At the time, speculation valued the deal at between $75 million and $100 million. With a total of sixty seven shops, The Jewellery Group is half the size it was in 2010. Myles Norman, common manager JPL, confirmed that a variety of the Angus & Coote and Goldmark ‘closures’ were storesthat had been transformed to, and re-branded as, Prouds. While the result’s impressive, like Michael Hill, the corporate has rationalised its retailer combine and footprint throughout Australia. Prouds increased its presence by an impressive forty four stores since 2010 , yet 43 Goldmark shops have been closed throughout the identical interval whereas eleven Angus & Coote shops got the chop. After 121 years of operation, the Thomas family decided to close its iconic Bourke Street Mall retailer in Melbourne in October 2017, as properly as the Warnambool, Wagga Wagga, Albury, Shepparton, Bendigo, Ballarat and Geelong shops.
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