BREAKING NEWS: The Watch Gallery sales soar by 3. London. David Coleridge told Watch. Pro last year that he voted to remain in the European Union. But the chairman of The Watch Gallery could be forgiven thanking the 5. Brexit vote’s impact on the value of the pound turned central London into the hottest market for luxury watches in the world. Watch Online Watch Woman Of The Year Full Movie Online Film more. In accounts published today by Companies House, The Watch Gallery recorded a rise in sales of 3.

January 2. 8, 2. 01. Profit almost trebled during the year, from £1. Story continues below Advertisement. Productivity soared for the business, with the number of employees actually falling year- on- year from 1. The Watch Gallery sold the loss- making The Watch Hut in 2. The group now runs The Wonder Room luxury watch space in London’s Selfridges, a monobrand Rolex boutique at One Hyde Park in Knightsbridge, and a multibrand store under The Watch Gallery name in Covent Garden. The Watch Gallery also runs some watch concessions in John Lewis; and runs the online watch offerings for both John Lewis and Asos.

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Overall staff costs for The Watch Gallery (including wages, social security and pensions) rose 1. The remuneration to the highest paid director was ££3. The company approved a dividend payment to shareholders of £4 million. The golden year for The Watch Gallery was achieved despite discussions on the sale of the business reaching their conclusion. Europe’s biggest luxury watch retailer Bucherer bought The Watch Gallery in March this year for an undisclosed sum. David Coleridge, chairman of The Watch Gallery.

Mr Coleridge called Bucherer the “perfect partner” for the company.“With the backing of one the world’s leading watch retailers, The Watch Gallery’s customers, business partners and employees will benefit from their tremendous experience, innovation, improved product selection and services,” he said. Bucherer says it intends to continue to employ all staff of The Watch Gallery and will eventually integrate each boutique under its own brand name. There have been no further announcements from The Watch Gallery or Bucherer about future plans since March.

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