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Goldsmiths owner surprises staff with £1,000 ‘thank you’ bonus in wake of IPO

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Staff members working for Watches of Switzerland have been handed £1,000 as a ‘thank you’ bonus in celebration of the company being floated on the London Stock Exchange.

A total of 2,500 employees across the UK and US were given the bonus, including over 500 working at the company’s Leicestershire headquarters.

The group which owns Goldsmiths and Mappin & Webb stores across the country in addition to Watches of Switzerland retail outlets, is Britain’s top retailer for luxury watch brands.

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The firm’s chief executive, Brian Duffy, told BusinessLive: “We’re now on the main market of the London Stock Exchange.

“There has been a great response to what we’ve done from our teams, so we gave them an unexpected bonus of £1,000 each – or $1,300 for those in the US.

“That recognised the huge contribution every one of them made to the flotation, and we’ve had dozens and dozens e-mails since saying how much they appreciated it. I really believe in the business. I love the business and our teams and people up in Braunstone Frith, and the great job they do.”

Duffy also commented that the stock exchange flotation, which valued the group at around £650 million, was seriously oversubscribed, and the investment meant they could continue to build the business.

The group has big plans set out for the future, with a Watches of Switzerland shop set to pen at Gatwick airport in August and new openings also scheduled in London and Edinburgh.

Tags : bonusesLondon Stock ExchangeWatches of Switzerland
Patrick Cremona

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