Welsh jewellery brand Clogau has reported an increase in turnover to £14.3m, with both its own store network and online business contributing to the growth. The company recorded a 0.8% improvement in revenue versus the £14.2m it posted the year before, according to accounts filed with Companies House this week for the year to 30…
Fraser Hart increases turnover to £80.8m
Turnover at Fraser Hart Limited increased by 5.72% to £80.8 million in its financial year ending June 2017. The national jewellery retailer, which celebrated its 80th anniversary last Christmas, now has 40 showrooms across the UK trading as Fraser Hart and a further 14 stores in Ireland under the Fields fascia. According to accounts filed…
Warren James records surge in full-year sales and profits
National jewellery retailer Warren James has reported a rise in profits to £42.7m in the year ended 31 March 2017. In accounts filed by Companies House this week, Warren James recorded a 12.3% increase in profits before taxation – rising from £37.7m in 2016. The document also shows operating profits for Warren James rose by…
Harrods smashes £2bn sales mark in record year
Harrods has posted its eighth consecutive year of record sales and profits, helped by demand from overseas customers. The world-famous retailer, which stocks luxury jewellery brands such as Tiffany & Co, Lorraine Schwartz, Harry Winston and Graff, broke the £2bn sales mark for the first time in the year ended 28 January 2017, accounts filed…
Theo Fennell rescued from administration by MBO
Theo Fennell has completed a management buy-out of his eponymous jewellery business after securing the backing of private equity investors. The jeweller has cut a deal with Enact, the SME investor managed by Leeds-based private equity outfit Endless, that will allow the business to continue trading. Theo Fennell had been in the middle of a…
TRENDS: Fresh collections at CMJ buyers meet pt1
Highlights from fine and fashion jewellery brands at the event.
Harrods revenue jumps 10% to £716 million
Luxury retailer has focused on investing in in-store boutiques. By Petah Marian UK department store Harrods reported record revenue, rising 10% for the year ended February 2 2013. In a Companies House filing the company said turnover rose to £716 million from £651 million last year. Operating profit fell 13% to £108.8 million due to…
Assia Webster dismisses financial trouble rumours
Director says documents represent reorganisation at Stephen Webster. Assia Webster, marketing director for Stephen Webster, has dismissed suggestions that the company is facing any financial difficulties. “Stephen Webster has never been in financial trouble,” she states in response to a request for clarification from Professional Jeweller. A report in this week’s Sunday Times revealed that…
