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Evening Standard
Evening Standard
Business
Daniel O'Boyle

Watches of Switzerland sales grow as timepieces become “investment assets”

Watches of Switzerland Brian Duffy Russ Mould Luxury

Fashion model Cara Delevingne is an ambassador for Watches of Switzerland brand TagHeuer

(Picture: Dave Benett)

There was no sign of a slowdown in the luxury watch market, as Watches of Switzerland reported a 17% increase in revenue for the three months to 29 January, but shares fell amid slow growth in jewellery sales.

The company, which stocks brands including Rolex, Patek Philippe and TagHeuer, brought in £402 million during the period. Luxury watch sales were up 22% to £340 million.

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