“Watches of Switzerland’s efforts to reassure the market that there will be no change in how Rolex allocates stock have fallen on deaf ears,” Mould said in an email.
Russ Mould
Russ Mould, investment director at stockbroker AJ Bell, said investors fear that the tie-up will mean Bucherer receives “preferential treatment including better access to the watches that consumers are desperate…
Demand for Watches
Yet the company said demand for watches remained robust and confirmed its full-year guidance, projecting annual revenue to come in between £1.65 billion and £1.7 billion.