$WOSG Watches of Switzerland | Is the time now? | TickerTrends.io

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Ticker: $WOSG
Sector: Consumer Cyclical
Share Price: £424.40p
Market Cap: £1.02B

BUSINESS INTRO:

The Watches of Switzerland Group (WOSG) is a leading international retailer specializing in luxury watches and jewelry. Originally founded in the 1930s under the name G&M Lane & Co., the company began with a single shop in London, where it developed a reputation for fine craftsmanship and high-quality timepieces. Over the years, WOSG has cultivated long-term relationships with some of the most prestigious watchmakers in the world, including Rolex, Omega, and Patek Philippe, offering a curated selection of luxury watches to discerning clientele.

During World War II, Watches of Switzerland diversified its operations by producing precision engineering components to support the war effort. Post-war, the company resumed its focus on luxury retail and began expanding both its product range and geographical presence. By the 1950s, it rebranded as Watches of Switzerland and launched a series of iconic showrooms across the UK. The 1970s marked a significant milestone with the opening of single-brand boutiques for renowned watchmakers, including the group’s first dedicated Rolex boutique in 1978.

WOSG continued to innovate in luxury retail by opening a flagship showroom on Regent Street in London in 2014, combining traditional British luxury with modern retail experiences. This marked the start of a global expansion, which led to the company’s presence in major cities worldwide. In 2018, WOSG entered the U.S. market with strategic acquisitions, including high-profile locations in New York and Las Vegas, and has since expanded to 223 showrooms globally as of 2024.

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