Watch chain plots float

Daily Mail - - City & Finance -

BRI­TAIN’s big­gest lux­ury watch seller is eye­ing a float on the lon­don stock Ex­change this year as it aims to cut debt and at­tract more cus­tomers.

Watches of switzer­land is mulling a premium listing, valu­ing it at be­tween £600m and £800m, though some sources have said it could be worth as much as £1bn.

The chain, re­spon­si­ble for half of UK Rolex sales last year, has been owned by Us pri­vate eq­uity firm Apollo for the past six years.

Chief ex­ec­u­tive Brian duffy is look­ing to list in the next cou­ple of months and is aim­ing to gen­er­ate turnover of £1bn by 2021. He said: ‘We have been talk­ing to po­ten­tial in­vestors for some months now and the feed­back’s been pos­i­tive.’

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