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The logo of of Watches of Switzerland is seen at a branch in London, Britain, May 30, 2019. REUTERS/Toby Melville/File Photo Purchase LicensingRights, opens new tab
Summary
Companies
No formal offer has been made, one of the sources said
Duffy engaged with initial approaches because he believed the market undervalued the company, two sources said
Shares remain below 2022 highs after Europe's luxury slowdown and Rolex's Bucherer deal