Watches of Switzerland workers given £1,000 bonus following London IPO

Employees from the Watches of Switzerland Group at shops throughout the UK and US have been given a £1,000 bonus as a thanks following the corporate’s float on the London Inventory Change.

Round 2,500 staff from the group’s Mappin and Webb, Goldsmiths and its eponymous Watches of Switzerland shops have been given the bonus, which additionally consists of round 500 members of workers from its Leicestershire HQ.

Watches of Switzerland chief govt, Brian Duffy, informed BusinessLive: “We’re now on the principle market of the London Inventory Change. There was an important response to what we’ve carried out from our groups, so we gave them an surprising bonus of £1,000 every – or $1,300 for these within the US.

“That recognised the massive contribution each one in every of them made to the flotation, and we’ve had dozens and dozens of emails since saying how a lot they appreciated it. I actually imagine within the enterprise. I really like the enterprise and our groups and the good job they do.”

The current inventory floatation values the corporate at round £650m.