Watches of Switzerland: Trump tariffs spark hike luxury timepiece prices Retail Watches of Switzerland Group (WOSG) has warned scores of its products in America will see price increases due to Trump’s 10 per cent tariff on non-US goods. Its share price fell more than five per cent in early trades. The London-listed company, which sells luxury timepieces from Patek Philippe, Rolex, and Audemars Piguet – amongst [...]
Watches of Switzerland: US sales drive return to growth Retail Rolex and Patek Philppe-seller Watches of Switzerland Group (WOSG) has returned to growth, driven by a double-digit sales rise in the US. The luxury watch seller told markets this morning that full year Group revenue reached £1.6bn in the year ended April 27, up eight per cent year on year and in line with market [...]
Uncertain US tariffs put Rolex, Patek Philippe and Omega in a precarious position Retail Swiss watchmakers are nervously awaiting a positive outcome for US-Switzerland tariffs negotiations to avoid throwing the industry into chaos. On July 1, Swiss exports in the US will be slapped with a 31 per cent tariff – that is, unless the country can negotiate a deal before then. “These tariffs… place the international watch trade [...]
City broker downgrades Watches of Switzerland as US prices set to rise April 7, 2025 A City broker has downgraded its price target for Watches of Switzerland by a fifth, citing lower spending and higher prices as the retailer’s challenges. Peel Hunt downgraded the target price for the luxury watch firm from 500p to 400p. Shares in the retailer were trading at 335p as of midday on April 7, having [...]