Tue, 05 Apr 2011 | BUSINESS SALE
Luxury watch and jewellery company, Aurum Holdings, has been put on the market by its shareholders in a bid to capitalise on one of the strongest trading years in its history.
The company - which owns such high-end brands as Mappin & Webb, Watches of Switzerland and Goldsmiths - is reported to have a £200 million price tag. Shareholders are hoping that a new investor will allow it to realise its expansion plans.
Sales in the year to January 30, 2011 reached a record £326 million - a 16.6 per cent year-on-year increase on previous figures. The earnings before interest, taxes, depreciation and amortization (EBITDA) was £161 million, marking a 49 per cent increase in online like-for-like sales.
Aurum Holdings' chairman, Don McCarthy, said they had been one of the few success stories of the British high street since their comprehensive restructuring in 2009.
"Justin Stead, Aurum Holding's CEO, and his team have significantly outperformed the first two years of our investment plan and we have therefore decided to look for a new investor that is able to assist this team in capitalising on the very significant and credible opportunities that are now presenting themselves," he explained.
The company is currently owned by Icelandic bank Landsbanki Islands hf, Mr McCarthy and Aurum's management team.
The company specialises in the design, supply, and installation of M&E and refrigeration systems within retail, storage, warehousing, office, banking and other clients’ premises. In addition, the company offers refrigeration and air conditioning PPM...
A freehold of a hotel that fell into administration earlier this year has been brought to market. A historic 19th century property situated in ideal location near the Peak District National Park which attracts over 13.25 million visitors each year. O...
This is an opportunity to acquire a provider of engineering, advisory and project management services for the domestic and international energy industry. Offers are requested by no later than 5pm (BST) on Tuesday 30 April 2024 with the view to comple...
29
|
Apr
|
South Wales environmental firm undergoes MBO | MBO/MBI
South Wales-based SJ Environmental Limited has undergone a m...
29
|
Apr
|
Administrators bring Knutsford hotel to market | COMMERCIAL PROPERTY
The freehold of a hotel in Knutsford that fell into administ...
26
|
Apr
|
Major double glazing firm Everest enters administration | ADMINISTRATION
Everest, one of the largest providers of double-glazing in t...
08
|
Oct
|
2018: Top Track 250 | BUSINESS NEWS
It's often difficult for businesses to achieve growth o...
09
|
Jul
|
Hamleys close to new French ownership | BUSINESS SALE
French toy seller Groupe Ludendo is set to purchase its UK e...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.