The enterprise was based in 1979 and has a popularity for championing British jewelry making.
C.W. Sellors has been purchased out of administration in a deal which saves 46 jobs (Picture: C.W. Sellors)
An impartial jewelry retailer buying and selling since 1979 has been bought after collapsing into administration, saving 46 jobs. The core buying and selling enterprise of C.W. Sellors was acquired by a newly shaped group of homeowners, together with members of the corporate’s current management workforce and out of doors traders.
The enterprise has a popularity for championing British jewelry making and design. It is usually recognized for its gross sales of luxurious timepieces through its excessive avenue boutiques and Jura Watches platform. It additionally owns W. Hamond. The corporate introduced on Wednesday (March 18) that investor, Stuart Hennell, will function Non-Govt Chairman whereas Antony Lindsay will change into CEO.
Mr Lindsay has nearly 30 years value of expertise within the jewelry and watch trade. He most just lately served as Chief Govt Officer of Fabergé.
He has labored throughout luxurious model improvement, worldwide retail and the worldwide watch and jewelry market.
The corporate’s new CEO stated: “C.W. Sellors is a well-established British jewelry and watch enterprise with sturdy foundations and a loyal buyer base.
“Our focus now could be on growing the enterprise additional whereas preserving the craftsmanship, experience and buyer relationships which have outlined the model for nearly half a century.”
Mr Hennell co-founded the posh watch platform Watchfinder, constructing it right into a world main, pre-owned watch retailer earlier than its sale to Richemont, which owns manufacturers together with Cartier, Van Cleef & Arpels and IWC Schaffhausen.
He stated: “What attracted me right here is the mix of a longtime retail enterprise and a digital platform with actual underlying power. With the appropriate execution, there’s clear potential to construct one thing very compelling.”
Rebecca Sellors, who’s a member of the corporate’s founding household, takes on the position of Managing Director whereas Alan Lloyd stays as Finance Director.
In its announcement on Wednesday, C.W. Sellors stated Ms Sellors’ place as MD would ensure that the values and rules which have formed the enterprise stay at its coronary heart because it enters its subsequent section.
A spokesman for the corporate stated the management workforce will concentrate on stabilising the enterprise after the current administration course of and rebuilding buyer confidence.
He added each its retail and on-line arms could be strengthened because of the acquisition deal.
The day’s greatest headlines in UK and World information and extra Subscribe Invalid e-mail
We use your sign-up to supply content material in methods you’ve got consented to and to enhance our understanding of you. This may occasionally embody adverts from us and third events primarily based on our understanding. You possibly can unsubscribe at any time. Learn our Privateness Coverage
The spokesman stated: “Because the acquisition secures the continuation of one of many UK’s best-known impartial jewelry and watch companies, the management workforce is now targeted on reinforcing the model’s foundations and revitalising each in-store and digital purchasing experiences.”
Branches in Derbyshire, Shropshire and Yorkshire stay open. Clients also can store on-line through cwsellors.co.uk, whamond.com and jurawatches.co.uk. All retail and workshop operations stay open.
Leave a Reply