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Shares in Watches of Switzerland dropped more than a quarter on Friday after Rolex, the UK retailer’s main supplier of luxury timepieces, bought rival chain Bucherer. The Watches of Switzerland Group lost a quarter of its value on Friday morning, heading for the stock’s worst day ever, after luxury watchmaker Rolex announced a deal to . Shares in Watches of Switzerland dropped more than a quarter on Friday after Rolex, the UK retailer’s main supplier of luxury timepieces, bought rival chain Bucherer.
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The Watches of Switzerland Group lost a quarter of its value on Friday morning, heading for the stock’s worst day ever, after luxury watchmaker Rolex announced a deal to buy watch retailer. Shares in luxury watch retailer Watches of Switzerland plunged by 25 per cent on Thursday after the company became the latest luxury group to warn on profits. Watches of Switzerland said it.
FTSE 250-listed Watches of Switzerland plummeted on Friday on news that timepiece manufacturer Rolex is to enter the retail market. At 510.5p per share, the luxury watch retailer was 26%. Watches of Switzerland shares fell almost 30% on Friday, on course for the biggest one-day drop on record, as Rolex's purchase of retailer Bucherer raised questions about Watches' prospects. A big investor in Watches of Switzerland sold 5 million shares of the luxury watch seller, according to Bloomberg, less than a day after news broke that Rolex had agreed to take over rival.
Investors in Watches of Switzerland – where Rolex products account for over 50% of sales – are a case in point. Their company’s shares lost more than 20% of their value on Friday morning. The UK’s biggest seller of Rolex watches lost nearly a third of its value on Friday after the Swiss brand bought Bucherer AG, taking its first major step into retailing.
One of Watches of Switzerland Group Plc’s biggest investors cut its stake in the UK-listed timepiece retailer less than 24 hours after Rolex SA decided to buy a rival, Bucherer AG. Watches of Switzerland Group lost a quarter of its market value on Friday after Rolex agreed to buy a leading Swiss watch retailer. Shares in Watches of Switzerland dropped more than a quarter on Friday after Rolex, the UK retailer’s main supplier of luxury timepieces, bought rival chain Bucherer. The Watches of Switzerland Group lost a quarter of its value on Friday morning, heading for the stock’s worst day ever, after luxury watchmaker Rolex announced a deal to buy watch retailer.
Shares in luxury watch retailer Watches of Switzerland plunged by 25 per cent on Thursday after the company became the latest luxury group to warn on profits. Watches of Switzerland said it. FTSE 250-listed Watches of Switzerland plummeted on Friday on news that timepiece manufacturer Rolex is to enter the retail market. At 510.5p per share, the luxury watch retailer was 26%.
Watches of Switzerland shares fell almost 30% on Friday, on course for the biggest one-day drop on record, as Rolex's purchase of retailer Bucherer raised questions about Watches' prospects.
A big investor in Watches of Switzerland sold 5 million shares of the luxury watch seller, according to Bloomberg, less than a day after news broke that Rolex had agreed to take over rival. Investors in Watches of Switzerland – where Rolex products account for over 50% of sales – are a case in point. Their company’s shares lost more than 20% of their value on Friday morning. The UK’s biggest seller of Rolex watches lost nearly a third of its value on Friday after the Swiss brand bought Bucherer AG, taking its first major step into retailing.
One of Watches of Switzerland Group Plc’s biggest investors cut its stake in the UK-listed timepiece retailer less than 24 hours after Rolex SA decided to buy a rival, Bucherer AG.
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rolex deal watches of switzerland|Rolex dealers in Switzerland
