Retailers

MadaLuxe acquires majority stake in jewellery brand Ippolita

Global luxury brand MadaLuxe Group has acquired a majority stake in Ippolita, the New York-based fine jewellery brand founded by designer Ippolita Rostagno. The acquisition adds Ippolita to its portfolio of fashion and lifestyle brands spanning ready-to-wear, leather goods, footwear, accessories, watches, home and spirits.  Financial terms of the transaction…

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Hugh Rice Jewellers appoints Hannah Hirst as retail director

Hugh Rice Jewellers has appointed Hannah Hirst as retail director, adding her to the board as part of efforts to strengthen the business and enhance the customer experience. Hirst has been promoted from her role as procurement manager, a position she has held since 2021.  She has worked at the…

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UK shoppers to spend £3.6bn in Boxing Day sales

UK shoppers are expected to spend £3.6bn during the Boxing Day sales this year, according to the latest Barclays Consumer Spend report, despite a fall in the number of people planning to take part. Barclays said the average Boxing Day shopper plans to spend £253, up from £236 in 2024.…

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Platinum jewellery demand holds up despite price volatility

Global demand for platinum jewellery has remained resilient in the third quarter of 2025 despite volatility in precious metal prices, according to the latest Platinum Jewellery Business Review from Platinum Guild International (PGI). PGI said elevated gold prices continued to weigh on overall jewellery demand, but platinum gained share in…

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Kering to acquire 20% stake in Raselli Franco

Kering has agreed to acquire a minority stake in Raselli Franco Group, one of Europe’s largest independent luxury jewellery manufacturers, in a deal that paves the way for full ownership by 2032. The French luxury group said it will initially acquire a 20% stake in the family-owned Italian business for…

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Richemont UK FY sales rise 5% to record £277m

Richemont has revealed that its UK sales rose 5.3% to a record £277m for the year ended 1 March 2025. Furthermore, the company’s gross profit rose from £113.6m to just under £124m with operating profit almost tripling from £12.5m to £32m. Meanwhile, its net profit for the year jumped from…

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Thomas Sabo to launch new SS26 jewellery collection

Thomas Sabo is set to launch its new Spring and Summer 2026 jewellery collection on 22 January 2026 in selected stores and online. The collection references 2026 as the Year of the Horse and spans three established lines: Sterling Silver, Rebel at Heart and Charm Club.  The ranges are titled…

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Manish Jogia acquires Newey’s Jewellers

Manish Jogia, the owner of independent jeweller Sonny’s Jewellers and luxury boutique JQ Diamonds, has officially acquired Newey’s Jewellers, further solidifying his investment in the Jewellery Quarter. Newey’s, located in its established premises in the Jewellery Quarter, is now part of Jogia’s expanding jewellery family. Although the long-term plans for…

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Pandora appoints new chief executive

Pandora has announced the appointment of Berta de Pablos-Barbier as its chief executive, effective 1 January 2026, completing a leadership transition earlier than originally planned. Pablos-Barbier, currently chief marketing officer, would succeed Alexander Lacik as chief executive, with the change initially expected to conclude at the company’s annual general meeting…

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Mappin and Webb returns to Birmingham with new showroom

Mappin and Webb has reopened in Birmingham after more than 20 years, with the Watches and Switzerland Group unveiling a refurbished showroom beneath the Burlington Hotel on New Street. The 260 sq mt site follows a seven-month rebuild and sits close to the city’s Jewellery Quarter. The group said the…

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