Aurum Holdings, a prestigious watch and jewellery group known for brands like Goldsmiths and Watches of Switzerland, had an outstanding year with a remarkable 21% increase in sales. This growth was a result of strategic decisions and significant milestones achieved throughout the year.
In the 12-month period ending in April 2018, Aurum Holdings surpassed Signet Jewelers to become the largest jewellery and watch retailer in the UK. The group also ventured into the competitive US market by acquiring Mayor’s Jewelers and Wynn, further expanding its reach and boosting sales to a staggering £685 million. Sales in America saw a growth of 9.9%, while UK sales increased by 5.2%, leading to a substantial Ebitda of £68 million, a 23.2% increase from the previous year.
With luxury watches making up 73% of total group sales, Aurum Holdings has intensified its focus on branded jewellery pieces to improve margins and repositioned its fashion and classic segment, resulting in overall performance enhancement.
These impressive results highlight Aurum Holdings’ transformation from a modest jewellery business to a global powerhouse. Speculations about a potential public listing in London or Zurich have been circulating, indicating the group’s strong position in the market.
In line with its evolution, Aurum Holdings will rebrand as Watches of Switzerland Group on September 1, showcasing its commitment to growth and excellence in the luxury watch and jewellery industry.
For more information on Aurum Holdings and Watches of Switzerland Group, please visit their official websites: Aurum Holdings and Watches of Switzerland Group.
