Chisholm Hunter reveals expansion plans with new funding

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04/09/2017

Leading Scottish jewellery company, Chisholm Hunter, has agreed a multi-million pound funding package to support expansion and the purchase of a new flagship store. This purchase follows an extremely successful 2016, with revenues up 11% from the previous year to £33M.

A new flagship store

The purchase of a new flagship store in Princes Street, Edinburgh, includes both freehold, commercial & residential property. The iconic store, which has commanding views of Edinburgh castle, will be one of the largest luxury jewellery retail spaces in the UK. The store extends over three floors and includes a designated Swiss timepiece room and luxury champagne bar.

Chisholm Hunter retails diamonds, jewellery and a range of high value watches and is the only jeweller in Scotland to offer the world’s most prestigious watch brands Vacheron Constantin, Breguet and Blancpain.

Harry Brown, CEO, has grown his business over twenty years to 25 stores across the UK, employing almost 300 people. The new store will brings a number of extra jobs to Scotland’s capital city.

Supporting family business at all levels

CEO Harry Brown, said: “We put customers at the heart of our business and we invest and grow our stores in response to demand. Our customers are looking for a luxury personalised shopping experience with help from our highly skilled sales professionals who are experts in their field. Princes Street will attract many international tourists and we look forward to continuing to grow and strengthen our business now and in the future.”

Donna Bateman, Associate Director, Corporate and Structured Finance, Clydesdale Bank, commented: “We are very pleased to be working with Chisholm Hunter. It has an extremely strong heritage, unique selling points, and ambitious growth plans. Family owned businesses are critical to the Scottish economy and we look forward to working with Harry and the team to build and develop the business.”

We're committed to supporting SMEs and family businesses. We're a proud sponsor of The Herald Scottish Family Business Awards 2017. We also recently pledged £6billion of lending for SMEs over the next three years.