Retailers
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Aug- 2014 -19 August
Ortak reopens following £136,000 grant
Ortak has reopened its shop in Kirkwall town centre, Orkney, after receiving a £136,400 grant from the Highlands and Islands Enterprise (HIE). Earlier this year it was announced that Ortak had gone into administration and manufacturing ceased at the Hatston factory with redundancies made after the company failed to find…
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15 August
Drakes Group announces plans for expansion
Drakes Group has announced plans to expand its Plymouth store this year, taking over four units in the Drake Circus Shopping Centre. The family-run business has announced the opening of its “all new Drakes Store” on the first floor of the shopping centre, located alongside Next. The shop will occupy…
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5 August
Carat expands to 19 retail locations in Asia
Carat has continued to expand its retail footprint in Asia this year with store openings in Shanghai, Hong Kong and Bangkok, taking the total number of locations up to 19. Its most recent opening in Hong Kong shopping mall, Times Square, plants the brand firmly in one of the most…
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Jul- 2014 -23 July
Retail sales rebound solidly in July, says CBI
Retail sales volumes grew solidly in the year to July, rebounding from a disappointing performance a month earlier, according to the latest Monthly Distributive Trades Survey from the Confederation of British Industry (CBI). Retailers expect sales volumes to grow at an even stronger pace next month and stocks in relation…
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22 July
Tiffany CEO Michael Kowalski to retire in 2015
Tiffany & Co announced yesterday that its long-standing CEO, Michael Kowalski, will retire from the company at the end of March 2015, to be replaced by current president Frederic Cumenal. Kowalski, 62, joined Tiffany in 1983 and has been a member of the company’s board of directors since 1995. He became CEO…
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17 July
Los Angeles brand Danhov announces UK distributor
Los Angeles based fine jewellery brand, Danhov, has announced plans to partner with London distributor Opusliere. Opusliere will represent and sell the Danhov line of engagement rings, weddings bands and fine jewellery to luxury jewellery shops and department store throughout the UK. Jack Hovsepian, owner of Danhov, said: “We’re delighted…
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16 July
Dinny Hall celebrates wholesale and retail expansion
British jewellery brand Dinny Hall has announced further expansion of its wholesale business through Goldsmiths Jewellers. Goldsmiths is now retailing the brand’s sterling silver jewellery collections at 16 key locations throughout the UK, with the range consisting of pieces from the Almaz, Lotus and Toro ranges as well as a…
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16 July
Swag Jeweller buys Burrells of Tunbridge Wells
Swag Jeweller has announced the acquisition of fine jewellery and watch retailer, Burrells of Tunbridge Wells. Situated in Royal Victoria Place, Burrells is the culmination of Richard Burrells 50-year career in the industry, which saw him progress from an apprenticeship in Hatton Garden to opening a chain of his own…
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9 July
F Hinds’ summer of business accolades and influence
Family jewellers F Hinds has been awarded two separate business accolades, mere weeks after director Andrew Hinds succeeded Pravin Pattni as chairman of the National Association of Goldsmiths (NAG). First up was a nod from Family Business United (FBU), which awarded F Hinds the ‘Business of the Year’ in the London and South…
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4 July
Shop vacancy rate remains at its lowest level since June 2010
Britain’s shop vacancy rate in June remained stable at its lowest level since June 2010, according to the latest figures. Data compiled by the Local Data Company found the vacancy rate stayed unmoved at 13.4% in June. The picture remained stable across both retail and leisure uses which is reflected…
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