Watches of Switzerland struggles as Royal Mail names new CFO
Evening Standard|January 18, 2024
ALARMED investors today dumped Watches of Switzerland shares after the Rolex seller revealed sluggish demand in the run-up to Christmas.
- Graeme Evans
Watches of Switzerland struggles as Royal Mail names new CFO

The FTSE 250-listed company reversed 29% or 172p to 415p, the lowest level for the Mappin & Webb and Goldsmiths retailer since 2020.

The downgrade to profit guidance is another sign of the struggles facing luxury retailers and brands after an initial post-pandemic boom.

Chief executive Brian Duffy said: "The festive period was particularly volatile this year for the luxury sector, with consumers allocating spend to other categories such as fashion, beauty, hospitality and travel."

この蚘事は Evening Standard の January 18, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は Evening Standard の January 18, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

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