The Watches of Switzerland Group has expanded its Mappin & Webb portfolio following the acquisition of four Fraser Hart boutiques.
At the end of last year it was announced that the Anthony Nicholas Group had sold seven Fraser Hart stores to Beaverbrooks and The Watches of Switzerland Group.
As part of what the Group describes as a “major re-focusing and investment programme” in its two brands, Fraser Hart and Fields, an agreement has been made for the two national jewellers to acquire stores.
It has been confirmed that the Watch of Switzerland Group purchased four of the boutiques for £31.7m.
While there was a slight delay in this all going through, the Watches of Switzerland Group has now transformed two of its Fraser Hart acquisitions into Mappin & Webb boutiques.
The new Mappin & Webb stores are located in York and Kingston. They are both in key locations, with York being on the popular Coney Street and Kingston taking pride of place on the ground floor of the historic Bentall Centre
The stores will house Mappin & Webb’s wide collection of fine jewellery and engagement rings, alongside Rolex watches, which have a significant space in each new showroom. York will also house pieces from Messika and Gucci.