Monday, 10th May 2004 (4433 views)

Goldsmiths is reportedly looking into an acquisition deal with retail group Baugur possibly worth around £110 million.

The jewellery firm has increased its value with a new deal with private equity group Alchemy Partners, according to Ananova.

Following the new deal chief executive and chairman of Goldsmiths, Jurek Piasecki is set to remain in his position.

The chain has 165 UK stores and is the second largest UK jewellery retailer behind Signet.

Through the new deal Baugur is reportedly planning to expand Goldsmiths and move it across to Europe.

The jeweller makes turnover of £160 million a year and sales in the run-up to Christmas increased by 10.5 per cent.

 

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