London's biggest watch retailer, Watches of Switzerland, is considering an initial public offering in Britain. This would allow Apollo Global, the private equity owners of the group, to decrease its holding in the company. The offering may also give a boost to the retailer's aspiration to develop its presence in North America. The company's revenue for the year increased by 9.2% on a like-for-like basis to £773m ($1bn). The flotation would put at least 25% of the shares up to be freely traded on the market.
Britain's biggest watch retailer, Watches of Switzerland, is considering an initial public offering in London. This would allow Apollo Global, the private equity owners of the group, to decrease its holding in the company. The offering may also give a boost to the retailer's aspiration to develop its presence in North America. The company's revenue for the year increased by 9.2% on a like-for-like basis to £773m ($1bn). The flotation would put at least 25% of the shares up to be freely traded on the market.