Luxury watch retailer Watches of Switzerland is set to close 16 of its UK showrooms and cut around 40 roles following an internal review designed to improve operational efficiency.
The Leicestershire-based company, which operates 155 showrooms nationwide, said it would seek to redeploy affected staff where possible. The job cuts focus on its support services division, which employs over 700 people.
Despite the closures, the group continues expanding its retail footprint through acquisitions and new openings, including a recently launched flagship Rolex boutique in London—one of the largest in Europe. Over the past year, the company opened 22 new locations, refurbished 15, and acquired another 15 via the Ernest Jones brand.
The firm has not disclosed which showrooms are being closed. The restructuring is part of a broader strategy to streamline operations and support continued growth in the luxury retail segment.
