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Chief executive Brian Duffy predicts demand will bounce back in H2 and 2021 will be a bumper year for the Swiss watch industry.
CEO Brian Duffy anticipates demand for luxury watches will be deferred, not lost.
Quarter ended just as the Coronavirus crisis was beginning to emerge in China, so would not have affected sales, but the group is monitoring the situation, according to CEO Brian Duffy.
Rolex will be the anchor watch brand, alongside Tudor, Tag Heuer, Ulysse Nardin and Grand Seiko.
The sky blue limited edition Epic X Chrono line has a blue mineral crystal dial with rose gold accents set in a 47mm titanium and 18ct rose gold case.
Stripping out new store growth, the company's turnover increased by 10.8%. There was no update on profits in the quarterly financial statement.
The Watches of Switzerland Group wastes no time investing millions in reviving Mayors Florida and Georgia stores.
CEO Brian Duffy says buying small groups or even single store businesses is likely in the next two to three years.
Rolex and Cartier are the two anchor watch brands, and are given their own zones within the 4,700 square foot showroom along with space for Omega, Breitling, TAG Heuer, Franck Muller, IWC, Mont Blanc and Tudor.
Other than for listed companies such as Signet Jewelers, Fossil Group and Movado Group, it is difficult to get a great deal of detail...