Berry’s Jewellers turnover jumps 43% to £77m
The company also stated that it believes the Tourist Tax is “hurting businesses” in Britain
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Berry’s Jewellers has revealed turnover hit £77.3m for the year ended 30 June 2023, a 43% jump.
Its operating profit was flat at £15m following significant investments in the refurbishment of showrooms and new store openings.
This included a dedicated Patek Philippe and fine jewellery showroom in York – adding to Berry’s network of stores on Stonegate.
Overall, the group now operates a total of 13 stores across Leeds, York, Newcastle, Nottingham, Windsor, and Hull.
These results were published alongside Inglis and Son Jewellers, Eaglesure Limited, John Dyson and Sons, and Walton Packaging under the Berens and Company umbrella.
The company also stated that it believes the Tourist Tax is “hurting businesses” in Britain.
Berry’s stated: “Turnover, particularly for the Windsor and York stores, continues to be adversely affected by the decision made by the UK government to abolish the VAT Retail Export Scheme (from January 2021). The company considers the continued abolition to be detrimental to its business as visitors to the UK will spend less on luxury items.”
