The top seller of Rolex watches in Britain, Watches of Switzerland, reports signs of stability in the premium and luxury watch market in the UK following a post-Covid slump. Despite this stabilization, the company has issued a profit warning due to a lack of 'gold and other precious metal watches.' Shares of Watches of Switzerland surged as the group announced the stabilizing UK market.
🇬🇧 Watches of Switzerland suffers UK slump as Britons cut back on luxury https://t.co/5nU8OTOdOQ
🇬🇧 Watches of Switzerland says UK market ‘stabilising’ https://t.co/KT4HXBj3U0
U.K. luxury watch market has stabilized but top Rolex seller issues profit warning due to lack of "gold and other precious metal watches." https://t.co/9jyfUAiZSY
Watches of Switzerland shares surge as group says U.K. market is stabilizing https://t.co/nQKvtQuOM8 https://t.co/whX7Lv9Pyh
The top seller of Rolex watches in Britain sees signs of stability in the premium and luxury watch market in the UK after a post-Covid slump https://t.co/8YxBS8qlsb via @business @iamandyhoffman #Switzerland
The top seller of Rolex watches in Britain sees signs of stability in the premium and luxury watch market in the UK after a post-Covid slump https://t.co/sqGUD7NLAw