Watches of Switzerland has further U.S. acquisitions in its sights [Reuters (UK)]
Apollo Global Management, Inc. (New) (APO)
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Source: Reuters
Watches of Switzerland has further U.S. acquisitions in its sights | Reuters 3 Min Read BASEL, Switzerland (Reuters) - Watches of Switzerland expects to make further acquisitions in the United States, which it first entered in 2017 with the purchase of jeweler Mayors, its chief executive told Reuters. Owned by U.S.-based private equity firm Apollo Global Management, Watches of Switzerland has since opened several stores, including in Las Vegas and New York. “Could we add other businesses? Very easily,” Brian Duffy said in an interview at this week’s Baselworld watch fair. The Watches of Switzerland Group, which sells brands such as Rolex, Richemont’s Cartier and Swatch Group’s Omega and has more than 130 showrooms, is the biggest watch retailer in Britain and a candidate for a stock market listing. Luxury watch distribution is undergoing major changes, with many small, family-owned businesses unable to keep up with the challenges of e-commerce, while watch brands are shutting down sho
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- Apollo Global Management, Inc. (NYSE: APO) had its price target raised by analysts at JPMorgan Chase & Co. from $122.00 to $123.00. They now have an "overweight" rating on the stock.MarketBeat
- Apollo’s ATLAS SP Announces Investment from MassMutualGlobeNewswire
APO
Earnings
- 2/8/24 - Beat
APO
Sec Filings
- 4/11/24 - Form 4
- 3/21/24 - Form 4
- 3/5/24 - Form 4
- APO's page on the SEC website