Watches of Switzerland considers initial publicoffering
The move would allow private-equity company Apollo Global Management to reduce its stake in the retailer, which handles about half of Rolex’s UK sales.
GENEVA: Watches of Switzerland Group Ltd, the UK’s biggest seller of luxury timepieces, said it’s considering an initial public offering in London that could help fuel expansion into the US market.
The move would allow private-equity company Apollo Global Management to reduce its stake in the retailer, which handles about half of Rolex’s UK sales.
It also could give impetus to the company’s expansion in North America, where it has become the largest luxury watch seller in the southeastern US.
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