The boss of the group behind the Goldsmiths and Mappin & Webb brands said demand for luxury watches continues to outstrip supply – despite the economic backdrop.
Watches and Switzerland chief executive Brian Duffy said the group – which is based out of headquarters on the outskirts of Leicester – had a bright future ahead as it put out another strong trading update.
Group turnover for the last three months was £407 million, up from £348 million a year before, with luxury watch sales up 22 per cent to £340 million. Total sales for the full year are expected to be between £1.5 and £1.55 billion.
