Retailers
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Dec- 2020 -15 December
Betts Group adopts SMO gold manufacturing
Betts Group has marked its 260th anniversary by announcing the use of responsibly sourced gold in all of its manufactured gold products. The group has revealed that it will now be using ‘Single Mine Origin’ (SMO) gold to manufacture all of its gold products. The company first began offering SMO…
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11 December
Vincero Watches sees 120% UK revenue surge
Vincero Watches has announced a surge in its international growth with a 120% increase in revenue in the UK. The group saw international revenue increase by 87% in the Netherlands and 44% in Australia as well as an international conversion rate growth by 31% year-on-year. The watchmaker also announced it…
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8 December
Watches of Switzerland opens Knightsbridge Showroom
Watches of Switzerland Group has announced the opening of its Knightsbridge flagship, which features a new 1,377 sq. ft Rolex showroom. The original flagship opened back in 2016 and was part of the brand’s ‘golden triangle’ retail offering, along with its Oxford Street and Regent Street showrooms. The new showroom…
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8 December
Vashi to open new flagship store in London
Bespoke jewellery brand Vashi has announced that its new flagship store, located on the corner of London’s Covent Garden Piazza and James Street, will be opening in spring 2021. The new store spans across 4,476 square feet onto two floors, making it the seventh and largest store for the brand.…
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3 December
Watches of Switzerland opens Liverpool Street showroom
Watches of Switzerland has opened a new showroom in London’s east end. The group has chosen 100 Liverpool Street, Broadgate to open the latest Watches of Switzerland showroom, near where the company first began trading on Ludgate Hill in 1924. The showroom opened it doors yesterday (2 December) and the…
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2 December
Betts Metal Sales to reopen jewellery counter
Betts Metal Sales has announced the reopening of its Birmingham jewellery quarter trade counter for business. The family-run firm has announced that its premises in Spencer Street will be open to the public, following the latest national coronavirus lockdown. Despite the current Tier 3 restrictions in Birmingham, the Betts Metal…
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1 December
De Beers announce 12 sustainability goals
De Beers has announced 12 sustainability goals for the coming decade, which includes achieving “gender parity” throughout its workforce, and being carbon neutral within its own operations by 2030. As part of the 2030 goals, the diamond group said it aims to support 10,000 women entrepreneurs in its diamond producing…
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Nov- 2020 -30 November
Shops permitted to open for 24 hours a day
Shops in England will be allowed to trade for 24 hours a day in the coming weeks, housing secretary Robert Jenrick has confirmed. The relaxation of trading hours has been made in a bid to support struggling businesses in the run-up to Christmas. Writing in The Telegraph, Jenrick said: “None…
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27 November
Tiffany and Co Q3 performance beats expectations
Tiffany and Co has managed to beat expectations by reporting a net sales decrease of only 1% to $1.008bn (£756m) compared with $1.014bn (£760m) last year in its third quarter financial statement ending 31 October 2020. The jeweller said the decrease was attributed to cost management schemes and the ongoing…
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26 November
Beaverbrooks reports annual turnover rise of 12.4%
Beaverbrooks has released its latest financial statement for the full year to 29 February 2020, which saw its annual turnover increase 12.4% to £143.2m from £127.4m last year, reflecting the sixth consecutive year of growth for the organisation. During the same period, the jewellery company also reported its operating profit…
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