Watches of Switzlnd. - Appointment of Chairman
Watches of Switzerland Group PLC
Appointment of Chairman
Watches of Switzerland Group PLC ("the Group") is today pleased to announce the appointment of
Ian brings over 30 years of international and retail experience to the Group, having held a number of senior positions at
Ian has lived and worked in
In addition, Ian has significant non-executive experience having served on a number of boards in the
Tea Colaianni, Senior Independent Director, has today taken over as Interim Chair and will continue in this role until Ian joins the Board.
Tea Colaianni, Interim Chair, said:
"Following a thorough global search process, the Board is delighted to welcome Ian to Watches of Switzerland Group as non-executive Chairman.
Ian's wealth of commercial, business and board experience and knowledge of the consumer, retail and luxury sectors in particular in the US and the
"I could not be more excited about joining the team at this time.
After a very successful IPO the opportunities for further growth are outstanding and most importantly, the team led by Brian is clearly energized and focused on delivering world class luxury retail experiences.
I look forward to working with the Board and Management to further build upon this success."
The Group confirms that there is no further information to be disclosed under the requirements of Listing Rule 9.6.13R in relation to the appointment.
The Watches of Switzerland Group
Allegra Perry, Investor Relations +44 (0) 20 7317 4600
Lucy Legh / Rob Walker +44 (0) 20 3805 4822
About the Watches of Switzerland Group
The Watches of Switzerland Group is the UK's largest luxury watch retailer, operating in both the UK and US, comprising four prestigious brands; Watches of Switzerland (UK and US), Mappin & Webb (UK), Goldsmiths (UK) and Mayors (US), with complementary jewellery offering.
The Watches of Switzerland Group has 135 core stores across the UK and US (which includes 22 dedicated mono-brand stores in these two markets in partnership with Rolex, TAG Heuer, OMEGA and Breitling) and has a leading presence in
The Watches of Switzerland Group is proud to be the UK's largest retailer for Rolex, Cartier, OMEGA, TAG Heuer and Breitling watches.
Mappin & Webb holds Royal warrants as goldsmiths, silversmiths and jeweller to Her Majesty The Queen and silversmiths to His Royal Highness The Prince of Wales. The Mappin & Webb master jeweller has been Crown Jeweller, custodian of the Crown Jewels of Her Majesty The Queen since 2012.
This trading statement does not constitute an invitation to underwrite, subscribe for, or otherwise acquire or dispose of any Watches of Switzerland Group PLC shares or other securities nor should it form the basis of or be relied on in connection with any contract or commitment whatsoever. It does not constitute a recommendation regarding any securities. Past performance, including the price at which the Company's securities have been bought or sold in the past, is no guide to future performance and persons needing advice should consult an independent financial adviser.
Certain statements in this trading statement constitute forward-looking statements. Any statement in this document that is not a statement of historical fact including, without limitation, those regarding the Company's future plans and expectations, operations, financial performance, financial condition and business is a forward-looking statement. Such forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks and uncertainties include, among other factors, changing economic, financial, business or other market conditions. These and other factors could adversely affect the outcome and financial effects of the plans and events described in this statement. As a result you are cautioned not to place reliance on such forward-looking statements. Nothing in this statement should be construed as a profit forecast.
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
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