Acquisition And GrowthThe Watches of Switzerland Group has announced the acquisition of Roberto Coin for $130m in cash, which is expected to drive expansion into the branded jewellery segment in the US.
Financial PerformanceWatches of Switzerland released its FY24 results reporting group Adjusted EBIT of £135mn, marginally ahead of prior guidance of £134mn.
Market DemandManagement highlighted that demand for luxury watches remains strong and above supply for certain brands.