Watches of Switzerland profit surges as shoppers fuel luxury boom
Culture Index
Score Breakdown
Relevance
14/25
Freshness
23/25
Authority
18/20
Brand Signal
6/15
Depth
3/15
5-Axis Cultural Radar
Watches of Switzerland has posted a sharp rise in annual profit as booming demand from wealthy US shoppers helped the Rolex retailer defy the wider slowdown gripping the luxury market. The group’s statutory pre-tax profit jumped 76 per cent to £133m in the 53 weeks to 3 May, while adjusted operating profit rose to £155m....
