Watches of Switzerland Pressured to Shift Listing from London to New York

Activist investor Gatemore Capital Management urges the move to unlock value and capitalize on U.S. market growth.

Gatemore Capital Management, holding 0.8% of Watches of Switzerland shares, advocates for the company to list in New York.
The move is seen as a way to access deeper capital pools, increase liquidity, and attract long-term investors.
Watches of Switzerland's U.S. market is projected to grow from 45% to 60% of its revenue by 2028.
The company's shares have dropped over 35% this year, with a significant dip following a profit warning in January.
Several other London-listed companies have recently moved to the U.S. stock market, citing higher valuations.