London Stock Exchange welcomes Watches of Switzerland Group to the Main Market
The market capitalisation of the Company will be approximately £647 million at the commencement of conditional dealings.
Brian Duffy, CEO of Watches of Switzerland Group said:
"Today’s listing marks the next phase in our growth story. I am delighted by the reaction we have received from the market to our business and the significant opportunities that lie ahead. I would like to thank our teams who have worked tirelessly to deliver our transformation. On behalf of all of our colleagues, I am delighted to welcome our new shareholders to the business and look forward to working with them as we continue to execute on our growth strategy."
The Watches of Switzerland Group is the UK’s largest prestige luxury jewellers and timepieces specialist, operating in both the UK and US with brands Goldsmiths (UK), Mappin & Webb (UK), Watches of Switzerland (UK and US) and Mayors (US). The Watches of Switzerland Group has more than 146 showrooms in the UK and US (including 15 dedicated Mono-brand boutiques in partnership with Rolex, TAG Heuer, Omega and Breitling and has leading presence in Heathrow Airport with representation in Terminals 2,3, 4 and 5) and 5 online transactional websites. The Watches of Switzerland Group is proud to be the UK’s largest retailer for Rolex, Patek Philippe, Cartier, Omega, TAG Heuer and Breitling. Our Mappin & Webb brand currently holds appointments as ‘Jewellers, Goldsmiths and Silversmiths’ to Her Majesty The Queen and ‘Silversmiths’ to His Royal Highness The Prince of Wales.
In 2012 Mappin & Webb’s master craftsman was appointed Crown Jeweller, custodian of the Crown Jewels of Her Majesty The Queen – the greatest honour that can be bestowed upon a jeweller.