Profit Track 100

Leicester is home to one of the world’s largest retailers of luxury watches, owner of the Goldsmiths, Mappin & Webb and Watches of Switzerland jewellers in the UK, and the US chain Mayors, acquired for £80m in 2017. Backed by American private equity firm Apollo, expansion across the US is underway with the launch of flagship stores in New York and Las Vegas. Under chief executive Brian Duffy, 64, profits grew to £38.6m in 2018 — the largest on the league table. The business is reportedly preparing an IPO in London or Zurich.

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Company details
Year2019
Rank94
CompanyThe Watches of Switzerland Group
ActivityJewellery and watch retailer
LocationLeicester
Annual profit growth56.01%
Latest profits £000s37,141
Latest sales £000s685,184
Staff2,015
Founded1778
Websitewww.goldsmiths.co.uk

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* supplied by company † annualised figure