Chapelle Jewellery acquired by Hilco Capital
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Independent jewellery chain Chapelle has been purchased for an undisclosed sum by restructuring and investment firm, Hilco Capital.
Hilco Capital, the owner of the HMV entertainment retail group, completed the acquisition from the company’s founders Paul and Margaret Mortimer, who will remain in operational control of the company.
Speaking to Jewellery Focus, Paul Mortimer, managing director, said: “We’re looking forward to working with the Hilco team to develop the business further. Margaret and I are very pleased and excited by what the future holds for Chapelle.”
Henry Foster, investment director at Hilco said: “We are delighted to have completed the purchase of the group and believe there is considerable opportunity to build on the excellent business created over the last 20 years by Paul and Margaret.
“We look forward to working with them and the existing management team to combine the resources brought by Hilco to further develop and grow the business.”
Chapelle, which offers discounts on end-of-season jewellery lines, currently has 24 stores in designer outlet villages across the UK, as well as a successful ecommerce site.
