Watches of Switzerland Group, the leading multi-channel luxury watch retailer in the UK and a leading retailer of luxury watches in selected regions of the U.S., has gone public and commenced its trading on the Main Market of the London Stock Exchange, trading under the ticker WOSG. The market capitalization of the Company will be approximately £647 million at the commencement of conditional dealings.
Brian Duffy, CEO of Watches of Switzerland Group said: “Today’s listing marks the next phase in our growth story. I am delighted by the reaction we have received from the market to our business and the significant opportunities that lie ahead. I would like to thank our teams who have worked tirelessly to deliver our transformation. On behalf of all of our colleagues, I am delighted to welcome our new shareholders to the business and look forward to working with them as we continue to execute on our growth strategy.”
The Watches of Switzerland Group has more than 146 showrooms in the UK and the U.S. —including 15 dedicated mono-brand boutiques in partnership with Rolex, TAG Heuer, Omega and Breitling— and has leading presence at Heathrow Airport and 5 online transactional websites. Additionally, Watches of Switzerland Group is proud to be the UK’s largest retailer for Rolex, Patek Philippe, Cartier, Omega, TAG Heuer and Breitling. Their Mappin & Webb brand currently holds appointments as ‘Jewellers, Goldsmiths and Silversmiths’ to Her Majesty The Queen and ‘Silversmiths’ to His Royal Highness The Prince of Wales.
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