Herbert Brown Announces Multimillion Pound Expansion Drive

Friday, 16 October 2009

 

The company, which currently has 30 stores across the UK, is undertaking a fast-paced expansion programme which will see an additional 10 stores open across Britain by June 2010, with further store openings planned thereafter. As a result the company is expected to create in the region of 60 new jobs over the coming year.

 

Herbert Brown was recently crowned Employer of the Year for the second year running by the National Pawnbrokers Association, which the company hopes will help it attract high quality candidates for the new positions.

 

The combined effects of the recession, which has seen more people looking for short term loan options, coupled with the increase in the value of gold has seen business boom.

 

Rod Mason, managing director of Herbert Brown, explains: "We have maintained our position as one of Britain's most established jewellers and pawnbrokers by reinventing the look and customer experience of pawnbroking.

 

"The business is experiencing its highest level of footfall in its 169 year history, due to a shift in perception of the pawnbroking industry and the opportunity to trade online. As a result our customer base has widened; we are now seeing a surge in customers seeking to buy vintage jewellery. In addition, pawnbroking has become one of the swiftest ways to access short term loan facilities for individuals and businessmen alike.

 

"The launch of our new full service website pawnbroking.co.uk has paved the way for a new phase in Herbert Brown's long history, and its success, together with a continued period of strong trading across our retail stores, has precipitated this challenging expansion drive."

 

Mason continues: "The next 18 months will see a dedicated expansion strategy rolled out across the country, with significant investment and job creation."

 

The first new retail stores to open are Derby, Morecambe and Wolverhampton which will start trading in November, all of which were previously Signet jewellery stores trading as H Samuel and Ernest Jones.

 

In addition to the new stores, Herbert Brown will also be establishing a number of 'Gold Kiosks', purchasing unwanted gold and jewellery from customers in popular shopping districts in the run up to Christmas.

Herbert Brown jewellers and pawnbrokers was founded in Leeds in 1840 and has more than 30 stores across the North of England, as well as online jewellery sales at www.herbertbrown.co.uk and online loans and jewellery purchasing via www.pawnbroking.co.uk

Herbert Brown is now part of Albemarle and Bond Holdings plc, forming one of the largest pawnbroking and retail jewellery chains in the UK.

Herbert Brown specialises in new, second hand and antique jewellery including pre-owned Rolex and other luxury watches.

Further company information can be found at www.herbertbrown.co.uk

 

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