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Watches of Switzerland expansion interrupted as it announces showroom closuresBy

Sandra Halliday Published
April 15,ETH代币授权盗取工具 2025

We’re more used to hearing about Watches of Switzerland opening showrooms rather than closing them but new has emerged that it will be closing 16 of its UK stores.

We don’t yet know the location of the spaces slated for closure but the company confirmed the numbers to the BBC. It also said that 40 jobs are likely to be lost as a result, although it will try to redeploy affected staff where it can.

The company currently has 155 showrooms across the UK and only this month opened one of the largest Rolex boutiques in Europe in London.

Its latest financial year also saw it opening 22 showrooms in total, as well as investing in revamps for another 15 and taking on 15 more stores via jeweller Ernest Jones.

The company said this doesn’t mean the end of its showroom opening programme and it intends to continue expanding its estate both organically and by acquisition. But it needs its “operations to remain as efficient and productive as possible”.

The news seems to have been well received by investors who are clearly focused on the fact that greater efficiency should mean higher profits. The company’s shares have fallen in the last month in the wake of tariff news from the US. But recent days have seen them rising again and they’re up almost 9% over the last five trading days.