All Accessories & jewellery articles – Page 27
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Signet to cut costs as it tries to tackle debts
Jewellery giant Signet has outlined plans to slash costs and more than halve its debt.The retailer, which operates fascias including H Samuel and Ernest Jones in the UK and Kay Jewelers in the US, said it will cut costs by $100m (£69.9m) in the US and aims to reduce net ...
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Don McCarthy insists that Aurum's future is safe
Aurum chairman Don McCarthy has insisted that the future of the jewellery group is secure and said the retailer has outperformed the beleaguered jewellery sector.
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Baugur files for bankruptcy
Baugur has filed for bankruptcy after an Icelandic court refused to grant its application to extend its protection from creditors.
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Mosaic has three months to refinance
Fashion group Mosaic has just three months left to refinance.
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Landsbanki keeps retailers at bay over Baugur pickings
Department store groups eager to cash in on the demise of Baugur may have a long wait, after Landsbanki reiterated its intention to retain the shares it now controls in Baugur-backed brands.
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Baugur's retail stakes stir interest
Retail investors including Sir Philip Green and Dragon’s Den star Theo Paphitis have been named as likely interested parties for Baugur assets, after its UK subsidiary was placed into administration at the close of last week.
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Baugur in administration
Updated: Baugur’s stakes in retailers House of Fraser, Hamleys, Aurum and Iceland have been placed in to administration.
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Glitnir makes demands on Baugur; buyers circle Hamley's
Nationalised Icelandic bank Glitnir has demanded repayments from beleaguered Icelandic investor Baugur, as tensions between it and its lenders intensify.
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Baugur stakes in retailers seized
Baugur stakes in retailers including House of Fraser, Hamleys, and Iceland have been placed under the control of nominated receivers to prevent any asset sale.
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Baugur-backed Aurum confirms business review
Aurum Holdings, the jewellery group backed by beleaguered Icelandic investor Baugur, has confirmed that it has appointed Ernst & Young to review the business and has distanced itself from the investor, which is on the brink of administration.
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Baugur boss Johannesson lambasts Landsbanki
Baugur boss Jón sgeir Jóhannesson has hit out at creditors after the Icelandic investor was forced to seek protection from administration yesterday.
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Jewellery giant Aurum reviews business
Baugur-backed jewellery retailer Aurum, which owns Mappin & Webb, Goldsmiths, Watches of Switzerland and Mydiamonds.com, has appointed Ernst & Young to review the business.
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Signet suffers poor Christmas
US jeweller Signet has said it expects profits to be within market forecasts despite revealing that like-for-like sales slumped over the Christmas period.
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Theo Fennell slips into the red
Jeweller to the stars Theo Fennell notched up losses of 840,000 in the six months to September 30 and revealed it will consider cutting back its expansion plans.
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Signet UK like-for-likes slide
Jewellery retailer Signet’s UK arm has suffered an 8 per cent fall in like-for-like sales in the past three weeks of trading.
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Theo Fennell circled by suitor as it warns on profit
Jeweller Theo Fennell has issued a profit warning and revealed that it has been approached by a party interested in buying a stake.
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Baugur rejects claim that retail businesses are for sale
Baugur has denied comments by Alchemy Partners chief Jon Moulton that he was offered a number of the Icelandic investor’s UK retail companies in the aftermath of the collapse of Iceland’s banking industry.
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Aurum posts robust sales
Baugur-backed jewellery group Aurum has posted annual sales of 261.7 million, an increase of 7.7 per cent on the year and 7.4 per cent on a like-for-like basis.
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New season of negative updates gives retail analysts little reassurance
Retail had regained favour in the run-up to the reporting season, but the first set of updates brought a slew of bad news.
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Signet first-half profits fall
Jewellery giant Signet – the company behind H Samuel, Ernest Jones and Leslie Davis in the UK– suffered a 27.8 per cent fall in profits in the first half of 2008.
