Following strong demand in the UK and US, Watches of Switzerland has posted strong profits and revenues in the year-to-date.
Revenues hit £934.3m and there has been an impressive 38% growth in performance.
The company has plans to expand in Europe and has bought six shops in Sweden, Denmark and the Republic of Ireland.
“I am pleased to report continued strong momentum for our Group following a successful Christmas trading period,” said Brian Duffy, the chief executive.
“We have delivered impressive growth in both luxury watches and luxury jewellery in both the UK and US markets demonstrating the value of our portfolio of world leading partner brands.”
“Strong trading to date, revised pricing by certain brands and visibility of supply for calendar 2022 all support our expectation to perform towards the top end of our full year guidance.”
