Watches of Switzerland floats with £647m valuation

Watches of Switzerland flagship store

Specialist retailer Watches of Switzerland has floated on the London Stock Exchange at 270p per share, giving the retailer a market capitalisation of £647m.

Chief executive Brian Duffy said the IPO heralded “the next phase in our growth story”.

He said: “I am delighted by the reaction we have received from the market to our business and the significant opportunities that lie ahead. I look forward to welcoming our new shareholders to the business and to working with them as we continue to execute on our growth strategy.”

Subscription content

Please sign in now if you have a subscription

Retail Week

Register to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • 3 free articles a month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.