Watches of Switzerland: A Wake-Up Call for Investors: The US Growth Cannot Be Ignored
Watches of Switzerland is transforming from a primarily British retailer to a globally operating, US-centered luxury distribution partner.
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The recent results from Watches of Switzerland are not just a solid quarterly result but a clear evidence of a profound and attractive realignment of the business model. In my assessment, the company is strategically well positioned to benefit from the ongoing boom in the global luxury segment. The most important insight from the report is the strategic shift of the profitability focus to the USA. CEO Brian Duffy's statement that the region now accounts for nearly 60% of profitability and remains the "most important driver" of performance sends...
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