Taking Stock 

Watches of Switzerland – a mistimed admission

Mark Robinson

Watches of Switzerland – a mistimed admission

Fancy buying a luxury goods retailer at the top of the cycle? You might be in luck. Watches of Switzerland – the UK’s largest luxury watch retailer and owner of jeweller Mappin & Webb – has confirmed that it intends to proceed with an initial public offering (IPO) designed to cut debt and support its growth strategy – prospective investors would be entitled to ask, “whose debt are we talking about?”

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