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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 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 .
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 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'. At 510.5p per share, the luxury watch retailer was 26% lower in end-of-week business. On Thursday afternoon Rolex announced it will buy fellow Swiss company Bucherer, a major vendor of its. 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.
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. 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.
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. 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 . A record plunge for shares of Watches of Switzerland Group Plcon Friday spurred by a first foray by Rolex SA into consumer sales wiped £10 million (.6 million) off the fortune of Hugh Duffy .
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 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'. At 510.5p per share, the luxury watch retailer was 26% lower in end-of-week business. On Thursday afternoon Rolex announced it will buy fellow Swiss company Bucherer, a major vendor of its.
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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. 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.
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.
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.
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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 .
swiss rolex official website
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