Watches of Switzerland Gains After London Share Offering

The transcript covers the successful IPO of Watches of Switzerland, their expansion plans in the US, and strategies for marketing and differentiation in the luxury watch market. It addresses the impact of smartwatches, economic concerns related to Brexit, and the excellence of Swiss watchmaking. Brian Duffy, CEO, discusses the company's growth, market positioning, and resilience against economic fluctuations.

What was the percentage gain of Watches of Switzerland on its first trading day in London?

• 20%

• 15%

• 17%

• 10%

Which US state did Watches of Switzerland acquire a business in as part of their expansion?

• Texas

• Florida

• New York

• California

What is one of the key strategies Watches of Switzerland uses to differentiate itself in the market?

• Reducing store locations

• Focusing on traditional marketing

• Offering a wide range of digital services

• Lowering prices

How does Watches of Switzerland view the impact of smartwatches on their market?

• A temporary trend

• A direct competitor

• A different product category with minimal impact

• A significant threat

What is the expected impact of a no-deal Brexit on the luxury watch market according to the transcript?

• Supply chain issues

• Increased tariffs

• No direct impact

• Significant disruption

Which brand is mentioned as having a unique horological space with long waiting lists?

• Patek Philippe

• Omega

• Tag Heuer

• Rolex

What is one reason for Switzerland's success in luxury watchmaking?

• Exclusive partnerships

• Government subsidies

• Low production costs

• Advanced technology and tradition