Jeweller Beaverbrooks will be relocating to a larger store in Bolton, set to open in spring 2021.

Its Crompton Place premises will be replaced by a new shop at Moorgarth Group’s Market Place Centre.

Beaverbrooks, which celebrated its centenary in 2019, has signed a new lease on the store.

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Anna Blackburn, managing director of Beaverbrooks, said: “We are committed to our loyal customer base in Bolton and are excited to build on our longstanding relationship by relocating to a new store in Market Place Centre, where we’ll continue to provide exceptional quality diamonds, jewellery and watches, and an even better shopping experience.

“We look forward to opening our doors in spring 2021 and are optimistic about the future success of our new store in the Market Place Centre, which is fast-becoming known as the heart of Bolton for high end fashion, as well as a retail and leisure destination serving the wider north west region.”

Meanwhile, Alison Stewart, asset manager at Moorgarth Group, commented: “The Market Place, a beautiful listed building and Heritage Asset has repurposed and opened the Vaults for restaurant and leisure within the town centre.

“Our £27 million investment, paired with the council’s exciting £1.5 billion regeneration plans, to include the demolition of Crompton Place, will enable the town centre to move forward and ensure it continues to retain and attract the very best retailers, eateries and leisure operators.

“We feel Beaverbrooks’ commitment to the Market Place Centre, particularly against a backdrop of uncertain times within the retail sector, is a very significant and incredibly positive step in this journey.”

Late last year, the jeweller reported that its strong pre-pandemic financial performance had cancelled out any difficulties presented by 2020. Read more below:

Beaverbrooks rides out Covid-impacted year on back of strong 2019 financial performance