×
1 857
Fashion Jobs
TK MAXX
Loss Prevention Officer - tk Maxx Bristol
Permanent · Bristol
LONDON CONTOUR EXPERTS
Marketing Executive/Junior Manager
Permanent · LONDON
ESTÉE LAUDER
Tom Ford - Business Manager - Flannels - Fosse Park, Leicester - 37.5 Hours - Full-Time - Permanent
Permanent · Leicester
VF INTERNATIONAL
International Account Coordinator - Ftc 12 Month
Permanent · NOTTINGHAM
TIMBERLAND
Credit Controller - German Speaking - Timberland
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - Italian Speaking - The North Face
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - French Speaking - The North Face
Permanent · CALVERTON
PINKO
Supervisor
Permanent · MANCHESTER
RALPH LAUREN
Operations Manager
Permanent · Cheshire
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - Sprucefield - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Edinburgh, John Lewis - 37 Hours - Full-Time, Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - Sprucefield - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - House of Fraser, Maidstone - 15 Hours - Part Time, Permanent
Permanent · Maidstone
ESTÉE LAUDER
Clinique - Consultant - Boots, Princes Street, Edinburgh - 14 Hours - Part Time - Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
HUGO BOSS
Wholesale - Senior Sales Executive - Hugo Womenswear
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Edinburgh - 16 Hours - Part Time, Permanent
Permanent · Edinburgh
SHISEIDO
Marketing Director - Shiseido, Clé de Peau Beauté, Drunk Elephant
Permanent · London
REISS
Buying Admin Assistant
Permanent · LONDON
Advertisements
By
Reuters
Published
Oct 28, 2016
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Owners of jeweller Thom Europe tap banks for sale or IPO

By
Reuters
Published
Oct 28, 2016

The owners of Thom Europe are considering new ownership options to help finance expansion across Europe, sources familiar with the matter told Reuters.


Thom Europe


Thom, which is majority owned by private equity firm Bridgepoint alongside France-based Apax, says it is the leading jewellery chain in Europe. It is currently interviewing banks to advise it on a possible sale or initial public offering, the sources said.

Such a process, known as a "dual-track" to explore both exit routes, would probably kick off early next year, according to one of the sources, who noted that the company expected to appoint an advisor soon.

Officials at Thom Europe and Apax were not immediately available for comment while Bridgepoint declined to comment.

Spokesmen from Thom's other backers, Altamir and Qualium Investissement, were also not immediately available.

Following recent acquisitions in Italy and Germany, Thom expects to have annual sales of more than 620 million euros (£557.22 million) with close to 1,000 stores and e-commerce sites and over 5,000 employees.

The company - which operates in the market for affordable, rather than luxury goods - is expected to draw interest from other private equity funds, who could take over from Bridgepoint and Apax and help drive expansion across Europe, the source said. It could also appeal to Asian investors, he said.

Alternatively, Thom could explore a stock market listing in Paris, home to luxury groups such as LVMH and Kering.

Created from the 2010 merger of French chains Histoire d'Or and Marc Orian, Thom Europe purchased Italy's Stroili earlier this year. Thom said earlier this month that it was buying Germany's Oro Vivo.

"After consolidating the French market, the group is now the natural consolidator for the entire European market," Thom Chief Executive Romain Peninque said in a statement on Oct. 14, which added that the newly enlarged company planned to continue to develop the identity of its brands and expand in a growing European market - in stores and online.

Despite a large retail footprint, Thom does not yet rank as one of Western Europe's top 10 jewellery chains by retail sales, as tracked by Euromonitor International. That list is dominated by luxury groups like Cartier-owner Richemont, Pandora and Bulgari-owner LVMH.

Makers of luxury watches and jewellery were hurt this year by weaker demand in Europe, which drew fewer tourists following attacks in Paris and Brussels.

The global retail market for jewellery is expected to top $315 billion this year, according to Euromonitor, with nearly two-thirds of that coming from the Asia Pacific region. Western European sales are expected to touch $28 billion.


 

© Thomson Reuters 2021 All rights reserved.