Watches of Switzerland has indicated that recent tariff increases on European imports by the United States will likely lead to higher prices. Some brand partners in America have already reported price increases in the mid-single digits. The impact of future tariff changes remains uncertain. Despite potential challenges, the company reported strong growth in the U.S. market, surpassing $1 billion in revenue. Trading conditions in the UK have improved, and the company is optimistic about its business model and plans for further expansion.
We are in regular dialogue with our brand partners, but it is too early to comment on the potential sector impact of further changes.
Our US business has continued its excellent momentum, surpassing 1 billion US dollars revenue for the first time, bolstered by the acquisition of Roberto Coin Inc.
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