Goldsmiths owner to launch IPO next year

The parent company of jewellery retailer Goldsmiths and watch specialists Watches of Switzerland is preparing to launch an IPO.

According to Sky News, Aurum Holdings, which currently trades from 150 stores across and employs over 1000 staff, has held talks with numerous investment banks with a view to going public over.

Although it is not yet clear whether it would pursue a listing in London or Zurich, it is thought that a public listing will reignite interest in an acquisition of the company, which is understood to be worth more than £600 million.

Should the IPO go ahead, it expected to launch it next year.

This comes six months after Aurum, which was acquired by Apollo Global Management in 2012, scrapped a previous round of talks with investors.

The group has recently cashed in on an expansion drive into the US with the acquisition of Mayors Jewelers and is now the largest luxury watch retailer in both Florida and across the UK, boasting a 36.4 per cent market shares.

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