WOSGF / Watches of Switzerland drops 27% on Rolex deal news

FTSE 250-listed Rolex retail Watches of Switzerland Group PLC (LSE:WOSG)'s second-quarter results come at a testing time for the European luxury secto more_horizontal

Watches of Switzerland (LON: WOSG) share price made a catastrophic plunge on Friday as investors reacted to the latest M&A in the industry. The shares more_horizontal

Rolex is taking over watch retailer Bucherer, giving the luxury giant more control over how its watches are sold, the WSJ reported. After the news, sh more_horizontal

Contrary to Watches of Switzerland Group PLC (LSE:WOSG) belief, Rolex's purchase of watch retailer Bucherer is considered a “strategic move”, acco more_horizontal

The Watches of Switzerland Group lost a quarter of its value on Friday after luxury watchmaker Rolex announced a deal to buy watch retailer Bucherer. more_horizontal

The FTSE 250 firm has sunk on news that Rolex plans to enter the retail market for the first time. more_horizontal

Watches of Switzerland Group lost a quarter of its market value on Friday after Rolex agreed to buy a leading Swiss watch retailer. more_horizontal

Shares in Watches of Switzerland Group PLC (LSE:WOSG) tumbled by 27% today amid growing concerns that Swiss watchmaking giant, Rolex, might be venturi more_horizontal