Non-doms: South Africa’s richest woman is fighting to stay in the UK Entrepreneurship When it comes to leaving countries in a hurry, Magda Wierzycka has plenty of experience. At just 12 years old, the South African entrepreneur and her parents fled their native Poland under the the cover of night, becoming refugees after its communist government declared martial law. Ending up in South Africa – via an Austrian [...]
Brownlee signs off T100 Triathlon season with best fninsh yet Sport Britain’s Alistair Brownlee admitted the stars had aligned for him after he signed off the inaugural T100 Triathlon World Tour season with a first podium place. Brownlee had to overcome 32C heat, falls, penalties and a lack of preparation to snatch an unlikely third place in Dubai on Sunday. It earned the two-time Olympic champion [...]
Autumn Budget 2024: Labour abolishes non-dom tax status Economics The Labour government has confirmed plans to scrap the non-dom regime despite a last ditch effort from the community and its advisors to warn against the move. As part of the Budget, Rachel Reeves confirmed she would fulfil the promise made in Labour’s manifesto to remove the tax status, in a move that one advisor [...]
Analysts split over US listing for Watches of Switzerland following activist investor campaign October 23, 2024 London-listed Watches of Switzerland has come under pressure from activist investor Gatemore Capital Management to ditch its UK listing for the US, with analysts split over whether the decision would be beneficial for the firm. The UK’s biggest Rolex seller, which runs 221 stores globally, listed in London in 2019 and is currently a member [...]
When it comes to luxury watches, the 1990s are back, baby! October 20, 2024 It’s an observation likely to provoke a torrent of below-the-line abuse in watch nerd circles. But here we go: luxury watches as we know and love them owe their existence to a surprisingly modern confluence of circumstances. While the mechanics inside still tick to the tune of 200-year-old technology something happened in the decade that’s [...]
The latest watch news from Swatch, Saint Laurent and more October 20, 2024 The latest goings-on in the world of haute horlogerie, from a back-to-the-future 1970s LED digital to Swatch’s new Mission on Earth range and an actually-futuristic LED analogue DIODE TO JOY In the early 1970s, Girard-Perregaux took it upon itself to develop (at huge cost) its own battery-powered movement, the Calibre 350. Appropriately, the 350 launched [...]
Three recessions, two children and a pandemic later – my fine jewellery brand still shines on October 14, 2024 Kiki McDonough chats through four decades of her award-winning fine jewellery business
Rolex: Sales at luxury watch maker rise time after time October 10, 2024 Sales at the UK arm of Rolex rose by almost £80m during 2023, for the 17th consecutive year. The London-headquartered division has reported a turnover of £685.2m for the 12 months, up from the £608.1m it achieved in 2022. Newly-filed accounts with Companies House also show that its pre-tax profit increased from £59.4m to £65.8m [...]
Watches of Switzerland snaps up US media firm in online luxury push October 4, 2024 Watches of Switzerland has acquired New York-based media company with editorial focus on wristwatches, as the luxury watch seller aims to gain online growth
Canary Wharf Group’s credit rating cut further into ‘junk’ amid office exodus September 11, 2024 Canary Wharf Group's credit rating was cut deeper into "junk" status by Fitch as the east London financial district struggles to attract workers to its offices and battles an exodus of star tenants.