MONTH IN REVIEW
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The bracelet acts as a key to daily
life , allowing the wearer the ease
and convenience to make high value
payments up to £200,000 and even
unlock your supercar .
Armillion
ADMINISTRATIONS
Chapelle enters
administration
Jewellery and watch retailer Chapelle
has entered into administration, four
years after it was sold to HMV owners
Hilco UK.
Philip Duffy and Sarah Bell of
accountancy firm Duff & Phelps have
been appointed as administrators of
both Mortimer Management Group
and The Jewellery Outlet which makes
up Chapelle.
The business was founded in 1979 by
Paul and Margaret Mortimer as a retail
business that offered watches and
jewellery with a 30% discount off RRP.
Chapelle currently operates 21 stores
and stocks brands such as Fiorelli, Fred
Bennett, Guess and Michael Kors.
Jimmy Saunders, director, Duff &
Phelps, said: “Trading conditions for
UK retailers continue to be extremely
challenging with the British Retail
Consortium reporting the worst retail
sales for December in 10 years.
“Whilst the current management
team has spent the last two years
working hard to enhance the store
estate, brand proposition and driving
significant operational efficiencies,
economic uncertainty continues to
weigh heavily on consumer confidence.
He added: “In addition, retailers face
rising business rates, national minimum
wage increases and a paradigm shift in
the retail landscape. This has impacted
most retailers and as a result of trading
losses, Chapelle could no longer meet
its ongoing liabilities.”
12 JEWELLERY FOCUS
EVENTS
IJL to host
Dinny Hall event
International Jewellery London (IJL)
are hosting an evening with jewellery
designer Dinny Hall and journalist
Alexandra Shulman.
It is the first in a series of year-round
consumer events hosted by IJL with top
jewellery designers, industry experts
and influencers.
Dinny Hall and Alexandra Shulman
will be in conversation at Liberty
London, the store where Dinny Hall
Jewellery’s rose to prominence . In
this “landmark setting” IJL said the
pair will discuss “jewellery, creativity,
tomorrow’s talent, and much more”.
Katie Morris, IJL Exhibition Director
said: “IJL is delighted to be hosting
these two trailblazing women at the
first of our consumer events next
month. The consumer reception for
this event has been brilliant and it is
fantastic that the event is sold out.
“This is part of IJL’s work with the
UK jewellery industry to tell the story
of the UK jewellery; the designers, the
manufacturers, the retailers and the skill.
The events will give the consumer a
chance to learn more about the passion
and dedication of those in the sector.”
Trading conditions for UK
retailers continue to be extremely
challenging with the British
Retail Consortium reporting the
worst retail sales for December
in 10 years
Jimmy Saunders, director, Duff & Phelps
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TECHNOLOGY
World’s most
expensive
contactless
payment and
multi-key
bracelet
Armillion has launched a new
multi-key bracelet dubbed ‘the
world’s most expensive contactless
payment and multi-key bracelet to
open your supercar . ’
The Armillion Bracelet is a
contactless payment and multi-key
device which doubles as a luxury
bracelet accessory.
With a maximum of 10 made per
model the Armillion bracelet is described
as a “true symbol of exclusivity”. The
bracelet is are made from high-end
materials such as titanium, 18K golds and
hit-tech ceramics.
Prices start at £34,045 to £46,480,
and can be made with bespoke
materials should the wearer require.
On release of the product Armillion
stated: “Born out of a combination
of cutting-edge technology, Swiss
ingenuity and watchmaking design,
this is the new benchmark for men’s
haute joaillerie.
“The bracelet acts as a key to daily
life, allowing the wearer the ease
and convenience to make high value
payments up to £200,000 and even
unlock your supercar.”
END: THAT’S ALL. YOU ARE NOW UP TO DATE
February 2019 | jewelleryfocus.co.uk