×
155
Fashion Jobs
LIFESTYLE BRANDS
Area Manager-Projects Execution (Telangana &Amp; Andra Pradesh)-Hyderabad
Permanent · BENGALURU
LIFESTYLE BRANDS
Brand Financial Manager - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Brand Training Manager, Planet Fashion - Bangalore
Permanent · BENGALURU
DA MILANO LEATHERS PRIVATE LIMITED
Assistant Manager- Payroll
Permanent · DELHI
UNIVERSAL MANAGEMENT CONSULTANTS
Head of Human Resource
Permanent · BENGALURU
UNIVERSAL MANAGEMENT CONSULTANTS
Head of Human Resource
Permanent · DELHI
KOELLE DESIGNS PRIVATE LIMITED
Assistant Manager Purchase
Permanent · JAIPUR
CAREERMARK 6
HR Manager
Permanent · HIRIYUR
LINEN DESIGN COMPANY PVT.LTD
Senior Corporate Sales Manager
Permanent · GURUGRAM
UNITED HR SOLUTIONS PVT LTD
Business Development
Permanent · AHMEDABAD
AND DESIGNS INDIA LTD.
Buyer & Planner
Permanent · NAVI MUMBAI
GREENFIELD RESOURCES PVT. LTD.
Business Development Executive
Permanent · AHMEDABAD
GENIUS CONSULTANTS LIMITED
Head of Department - Cost Accountant
Permanent · KOLKATA
LIFESTYLE BRANDS
Brand Training Manager, Peter England - Bangalore
Permanent · BENGALURU
PLACEMENT PANDITS CONSULTING
Operations Manager-Garment Industry
Permanent · GURUGRAM
LIFESTYLE BRANDS
Area Sales Manager-Patna
Permanent · BENGALURU
LIFESTYLE BRANDS
Group Manager - E-Commerce Product (B2B)
Permanent · BENGALURU
LIFESTYLE BRANDS
Manager - Product, Louis Philippe
Permanent · BENGALURU
PANTALOONS HO
Senior Executive - Marketing
Permanent · PUNE
LIFESTYLE BRANDS
Manager - Trade Channel, Finance
Permanent · BENGALURU
LIFESTYLE BRANDS
Assistant Manager- Design, Casuals- pe
Permanent · BENGALURU
LIFESTYLE BRANDS
Executive -Key Accounts (Mis),lp
Permanent · BENGALURU

Movado acquires UK watch and jewellery brand Olivia Burton

Published
today Jul 5, 2017
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Watches giant Movado Group has acquired JLB Brands, which owns the Olivia Burton label, one of Britain’s fastest-growing fashion watch and jewellery names.


Olivia Burton



It paid around £60 million for the firm that was founded in 2011 by Lesa Bennett and Jemma Fennings. The company started selling fashion watches under the Olivia Burton name in 2012 and only moved into jewellery last year.

In the early stages of international expansion, the Millennials-focused label has a business model that depends on launching new collections every two months.

The brand, which is inspired by fashion and vintage trends, is sold through a wide variety of multi-category and specialist stores, including John Lewis, Watchshop, Argento, Selfridges and Beaverbrooks in its domestic market, and has just debuted Nordstrom in the US.

With its HQ in vibrant Shoreditch, Olivia Burton also has a concession at Oxford Circus destination store Topshop.

Which is all very well, but what in particular appealed to Movado? That’s fairly obvious from the sales figures. Its revenue rose around 64% last fiscal year, to £15 million, and it’s predicting a rise to £25 million in the current 12 -month period, based both on UK expansion and that US debut. In fact, its availability at Nordstrom reached 117 doors as of January and more US growth is expected as it builds a direct-to-consumer business through its e-commerce platform.

With the move to Movado, international expansion is only likely to accelerate its and the US firm said the deal should be immediately accretive to its business, excluding certain one-off costs.

The brand will continue to operate under the leadership of Bennett and Fennings, who will report to Movado CEO Efraim Grinberg.

Copyright © 2020 FashionNetwork.com All rights reserved.