Latest accounts filed by Companies House provide an insight into the product categories commanding the most sales.
Global sales rise by 29% for Watches of Switzerland Group in Q2
Luxury watches remain critical to growth, while the fashion jewellery market continues to be challenging.
Aurum Holdings appoints new chairman to drive business development
Jewellery retail group Aurum Holdings has announced the appointment of a new chairman as it prepares for future growth. Dennis Millard, who has worked for leading retail companies in the UK and US, will join the group as a non executive chairman on 1 October 2018. The new appoints comes comes as the Aurum Holdings…
“In jewellery we are trying to be exclusive and not compete in the discount-led sector” says Aurum Holdings CEO
Aurum Holdings is looking to create exclusivity within in jewellery offering as the Group refuses to join in with today’s discounting culture. While watches now represent over 70% of business, when it comes to jewellery Aurum Holdings won’t get pulled into a pricing battle. Aurum Holdings chief executive officer, Brian Duffy, says: “In jewellery we…
Aurum Holdings poised to enter London stock market
Britain’s biggest jewellery and watch retailer, Aurum Holdings, has readied itself to enter London’s stock market by securing a deal with two banks. According to exclusive reports from Sky News, the jewellery and watch group has selected Goldman Sachs and Barclays to spearhead a public listing. It has been reported that the listing is likely…
REVEALED: The gender pay gap of the biggest jewellery firms in the UK
The gender pay gap between women and men in the UK jewellery retail industry is bigger than the UK average. Professional Jeweller and sister publication WatchPro has researched the UK’s eleven largest groups: Aurum Holdings, Signet Jewelers, Beaverbrooks, Fraser Hart, Swarovski, TH Baker, Thomas Sabo F.Hinds, Pandora, Chisholm Hunter and Tiffany & Co. Collectively, the groups employ…
Aurum Holdings secures surge in operating profit and sales for FY 2017
Aurum Holdings published its accounts for the financial year ending April 30 2017 today; confirming that sales rose 24.4% to £566 million and operating profit increasing 174.2% to £17.2 million. The accounting period pre-dates the acquisition of Mayors in the United States, which the group bought for $105 million in October 2017. Aurum Holdings, which…
Aurum Holdings pushes harder into luxury jewellery to match prestige of watch portfolio
Aurum Holdings is upgrading its jewellery offering to the same status as its portfolio of watches, which includes Rolex, Cartier and Patek Philippe. Over the last 12 months, Aurum Holdings has started to reposition its jewellery portfolio, adding new high-end luxury brands, and transforming Mappin & Webb and Goldsmiths into standalone retail jewellery brands. As…
Q&A: Head of jewellery buying at Aurum Holdings discusses bridal trends
Emma Towers, head of jewellery buying at Aurum Holdings, talks to Professional Jeweller about the bridal jewellery market. What bridal trends dominated the market this year? Whilst we continue, and expect, to see that most of our clients are choosing a classic engagement ring, we have been seeing more design led bridal styles available on…
Aurum Holdings is no longer up for sale, CEO reveals
Aurum Holdings is officially no longer for sale, the group’s chief executive revealed exclusively to Professional Jeweller’s sister publication, Watchpro, last night. Aurum’s private equity owner Apollo Global Management has spent the past year preparing the group for sale and speaking to potential buyers, but has decided there is more value in keeping the business…
