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Watches of Switzerland increases revenue and profits forecast again

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UK’s bigger seller of Rolex and Omega watches to repay £3.3m in furlough money but retain rates relief

The UK’s biggest seller of Rolex and Omega watches has increased its profits forecast again as the clamour for high-end timepieces shows no sign of abating.

Watches of Switzerland said that, given its recent strong performance, it planned to repay the £3.3m of furlough support money it had received during the original UK-wide lockdown.

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