Watches of Switzerland has confirmed plans to close 16 of its UK showrooms, putting around 40 jobs at risk, despite the company recently celebrating the launch of one of Europe’s largest Rolex boutiques in London.
The high-end watch retailer, headquartered in Leicestershire, said the decision followed a review to keep operations “efficient and productive.” The closures come as a bit of a surprise given the brand’s recent expansion—opening 22 new showrooms, refurbishing 15, and acquiring another 15 through Ernest Jones in the last financial year alone.
