Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Aurum is sparkling as it ponders sell-off

Tuesday 14 February 2012 01:00 GMT
Comments

The retail jewellery group Aurum Holdings has delivered a sparkling jump in operating profits as its owners mull a sale of the company.

This was driven by a 10.2 per cent rise in underlying sales and a focus on high-margin jewellery at the firm behind the Mappin & Webb and Watches of Switzerland chains.

The collapsed Icelandic bank Landsbanki put its majority stake in Aurum on the market last year and the group is thought to have attracted the interest of L Capital, the private-equity arm of LVMH. operating profit soared 53 per cent to £18.3m in the year to 29 January, on revenues of £300.6m.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in