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Every Watches of Switzerland and Mayors employee given $1,300 bonus

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Every employee of The Watches of Switzerland Group has been given a $1,300 (£1,000) ‘thank you’ bonus in celebration of the company’s successful float on the London Stock Exchange.

A total of 2,500 employees across the UK and US were given the bonus, including all staff at Mayors and the group’s Watches of Switzerland stores in New York, Las Vegas and Boston.

The firm’s chief executive, Brian Duffy, confirmed to British business website BusinessLive: “We’re now on the main market of the London Stock Exchange. There has been a great response to what we’ve done from our teams, so we gave them an unexpected bonus of £1,000 each – or $1,300 for those in the US.

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“That recognized the huge contribution every one of them made to the flotation, and we’ve had dozens and dozens e-mails since saying how much they appreciated it. I really believe in the business. I love the business and our teams and the great job they do.”

Mr Duffy also commented that the stock exchange flotation, which valued the group at around £650 million, was seriously oversubscribed, and the investment meant they could continue to build the business.

 

Watches of Switzerland Group CEO rewarded with cash and share option deal worth $15.8m at IPO

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Rob Corder

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