Saturday, September 26, 2020

Hilco Capital takes a shine to Chapelle Jewellery

Nottingham-based specialist designer outlet jewellery chain Chapelle Jewellery has been sold to investment firm and owner of the HMV entertainment retail group, Hilco Capital.


Chapelle Jewellery, which operates 24 stores in designer outlet villages and a successful ecommerce website, is the largest jewellery retailer specialising in selling end of season jewellery and watches at discounted prices.The deal was brokered by Smith Cooper’s corporate finance team members John Farnsworth and David Crump, who acted as lead advisers to Paul and Margaret Mortimer, founders of Chapelle Jewellery. Legal advice was provided by Ran Oren and Martyn Brierley of Flint Bishop, whilst Natasha Smith, partner at Smith Cooper provided tax advice.Farnsworth said: “This transaction is a significant milestone for Chapelle Jewellery, which comes after a long and successful period of ownership. The sale to Hilco Capital and the opportunities it will generate will position the business for many more years of growth. We’re delighted that Paul and Margaret engaged us to assist them in the sale of their business.” Oren added: “Paul and Margaret have devoted a large part of their lives to build a successful and reputable business. It was a pleasure to work with them and alongside Smith Cooper’s corporate finance team, who provided valuable lead advisory advice to Paul and Margaret. This transaction completed in in just over 5 weeks from agreeing heads of terms, which was a real achievement.” Following the sale of the business, Paul and Margaret Mortimer will maintain operational control of Chapelle, which they have been building for the last 20 years. Mortimer said: “Both Margaret and I are proud to have been the owners of Chapelle Jewellery for the last twenty years. I think I speak for both of us when I say that we’re thoroughly looking forward to working with the Hilco team to develop the business even further. Hilco have extensive experience that will allow for continued development and growth.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 lockdown having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.






Latest news

20 years in the making – Serena Humphrey launches ‘The F Word Academy’

One of the region’s most respected business figures, Serena Humphrey, has celebrated two decades in business and more than 30 years in the financial...

East Midlands Bricks Awards 2020 goes fully digital

East Midlands Business Link is pleased to announce that despite Governmental guidelines making in-person conference and events of the size of the Bricks Awards...

University to create Smart Wireless Innovation Facility as part of ‘smart campus’ project

Nottingham Trent University’s Clifton Campus will see the implementation of new 5G connectivity and infrastructure as part of a new ‘smart campus’ project. As well...

Time Out: Ashley Oates, Head of Sustainability at Ward

The weekend has crept up on us once again. That means it’s time for some quickfire questions with another business leader from our region. For...

Commissions calls for £4.2bn annual skills investment to combat COVID, reboot economy

The Future-Ready Skills Commission is calling for £4.2 billion of skills investment a year to reboot the economy and help the UK recover from...

Related news

Haulage, storage and distribution firm secures 55,000 sq ft unit at St. Modwen Park Lincoln

St. Modwen will have another new occupier at St. Modwen Park Lincoln after haulage, storage and distribution firm George H Kime & Co Ltd...

20 years in the making – Serena Humphrey launches ‘The F Word Academy’

One of the region’s most respected business figures, Serena Humphrey, has celebrated two decades in business and more than 30 years in the financial...

East Midlands Bricks Awards 2020 goes fully digital

East Midlands Business Link is pleased to announce that despite Governmental guidelines making in-person conference and events of the size of the Bricks Awards...

University to create Smart Wireless Innovation Facility as part of ‘smart campus’ project

Nottingham Trent University’s Clifton Campus will see the implementation of new 5G connectivity and infrastructure as part of a new ‘smart campus’ project. As well...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close