IN BRIEF: Watches of Switzerland launches GBP25 million share buyback
Watches of Switzerland Group PLC - Leicester, England-based watch retailer - Launches GBP25 million share buyback programme on Monday. The buyback will be conducted by Barclays Bank PLC and be completed December 3. Watches of Switzerland doesn't pay a dividend. It says it prioritises "investment for growth through showroom elevation, new projects and acquisitions" ahead of shareholder returns; however, it notes that, following a debt refinancing in December, it has GBP50 million liquidity headroom on its bank facility and surplus capital. Read More