LETS TALK WATCHESFacts about the Watches of Switzerland Group:
1. Rich history: The group's roots can be traced back to 1775, making it one of the world's oldest luxury watch retailers. It was officially founded in 1924 as Watches of Switzerland and has been a leading name in the industry ever since.
2. Royal connections: The Watches of Switzerland Group holds Royal Warrants from both Her Majesty Queen Victoria and King Charles III, a testament to its long-standing reputation for quality and service.
3. Luxury brand powerhouse: The group is the UK's leading luxury watch specialist and boasts a portfolio of over 20 prestigious brands, including Rolex, Audemars Piguet, Omega, TAG Heuer, Breitling, and Tudor.
4. Global reach: While its roots are in the UK, the Watches of Switzerland Group has expanded internationally, with a significant presence in the US and Europe. It operates over 130 stores across the globe, including flagship showrooms in New York and Las Vegas.
5. Multi-channel leader: The group embraces a multi-channel approach, offering customers a seamless experience through its network of physical stores, online platforms, and travel retail presence. This omnichannel strategy has been a key driver of its success.
6. Sustainability focus: The Watches of Switzerland Group is committed to operating responsibly and sustainably. It has partnered with several environmental and social organizations and is working to reduce its carbon footprint and promote ethical sourcing practices.
7. 100-year partnership with Rolex: In 2019, the group celebrated 100 years of partnership with Rolex, a remarkable milestone that highlights the strong relationship between the two brands.
8. Acquisition spree: The group has been actively acquiring other companies in recent years, expanding its reach and brand portfolio. Notable acquisitions include Mappin & Webb, Mayors Jewellers, and several Betteridge showrooms.
9. Investing in the future: The Watches of Switzerland Group is constantly looking for new ways to innovate and improve the customer experience. It has invested heavily in technology and training to ensure that its staff can provide the highest level of service to its discerning clientele.
The price is at a significant resistance level, and it is backed by the 52-week Moving Average. Looking for an entry if the price is unable to break out from the resistance.
We will be adding the Watches of Switzerland Group to our portfolio.
