Watches of Switzerland Group Reports Significant Holiday Trading and Confirms FY25 Guidance

February 06, 2025 06:54 PM AEDT | By Sonal Goyal

Watches of Switzerland Group Reports Significant Holiday Trading and Confirms FY25 Guidance — Image source: shutterstock

Expanding Market Share and Showroom Growth

The Group attributes its success to a differentiated business model and continued investment in showroom expansion, leading to market share gains in both the UK and US.

Recent showroom developments include:

December 2024: Openings of relocated and expanded showrooms for Mayors Tampa, Florida, and Betteridge Vail, Colorado.
Q4 FY25 (Upcoming):
- New Rolex agencies added to Watches of Switzerland Plano, Texas, and Mayors Jacksonville, Florida showrooms.
- Mayors Lenox, Atlanta showroom transformed into a 3,000 sq. ft Rolex boutique.
- March 2025: Grand opening of the new flagship Rolex boutique on Old Bond Street, London, set to become a major Rolex destination in the UK.

Strategic Acquisitions and Financial Strength

The integration of Hodinkee and Roberto Coin Inc. is progressing smoothly, with additional growth plans in development. Meanwhile, the Group strengthened its financial position by refinancing its $115 million term loan—originally used for the Roberto Coin Inc. acquisition—with a new £150 million facility. This refinancing boosts liquidity headroom by £50 million, enhancing flexibility for future investments.

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