Management shake-up wont halt growth says watch and jewel distributor.
Watch and jewellery distributor Nuval has taken on the distribution in the UK of Italian fine jewellery brand Chimento.
Chimento specialises in 18ct gold jewellery and Nuval believes that it will sit in the market alongside brands like Fope.
Nuval has now increased its house of brands to six: Technomarine, Philip Stein, Metal.ch, Atomic, Carl F Bucherer and now Chimento.
There has recently been a management shake-up at Nuval with the group’s former managing director Neil Duckworth announcing his intentions to leave the watch and jewellery distributor in May. At the time the group said that the company’s founder Jurek Piasecki would take a more active role in the day-to-day running of the business than he has in recent years.
The management team will be headed up by Richard Darling and Charlotte Cherie, with Cherie promising that rather than Duckworth’s exit putting a halt on expansion, the group will actually forge ahead with new ventures such as Chimento and also plans to strengthen the market share of its other brands.
Cherrie added: "We are planning growth across all of our brands. Everything is safe and secure with the business and we will carry on as usual [after Duckworth’s exit]. We are very much not slowing down."
Duckworth’s exit was described by Nuval and by himself as amicable, and Duckworth has spoken of his intentions to remain working within the watch and jewellery industry.