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Transatlantic group powers through covid-affected year with revenues rising to £905 million ($1.28 billion).
DOXA’s revival under CEO Jan Edöcs takes a leap forward today with news that its watches will be sold online and in stores at Watches of Switzerland in the UK and United States.
Revenue of £272.6 million ($365m) for the Christmas and New Year trading period might have been even higher if the group could get its hands on more watches, particularly from Rolex.
WoSG has been a member of RJC since 2011, whose code of practice is aligned with 17 United Nations Sustainable Development Goals.
Jewelry and watch group's stores in the UK and the United States have been closed for over four months this year, but investors reward its resilience and future growth potential.
Watches of Switzerland Group will own and operate the stores in King of Prussia mall in Pennsylvania, Roosevelt Field mall in Garden City, New York, and Palm Beach Gardens mall in Florida.
There will be 50 available in the United States for Mayors and Watches of Switzerland stores with the remaining 100 allocated to UK retailers.
In a 2020 GQ article detailing Yoch’s impact in the watch industry, she was deemed “the most important person in the watch world” and “the high priestess of horology."
Positive update on second quarter trading causes shares to surge by almost 23%.
Partners since 2018 in the United States, the billion dollar WoSG has gobbled up the American pre-owned and vintage watch specialist.