WoS shares plunge

[JGJG]

Down more than 30%; boss “underestimated luxury slump”

[Alansmithee]

So if you listen to the investor call - Rolex sales still seem strong but they could not get enough precious metal ones and that drove average prices down.

The more worrying sign for rest of market is that discounting is needed to shift your midrange models.

Which means second hand prices are likely to fall - which is good for people like me but bad if you are trying to shift a longines or the like...

[Tom91]

Fascinated by the behind the scene business relationship WoS has with the brands. The model is fierce

[chrisparker]

So if you listen to the investor call - Rolex sales still seem strong but they could not get enough precious metal ones and that drove average prices down.

The Bucherer deal might hurt WoS more than they expected. It's inevitable Rolex will funnel high profit pieces to their own outlets and give the scraps to the competition.

[JGJG]

The Bucherer deal might hurt WoS more than they expected. It's inevitable Rolex will funnel high profit pieces to their own outlets and give the scraps to the competition.

WoS is arguably beyond an arms length dealer at this stage, in terms of volume, operation of Rolex boutiques etc.