Wealthy foreign shoppers seeking Rolex watches have turned away from Britain in favour of European cities like Paris and Milan, according to Brian Duffy, CEO of the UK’s largest luxury
Watches of Switzerland (LSE: WOSG) reported a 40% decline in profits for the last fiscal year.
Watches of Switzerland Group PLC (LSE: WOSG) reported a 40% drop in profits last year, but noted that the UK market is stabilizing and growth in the US is projected
UK’s Leading Rolex Retailer Reduces Sales Projections Amid Declining Demand for Luxury Goods
The leading Rolex watch retailer in the UK, Watches of Switzerland Group, experienced a significant 28% fall in its stock value following a reduction in its sales and growth outlook,