Watches of Switzerland Group shares jumped after the UK's largest Rolex watch retailer said demand for luxury watches is still strong despite price increases from some of the biggest brands, according to managing director Hugh Brian Duffy.
Watches of Switzerland Group PLC is a United Kingdom-based luxury watch retailer. The Company operates in the United Kingdom and the United States comprising eight brands, such as Watches of Switzerland (United Kingdom and United States), Mappin & Webb (United Kingdom), Goldsmiths (United Kingdom ), Mayors (United States), Betteridge (United States), Deutsch & Deutsch (the United States), Analog:Shift and Hodinkee (United States) with a complementary jewelry offering. It also owns the exclusive distribution rights for Roberto Coin in the United States, Canada, Central America and the Caribbean. Its estate includes multi-brand showrooms and mono-brand boutiques in the United Kingdom, Europe and the United States. It operates two watches of Switzerland flagship showrooms in New York. The watches of Switzerland Group operate mono-brand boutiques on behalf of Rolex, OMEGA, TAG Heuer, Breitling, TUDOR, Grand Seiko, BVLGARI and Fope.
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