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Watches of Switzerland Dives as Watch Shoppers Retreat

Switzerland’s Federal Council decided Friday to adopt the measures which will come into force in the next few days, the government said in a statement.
Shares of Watches of Switzerland Group Plc slumped nearly 30 percent after the top seller of Rolex watches in the UK cut its sales and growth forecasts, blaming volatile demand and a shift in luxury spending habits. (Shutterstock)

Shares of Watches of Switzerland Group Plc slumped nearly 30 percent after the top seller of Rolex watches in the UK cut its sales and growth forecasts, blaming volatile demand and a shift in luxury spending habits.

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