Tag Archives: acquisition

Olivia Burton sold for £60m less than a year after expanding into jewellery

Olivia Burton sold for £60m less than a year after expanding into jewellery

Olivia Burton, the UK fashion watch brand that launched its own line of jewellery last year, has been sold to American watchmaker Movado in a cash deal worth £60m. The brand was only founded by Lesa Bennett and Jemma Fennings in 2011 but has made rapid progress in a short space of time, posting sales of £15m last year.

Chapelle Jewellery sold to private equity company Hilco Capital

Chapelle Jewellery, which operates 24 jewellery and watch stores in designer outlet villages across the UK, has been bought by Hilco Capital for an undisclosed sum. Chapelle offers discounts of up to 50% on end of season jewellery lines from brands including Hot Diamonds, Diamore and Canadian ice from its network of shops and its

Chrysalis acquired by Richline in precious push

Richline plots silver and gold ranges in international outreach. US company Richline Group has acquired UK charm bangle brand Chrysalis, and plans to upgrade its collections with silver and gold pieces in the coming months. Richline will also build on the brand’s existing US-based retail portfolio, which currently incorporates 700 doors. Founders and Professional Jeweller

Hearts On Fire brand acquired by Chow Tai Fook

$150 million deal will boost Chinese firm’s diamond portfolio. Chow Tai Fook Jewellery Group has entered into a conditional acquisition agreement with Hearts On Fire, whereby Chow Tai Fook will buy the entire stake of Hearts on Fire for US$150 million (£88.18m) on a cash-free, debt-free basis using its own internal funds. The move has

Signet sales to hit $6bn with Zale acquisition

Multiple retailer’s acquisition brings total outlet count to 3,600. Signet Jewelers has finalised its acquisition of North American jewellery and watch retailer Zale, in a move that will push annual sales to more than $6.2 billion (£3.7bn). The acquisition was made at $21 per share in cash, a total consideration of $1.46 billion following the approval

FF Group to cultivate Juicy Couture in Europe

Greek company wins brand’s wholesale and retail distribution rights. Folli Follie Group (FF Group) has announced an exclusive long-term partnership with US fashion and accessories brand Juicy Couture, becoming its European wholesale and retail distributor. The partnership with Juicy Couture owner Authentic Brands Group aims to strengthen the presence of the fashion brand across Europe. As

£13.5m Judith Ripka sale to boost outreach

US brand sold to omnichannel brand management firm Xcel Brands, Inc. US jewellery brand Judith Ripka has been sold to brand management firm Xcel Brands, Inc. for US$22.5 million (£13.5m), with the hope of reaching more followers in "new ways". Xcel Brands is an omnichannel brand management company, focused on retail sales -including licensing, distribution

$1.4bn Zale takeover further diversifies Signet

US giant enters agreement to acquire rival retailer’s 750 stores. Signet Jewelers Limited, owner of H Samuel, Ernest Jones and Leslie Davis stores in the UK, has entered into a "definitive agreement" to acquire US retail jewellery chain Zale Corporation for a reported $1.4 billion (£840m). According to Signet, the transaction brings together two leading

Signet acquires Botswana diamond polishing firm

Retailer seeks efficient, reliable and consistent supply of diamonds. Signet Jewelers Ltd, the US-based owner of H Samuel and Ernest Jones in the UK, has acquired a diamond polishing company based in Botswana in a bid to further streamline its manufacturing operations. The business has taken over the factory in Gaborone, Botswana, from H&A Cutting

Trollbeads acquires major stake in Fable Trading

Bead brand says move won’t affect daily operations of distributor. Trollbeads has announced the acquisition of a majority sharehold in its UK distributor Fable Trading Ltd. While the terms of the transaction were not disclosed, Fable Trading founders Sarah and Richard Morfoot will maintain an interest in the business, which will become a subsidiary of