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Monday, 10th May 2004 (6316 views)

Goldsmiths is reportedly looking into an acquisition deal with retail group Baugur possibly worth around £110 million.<BR/><BR/>The jewellery firm has increased its value with a new deal with private equity group Alchemy Partners, according to Ananova.<BR/><BR/>Following the new deal chief executive and chairman of Goldsmiths, Jurek Piasecki is set to remain in his position.<BR/><BR/>The chain has 165 UK stores and is the second largest UK jewellery retailer behind Signet.<BR/><BR/>Through the new deal Baugur is reportedly planning to expand Goldsmiths and move it across to Europe.<BR/><BR/>The jeweller makes turnover of £160 million a year and sales in the run-up to Christmas increased by 10.5 per cent.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=2591105"/>

 

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