Retailers

Master jewellers Steven Stone opens its new showroom in Manchester’s Spinningfields

Steven Stone, the bespoke jeweller specialising in diamond and gem set jewellery, is opening a new showroom in Manchester’s Spinningfields area, over 80 years since the company was originally founded in Manchester. It will join their two other showrooms – located in Marylebone, London and Hale, Greater Manchester – and…

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Blossom Copenhagen launches new collection

Blossom Copenhagen has released a new jewellery collection based on designer Christina Elbro and her husband Holger Elbro’s perception of life. Christina ElbroI said: “I am a true romantic and I design jewellery for women who love a feminine touch. My favourite symbol is the heart, and that is the…

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Breitling marks expansion into Chinese market with gala celebration

Breitling, the Swiss watch brand, hosted a celebration of its entry into the Chinese market with a red carpet gala night at Beijing’s Phoenix Center on November 20, 2018. International movie stars and Breitling Cinema Squad members Brad Pitt and Daniel Wu were on hand to mark the occasion, along…

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Beaverbrooks operating profit increases to £13.7m

Operating profit before discretionary payments at Beaverbrooks the Jewellers increased to £13.7m during the 53 weeks ended 3 March 2018, its newly published accounts reveal. The company’s annual report and financial statements showed a £1.4m operating profit increase from £12.3m to £13.7m in the 2017/18 period. Annual turnover also increased…

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Historic Chester jewellery store saved from closure

Lowe & Sons, located in Chester, has been saved from closure after its lease was bought by Powells Fine Jewellery, and is set to reopen on 16 November 2018. The independent and historic jewellery store has been trading in the region since 1770 and has occupied its existing premises in…

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Pandora reduces FY expectations amid ‘unsatisfactory Q3’

Pandora has reduced its full-year expectations after experiencing an “unsatisfactory” third quarter in 2018. In Q3 group revenue decreased 3% in local currency due to “timing of shipments, change of inventory levels in the wholesale channel and negative total like-for-like”. Revenue from its estore increased 52% in local currency, up…

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Autumn Budget 2018: Business rates cut for SMEs and new digital services tax

Chancellor Philip Hammond has confirmed plans to give smaller retailers a 33% cut to business rates and introduced a new digital services tax for companies with at least £500m in global revenue. The reduction in rates will take place over the next two years and is expected to save businesses…

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Retail sector ‘to face £186.45m business rates increase next April’

Retail firms will see business rates increase by £186.45 next April for the year 2019/20, according to real estate advisor Altus Group. September’s Consumer Prices Index (CPI) measure of inflation, announced on 17 October at 2.4% will determine business rate rises in England for the next year. It is its…

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Retailers could be forced to publish ethnicity pay gaps

Prime minister Theresa May has announced a series of measures to tackle ethnic disparities in the workplace, which includes the mandatory publishing of ethnicity pay gaps. The government has invited businesses to share its views on this mandatory approach to ethnicity pay reporting, since according to the group the number…

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Bibi Bijoux London to open its first concession in Selfridges

Bibi Bijoux London has opened its first physical presence with the opening of a concession inside Selfridges, the Trafford Centre, Manchester. The award-winning brand’s Autumn Winter 2018 collection are also available in the store featuring the six collections: Tassel, Birdcage, Celestial, Coin, Waterfall, Rose Garden. The designs include classic profiles…

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