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Shares in Watches of Switzerland dropped more than a quarter on Friday after .
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The UK’s biggest seller of Rolex watches lost nearly a third of its value on . FTSE 250-listed Watches of Switzerland plummeted on Friday on news that . Shares in Watches of Switzerland dropped more than a quarter on Friday after Rolex, the UK retailer’s main supplier of luxury timepieces, bought rival chain Bucherer.
The UK’s biggest seller of Rolex watches lost nearly a third of its value on Friday after the Swiss brand bought Bucherer AG, taking its first major step into retailing. FTSE 250-listed Watches of Switzerland plummeted on Friday on news that timepiece manufacturer Rolex is to enter the retail market. At 510.5p per share, the luxury watch retailer was 26%. The Watches of Switzerland Group lost a quarter of its value on Friday morning, heading for the stock’s worst day ever, after luxury watchmaker Rolex announced a deal to buy watch retailer.
Watches of Switzerland shares fell almost 30% on Friday, on course for the biggest one-day drop on record, as Rolex's purchase of retailer Bucherer raised questions about Watches'.
A big investor in Watches of Switzerland sold 5 million shares of the luxury watch seller, according to Bloomberg, less than a day after news broke that Rolex had agreed to take over rival.
The UK’s biggest seller of Rolex watches lost nearly a third of its value on Friday after the Swiss brand bought Bucherer AG, taking its first major step into retailing.
One of Watches of Switzerland Group Plc’s biggest investors cut its stake in the UK-listed timepiece retailer less than 24 hours after Rolex SA decided to buy a rival, Bucherer AG. Shares in the Watches of Switzerland Group slumped this morning after Rolex bought one of its key rivals, Bucherer. The British retail group – which includes Goldsmiths, Mappin and b and Mayors in the United States – saw its share price fall around 28 per cent at one point as investors reacted to Rolex’s acquisition of the Swiss . (Alliance News) - Watches of Switzerland Group PLC on Friday said the acquisition by Rolex SA of Swiss watch retailer Bucherer SA will not change its relationship with Rolex, a key supplier..
Shares in Watches of Switzerland dropped more than a quarter on Friday after Rolex, the UK retailer’s main supplier of luxury timepieces, bought rival chain Bucherer. The UK’s biggest seller of Rolex watches lost nearly a third of its value on Friday after the Swiss brand bought Bucherer AG, taking its first major step into retailing.
FTSE 250-listed Watches of Switzerland plummeted on Friday on news that timepiece manufacturer Rolex is to enter the retail market. At 510.5p per share, the luxury watch retailer was 26%. The Watches of Switzerland Group lost a quarter of its value on Friday morning, heading for the stock’s worst day ever, after luxury watchmaker Rolex announced a deal to buy watch retailer. Watches of Switzerland shares fell almost 30% on Friday, on course for the biggest one-day drop on record, as Rolex's purchase of retailer Bucherer raised questions about Watches'. A big investor in Watches of Switzerland sold 5 million shares of the luxury watch seller, according to Bloomberg, less than a day after news broke that Rolex had agreed to take over rival.
The UK’s biggest seller of Rolex watches lost nearly a third of its value on Friday after the Swiss brand bought Bucherer AG, taking its first major step into retailing.
One of Watches of Switzerland Group Plc’s biggest investors cut its stake in the UK-listed timepiece retailer less than 24 hours after Rolex SA decided to buy a rival, Bucherer AG.
watches of Switzerland share price
Shares in the Watches of Switzerland Group slumped this morning after Rolex bought one of its key rivals, Bucherer. The British retail group – which includes Goldsmiths, Mappin and b and Mayors in the United States – saw its share price fall around 28 per cent at one point as investors reacted to Rolex’s acquisition of the Swiss .
watches of Switzerland news
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rolex buys watches of switzerland rival|Rolex Switzerland
