Watches of Switzerland to close 16 showrooms, 40 jobs at risk
Watches of Switzerland has confirmed it is closing 16 of its showrooms across the UK, putting around 40 jobs at risk of redundancy.
Watches of Switzerland is closing 16 of its showrooms across the UK, putting around 40 jobs at risk of redundancy.
The luxury watch specialist told BBC News that affected staff will be redeployed where possible and that its “priority [was] to support all affected colleagues”.
The retailer has not yet confirmed which showrooms will close.
Watches of Switzerland opened 22 showrooms, refurbished 15 and acquired 15 through jewellers Ernest Jones in its most recent financial year. It also opened “one of the largest” Rolex boutiques in Europe in London earlier this month.
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A statement from the retailer said: “We continually assess our operations to remain as efficient and productive as possible.
“Whilst we intend to continue growing our showroom estate organically and by acquisition, following a recent review, we have regrettably made the difficult decision to close 16 showrooms in the UK.
“We have also reviewed our support services to ensure we are operating in the most efficient and productive way to power our retail growth and are regrettably proposing that circa 40 roles will be at risk of redundancy.”
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