Posted inNEWS, Business, FEATURES, LEAD STORY
Rolex prioritizing steel watch production triggers Watches of Switzerland profit warning
Watches of Switzerland Group’s share price dropped by more than 30% in early trading today after it issued a chastening downgrade to its revenue and profit forecasts for this financial year. Previous guidance, shared with the London Stock Exchange on November 7, forecast sales rising 8-10% for the financial year, which ends on April 30. […]