At the event, the first of their biannual gatherings, Houlden members reported a rise in sales performance for 2018 despite Brexit uncertainty.
Pandora UK boss rates first year in charge as a ‘six or seven out of 10’
Jewellery giant Pandora has unveiled its full-year company results for 2017, citing an 8% revenue growth in local currency for the UK. The report attributes the UK’s growth to a strong performance by its eStore, the expansion of the network, and the acquisition of concept stores. When Professional Jeweller spoke to the brand’s UK managing…
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…
Asprey Holdings suffers £19m loss despite huge surge in sales
High-end jewellery retailer Asprey Holding has posted another year of losses despite a bumper year of sales. While turnover rose 62.5% to £36m for the year ending March 2017, compared to £22m for the same period in 2016, the jeweller suffered an operating loss of £6.2m. Overall losses totalled £19m for 2017, compared with £14m…
BRC welcomes extension of business rates review
The British Retail Consortium (BRC) has stated that it welcomes the extension of the business rates review announced in Chancellor George Osborne’s Autumn Statement yesterday. The Chancellor used his joint Autumn Statement and Comprehensive Spending Review to announce that the year-long review of the outdated business rates system will be extended with its report now…
Borro plans second valuation day after successful debut in London
Borro plans to hold a second Valuation Day before the end of the year following a successful first event in London last week. The company, which typically operates only online, provides finance to consumers and businesses which use luxury assets such as jewellery and watches as security. The June 18 Valuation Day took place at…
Albemarle & Bond fulfilling market expectations
Four month into financial year, group’s pledgebook is up 5.3% y-o-y. Albemarle & Bond has released a trading statement, outlining that four months into its financial year it is performing "in line with full year market expectations". The group’s pledge book at the end of October 2012 was 5.3% higher than at October 2011. Though,…
Millionaires buying luxury goods to keep cash safe
High-net-worth individuals hold 9.6% of assets in "treasures". A study by Barclays has revealed that high-net-worth individuals and millionaires have around 9.6% of their assets tied up in luxury goods including fine jewellery, coins and precious metals, items the bank has dubbed “treasures”. The report, outlined in The Times today, offers that millionaires across the…
NAG selects Pay4Later’s consumer finance solutions
Service to offer consumers spreadable payment solutions for purchases. Pay4Later, the UK’s fastest growing provider of promotional credit has been selected by The National Association of Goldsmiths (NAG) to provide in-store and online consumer finance solutions to their member retailers. The company offers a number of credit options for retailers and consumers including 0% interest…
NAG endorses Pay4Later consumer finance solutions
Service offers consumers spreadable payment options on purchases. Pay4Later, one of the UK’s fastest growing providers of promotional credit, has been selected by The National Association of Goldsmiths (NAG) to provide in-store and online consumer finance solutions to their member retailers. The company offers a number of credit options for retailers and consumers including 0%…
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