Jewellers Hamilton and Inches has announced Victoria Houghton as its new CEO from 1 April 2019.
Houghton will lead a “new era” for Hamilton and Inches, reigniting its rich heritage of holding the Royal Warrant as silversmiths to Her Majesty the Queen for more than 120 years, whilst introducing a new contemporary style to the brand.
She will take over a period of new stewardship from Stephen Paterson formerly CEO of the business who stepped down after 40 years of service.
The company said Houghton will bring the “business, creative buying and strategic management expertise” she gained from her previous role of non-executive for Hamilton and Inches since June 2018 to her new role.
The appointment of Houghton is part of a wider strategy by Hamilton and Inches to double turnover to £20m over the next five years. Additionally an “experiential” retail approach will be implemented in the George Street showroom, in addition to an investment to renovate the facia and internal aesthetics. This investment is also part of the company’s campaign to champion Edinburgh as one of the leading shopping destinations in the world.
Chairman of Hamilton and Inches, Peter Lederer, said: “Houghton is the perfect candidate to step into the new role of CEO for Hamilton and Inches. Houghton’s involvement over the past year has been exceptional and her understanding of global industry trends in retail and unique ability to get to the crux of the issues is impressive. She brings passion, dedication and a fresh approach to deliver the five-year growth strategy for Hamilton and Inches.”
The company added it has plans to maintain a leading position in the fine jewellery market by “further establishing partnerships with the finest, globally acclaimed brands in the industry.” Developing the watch offering of Hamilton and Inches with partners Rolex, Patek Philippe and Bremont, will also play an integral part of the strategy and it said each partner has endorsed the new appointment of Houghton as CEO.
Houghton said: “I am delighted to be joining Hamilton and Inches as CEO at such an exciting time for the business. I look forward to continuing my work to reposition such an iconic Scottish heritage brand to build market share in the global retail landscape.”