The founders of Chapelle Jewellery have spoken out amid the business entering administration.
Chapelle Jewellery was founded by husband and wife team Paul and Margaret Mortimer in 1979 as a retail business selling jewellery and watches at discounts of at least 30% against RRP.
In April 2015, it was sold to the restructuring and investment firm Hilco UK – the owner of the entertainment retailer HMV, which has also recently collapsed.
It was announced this week that the retailer plunged into administration after falling victim to difficult trading conditions.
Despite no longer being involved in the business, Chapelle’s co-founder told the East Anglican Daily: “We are very disappointed at the situation and feel sorry for the staff and suppliers who have been affected. We, and our team, built the business from one store, opened in 1998.
“Chapelle was the leader in its field when we sold it in 2015. It could certainly still be profitable and successful again and we sincerely hope that a retail focused buyer can be found.”
Chapelle is continuing to trade as a buyer for the business is sought.