Richard Mille: Luxury Swiss watch brand’s sales tick past major milestone Retail Sales at the Europe, Middle East and Africa arm of luxury Swiss watch brand Richard Mille have ticked past a major milestone as its growth streak continues. The London-headquartered division has posted a turnover of CHF 404.4m (£371.2m) for 2024, up from the CHF £378.7m it achieved in 2023. New accounts filed with Companies House [...]
Christopher Ward: US sales surge for luxury watchmaker Retail Sales at luxury watchmaker Christopher Ward jumped by 50 per cent in its latest financial year fuelled by huge growth in the US. The business, which was founded by Christopher Ward, Mike France and Peter Ellis in 2004, has posted a turnover of £45.3m for the year to 31 March, 2025, up from the £30.5m it achieved in [...]
Luxury watch crime ‘remains a threat’ but recovery rates improve Retail The theft of luxury watches remains a significant risk for owners despite the rate of recovery jumping in the last year, according to new data. In the first six months of 2025, The Watch Register located 607 lost and stolen watches through its global database, a 26 per cent increase on the same period in [...]
Swatch: Rachel Reeves’ tax hikes could see profit fall further July 16, 2025 Swiss watch brand Swatch has warned its UK profit could continue to shrink as a result of Chancellor Rachel Reeves’ tax hikes. The business has said the increase in employer’s National Insurance contributions – which were announced in October 2024 and came into effect in April this year – will increase operational costs. Swatch added [...]
Swiss watch exports plummet after tariff uncertainty hits sales June 19, 2025 Swiss watch exports fell significantly in May after anticipation of steep tariffs caused a downturn in the US market. Exports fell 9.5 versus May, according to new figures from the Federation of the Swiss Watch Industry (FH), reversing a recovery in sales that has been brewing since the start of the year. The market for [...]
Gary Neville joins Swiss watchmaker Norqain’s board ahead of UK launch March 25, 2025 Gary Neville has joined the board of Swiss watchmaker Norqain as it prepares to launch in the UK. The former Manchester United and England footballer now works as a TV pundit as well as having a portfolio of business interests. They include two hotels in Manchester as well as a property development company and hosting [...]
Watchfinder continues in the red as sales tick below £100m January 2, 2025 Watchfinder continued to make a heavy loss during its latest financial year as its sales dipped below the £100m mark. The London-headquartered business, which sells second-hand watches, has reported a pre-tax loss of £12.6m for the 12 months to 31 March 2024. The figure comes after the firm also lost £12m in the prior year. [...]
Watches of Switzerland: Why shares in Rolex seller are on the road to recovery December 5, 2024 Shares in Rolex seller Watches of Switzerland have surged to their highest value since January after the retailer revealed positive half-year results. The Leicester-headquartered group reported a revenue of £785m for the six months to 27 October, 2024, a four per cent rise. In a trading update issued to the London Stock Exchange, Watches of [...]
Rolex: Sales at luxury watch maker rise time after time October 10, 2024 Sales at the UK arm of Rolex rose by almost £80m during 2023, for the 17th consecutive year. The London-headquartered division has reported a turnover of £685.2m for the 12 months, up from the £608.1m it achieved in 2022. Newly-filed accounts with Companies House also show that its pre-tax profit increased from £59.4m to £65.8m [...]
Profit slashed in half at Swiss watch brand Swatch September 6, 2024 Profit at Swiss watch brand Swatch was cut by more than half during its latest financial year despite its sales increasing further past the £200m mark. The London-headquartered division has reported a pre-tax profit of £11.1m for 2023, down from the £23.6m it posted for 2022. According to newly-filed accounts with Companies House, Swatch has [...]