Watches of Switzerland news and archive

Watches of Switzerland expands US presence with Deutsch & Deutsch acquisition

The UK-based luxury watch specialist Watches of Switzerland Group (WOSG) has announced the completion of its acquisition of Deutsch & Deutsch, a family-owned jewelry and timepiece retailer based in Texas. Operating since the 1920s, Deutsch & Deutsch is an authorized distributor for several high-end brands, including Rolex, Cartier, Omega, Tudor,...

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Watches of Switzerland delivers H1 revenues increase of 10 percent

The Watches of Switzerland Group PLC announced a strong first-half performance for fiscal year 2026, delivering 10 percent growth in Group revenue at constant currency to 845 million pounds, with statutory profit before tax surging 50 percent to 61 million pounds. The primary engine of this growth was the robust U.S. market, where revenue jumped...

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Watches of Switzerland maintains fiscal 2026 outlook

Watches of Switzerland reports a strong performance for the 18 weeks ending August 31, 2025, with results in line with fiscal year 2026 expectations. The company experienced robust trading, particularly in the U.S., despite the announcement of new tariffs on Swiss imports. The UK luxury market has also remained stable, contributing to solid...

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Watches of Switzerland Group FY25 revenue rises amidst US growth

Watches of Switzerland Group PLC has reported a revenue of 1.7 billion pounds for the 52 weeks ended April 27, 2025, marking an 8 percent increase year-on-year at constant currency, with 16 percent growth in the US and 2 percent in the UK. This performance was significantly bolstered by an improved trading performance in the second half of the...

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Watches of Switzerland FY25 bolstered by return to growth in H2

Watchmaking specialist Watches of Switzerland (WOS) reported an improvement in financial performance for fiscal year 2025, during which it returned to growth in the second half of the year in both the UK and US. Group revenue rose 8 percent in constant currency compared to FY24, reaching 1.65 million pounds. This was bolstered by a 16 percent...

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Watches of Switzerland to close 16 showrooms, dozens of roles at risk

The Watches of Switzerland (WOS) Group has confirmed to the BBC that it is planning on closing 16 of its showrooms, putting “dozens” of roles at risk. The company, which is partnered with the likes of Rolex, Omega, Cartier and TagHeuer, said 40 people were “expected to leave the business”, with some staff to also be redeployed. In a statement to...

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Watches of Switzerland reaffirms FY25 guidance on strong Q3

Watches of Switzerland, the UK's leading retailer of Rolex and Omega watches, reported that third-quarter holiday trading in both the UK and US met expectations, reaffirming its full-year 2025 guidance. The company noted continued strong demand for key luxury brands, especially those on waitlists, exceeding supply in both markets. The UK market...

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Watches of Switzerland snaps up editorial platform Hodinkee

The Watches of Switzerland (WOSG) has set its sights on an expanded audience through the acquisition of Hodinkee, an editorial content provider for luxury watch enthusiasts. The move builds on an ongoing Long Range Plan at the group, which aims to “leverage existing growth opportunities by growing sector leadership online”. This latest...

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Watches of Switzerland's FY24 revenues up but profit drops

Watches of Switzerland revenue of 1,538 million pounds, increased 2 percent at constant currency for the full year, and remained flat at reported rates, while the company reported a 40 percent decline in annual pre-tax profit to 92 million pounds. The company expects FY25 revenues to be in the range of 1.67 to 1.73 billion pounds, growth of 9 to...

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Watches of Switzerland Q4 sales rise, "cautiously optimistic" about FY25

In the fourth quarter, revenue of 380 million pounds at Watches of Switzerland increased 4 percent at constant currency and 3 percent at reported rates, while luxury watches revenue rose 5 percent at constant currency and 3 percent at reported rates, with particularly strong performance in the US. Full year group revenue of 1,538 million pounds,...

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Watches of Switzerland issues profit warning despite ‘strong’ demand

Watches of Switzerland has outlined a more “cautious” outlook for the fiscal year of 2024 after it said it was expecting “challenging conditions” to continue for the remainder of the period. This comes despite a positive start to the early part of Q3 FY24, the company noted, after which it then went on to see a “volatile trading performance in...

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Watches of Switzerland records flat sales growth, profit drops

Watches of Switzerland revenues for the first six months of 2024 reached 761 million pounds, up 2 percent at constant currency and flat at reported rates. The company said in a statement that it witnessed continued growth in luxury watches with the reduction in the broader jewellery market reflecting temporary softer consumer sentiment and a...