The St. Anne’s based jewellery, diamond and watch retailer Beaverbrooks have announced that sales rose to record levels during its latest financial year and successfully created almost 200 jobs. The family-owned business say they have increased its workforce to 1,165 in the 12 months to the end of February 2023 while its turnover went from £202.4m to £225m. Over the same period, the company’s operating profits rose from £16.3m to £25.7m. The company was established in 1919 and has 85 stores across the UK, up from 70 in the prior 12 months.
Meanwhile, the Blackpool Gazette has shared the news that Beaverbrooks head office is on the move, reporting that a spokesperson said: ‘We can confirm that Beaverbrooks is moving from St Anne’s to a new premises in Lytham, and see this as being a positive move for both our company and for jobs on the Fylde Coast. Due to ongoing contract negotiations, we are unable to comment further at this stage, but more information will be released when we are in a position to.’
Chairman Mark Adlestone added: ‘As a family-owned business, enriching lives and making positive changes to the world is in our DNA, and this is reflected in every decision we make as a company. By staying true to our values, we have been able to deliver financial success and invest in our people and our infrastructure.
We are able to protect jobs during uncertain times and ensure we are paying our people fairly as well as paying bonuses to colleagues who are performing to a high standard. It has also meant we have been able to donate over £2.57m to charities at a time when it is needed most.
I am extremely proud to see that the fantastic work of our teams across the UK has led us to another strong year of financial success and I am confident our teamwork will help us continue to grow as a business.’