Watches of Switzerland Group Announces Holding Change
The retailer has announced a change in its major shareholding, with Norges Bank increasing its stake to over 5% of the company's shares.
The retailer has announced a change in its major shareholding, with Norges Bank increasing its stake to over 5% of the company's shares.
The luxury watch retailer posted record revenue and improved adjusted EBIT, but faces headwinds from macroeconomic uncertainties and potential US tariff changes. Despite strong growth, particularly in the US, the company saw decreased statutory profits and free cash flow.
The retailer has announced a change in shareholding, with Norges Bank increasing its stake in the company.
The retailer reported solid revenue growth in FY25, but cautioned about broader macroeconomic and consumer environment uncertainties, including potential US tariff changes.
The retailer has announced a change in shareholding, with Alberta Investment Management Corporation now holding 3.00051% of the company's voting rights.
The retailer has announced a change in its major shareholding, with Norges Bank now holding 3.14% of the company's voting rights.
The retailer's Chair has purchased a significant number of shares in the company.
The retailer has provided an update on its £25m share buyback programme, including details on the number of shares repurchased so far and the timeline for the programme's completion.
The retailer's CEO has exercised options under the company's long-term incentive plan, acquiring a significant number of shares.
The retailer's Chief Financial Officer has exercised LTIP options, acquiring nearly 300,000 shares.