Hamilton and Inches has announced Jonathan Payne as its new managing director to support Victoria Houghton, CEO, and the rest of the team. Payne will bring his luxury retail management expertise he gained from his previous roles to Hamilton and Inches as it…
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14 AugustRetailers
Watches of Switzerland revenues jump 17.8% in Q1
Watches of Switzerland has reported a 17.6% increase in total revenue to £209.4m for the three months to 28 July 2019. The group also saw “strong” like-for-like growth of 10.8% during the period, with sales increasing by 11.5% and 8.7% in the UK and US respectively. During the last three…
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Jul- 2019 -17 JulyRetailers
Watches of Switzerland sees profits surge 181% in FY results
Watches of Switzerland has reported a 181% rise in profits before tax to £20.1m, in its first set of results after the company was floated on the London Stock Exchange. For the year ending 28 April 2019, the group also revealed its revenues surged by 22.5% to £773.5m during the period, and…
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10 JulyRetailers
Watches of Switzerland staff given £1,000 bonus following London IPO
Staff from the Watches of Switzerland Group at stores across the UK and US have been given a £1,000 bonus as a thank you following the company’s float on the London Stock Exchange. Around 2,500 employees from the group’s Mappin and Webb, Goldsmiths and its eponymous Watches of Switzerland stores…
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May- 2019 -22 MayRetailers
Watches of Switzerland seeks £660m valuation in London IPO
Watches of Switzerland said it is seeking a market capitalisation of up to £660m in its upcoming London public listing. According to reports the retailer intends to sell shares in a range of 250-277p as it seeks to pay off some of its debts. The retailer is now focusing on…
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Apr- 2019 -30 AprilEvents
Watches of Switzerland celebrates 100 years in business with Rolex
To celebrate, Brian Duffy, CEO of The Watches of Switzerland Group and Richard de Leyser, managing director of Rolex, hosted an event night at the BALTIC Centre for Contemporary Art to commemorate and thank its “loyal” north east clients and businesses. As part of its centenary year, The Watches of…
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Mar- 2019 -11 MarchRetailers
Emile Chouriet timepieces land in the UK
Mode 9, an international watch distribution company based in London, has secured retail outlets for luxury Swiss watchmakers Emile Chouriet in the UK and ROI. Select timepieces from the brands will be available from Watches of Switzerland outlets; WatchShop.com and The Watch Hut as well D.C. Leake Jewellers. Emile…
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