Watches of Switzerland, the esteemed retail group based in the UK with a global presence, has recently announced the appointment of William ‘Bill’ Floydd as its new Chief Financial Officer. Floydd will be replacing Anders Romberg, who will be retiring after serving in the role for seven years. However, Romberg will continue to be a part of the company as a director and CFO until a smooth transition has taken place.
Prior to joining Watches of Switzerland, Floydd has held the position of CFO at The Rank Group, a global gaming, leisure, and entertainment business, since November 2018. In addition, he served as the CFO for the UK and Ireland region of Experian for over five years.
Brian Duffy, the CEO of Watches of Switzerland, is thrilled about Floydd’s appointment, highlighting his extensive financial expertise and leadership qualities that will greatly benefit the group. Floydd’s arrival comes at a time when Watches of Switzerland is experiencing impressive stock performance, despite the challenges faced by the retail industry during the pandemic.
The company, which owns renowned brands such as Mappin & Webb and Goldsmiths, as well as luxury monobrand watch boutiques and its own chain of stores, has reported strong performance in both the UK and US markets. Online sales have particularly seen a significant increase of 15.9%. In the three months leading up to August 1, revenue grew from £151.6 million to £297.5 million, with UK sales experiencing exceptional growth of 104.7%.
Watches of Switzerland has demonstrated resilience during the pandemic and has emerged as a thriving player in the luxury retail industry. With the appointment of William Floydd as CFO, the company is well-positioned to continue its upward trajectory and strengthen its position in the market.
For more information on Watches of Switzerland, visit their official website [link] and for insights on the luxury retail industry, you can refer to this [link].
