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Watches of Switzerland says UK sales continue to be hit by tourist tax

Watches of Switzerland says UK sales continue to be hit by tourist tax

Rolex retailer Watches of Switzerland has said its UK sales continue to be impacted by “minimal return” from tourist spending due to a lack of VAT-free shopping. However, the group, which also owns the Goldsmiths and Mayors jewellery chains, said it was “cautiously optimistic” about trading over the next year as it posted a growth...