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BJ Fitzpatrick Group, a Dublin-based jeweller wholesaler and retailer, saw its profits boosted to €23m (£20m) last year after it sold the Irish business of Pandora back to the Danish parent company.
According to The Times, accounts filed for the year ending 31 July 2018 shows BJ Fitzpatrick made a profit of €18.3m (£16.3m) from the sale of the 24 Pandora stores in owned in Ireland. In addition it also made €4.8m (£4.2m) profit from its own trading.
The company also reported turnover of €36.6m (£32.7m) with €28m (£25m) coming from business that is now discontinued by the Pandora sale.
Founded in 1938, BJ Fitzpatrick portfolio of brands including Pandora, Parfois, Alex and Ani, Hugo Boss watches, Tommy Hilfiger watches, Juicy Couture watches, Ferrari watches, Lacoste watches, and Hirsch. The group also owns six Parfois stores across the country.
