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Watches of Switzerland Shares Surge 8% on Privatization Talks, Seeks Price Above £7.50 per Share

2026-07-13 13:37:35

According to Reuters, Watches of Switzerland Group Plc, the UK's largest Rolex dealer, saw its stock climb over 8% in recent trading, marking its largest gain in nearly two months. The surge followed Reuters' report that the company has been in discussions regarding a potential privatization offer in recent months, though potential buyers' identities remain undisclosed. CEO Brian Duffy acknowledged the talks, stating he believes the company is undervalued on the public market. According to sources, no formal offer has yet been submitted, and the company is seeking a price significantly higher than £7.50 per share.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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