Trbusiness. The travel retail Trbusiness. The magazine for global retail and duty free professionals.UK jewellery giant put up for sale at $323m
By Doug Newhouse |
Shareholders in Aurom Holdings, the brand owners of Mappin & Webb, Watches of Switzerland and Goldsmiths the jewellers have put the company up for sale and are looking for around £200m ($323m) for the group which operates several shops at London Heathrow Airport.
The Watches of Switzerland brand operates in Terminals 1 and 4, while Mappin & Webb has shops in Terminals 3 and 5. In total the group reported record domestic market and travel retail sales last year of £326m ($527m) and £16m ($25.8m) in profits (+16%).
The sale is being managed by Cavendish Corporate Finance and several private equity companies and fund managing firms are said to be interested in acquiring the business.
The Sustainability Pitch Session 1: Chilly's
TRBusiness is delighted to announce the first Sustainability Pitch session of Travel Retail...
TR Sustainability Week: Qatar Duty Free updates on reusable bags initiative
Thabet Musleh, Senior Vice President, Qatar Duty Free (QDF) has confirmed to TRBusiness that...
Blueprint hails True Gum GTR growth as brand gains B-Corporation status
Travel retail business development agency Blueprint is celebrating growing momentum for...
In the Magazine
TRBusiness Magazine is free to access. Read the latest issue now.
