John H. Lunn (Jewellers) Ltd, the trading name for Lunn’s in Belfast, has seen sales increase by 10.4% to £16 million in the financial year ended February 28, 2018.
During the financial year operating profit rose by 15.5% to £1.04 million for the jeweller which has three boutiques in Belfast.
Since the end of Lunn’s 2018 financial year, the company has announced plans to invest £1 million pounds in the creation of a monobrand Rolex boutique at its flagship boutique in Belfast’s Queen’s Arcade.
The jeweller is also planning to restpore the Queen’s Arcade back to its former glory.
The family run business, which owns the arcade – the home to its flagship in the city – has applied for planning permission for a £2m refurbishment.
Lunn’s chairman, Peter Lunn, told local press that the refurbishment of the arcade would bring hope to the city centre after the Primark blaze that hit headlines this summer.
Lunn told the Belfast Telegraph: “Queen’s Arcade has been a much-loved part of Belfast for almost 140 years and this £2m restoration will ensure that it remains a popular Belfast landmark for generations to come.
“While modern alterations have helped obscure what an architectural gem the arcade is, the proposed restoration will recapture its Victorian splendour and reputation as a home to specialist retailers.”
He continues: “The recent destruction of the Bank Buildings has been a horrendous experience for city centre retailers, but this city and its people are resilient and we have a vision for its future.
“We believe Queen’s Arcade has a big role to play in bringing people back into the city centre.”