Clydesdale Bank has assisted Edinburgh jeweller Chisholm Hunter with funding to acquire its new flagship store on Princes Street.
The firm had a successful year in 2016 with revenues up by 11%. They have now bought the new city centre location with its unsurpassed views to the castle and plans to make it into the largest luxury jewellery retail space in the UK. The three floors include a designated Swiss timepiece room and luxury champagne bar.
The jewellers sell everything from diamonds to watches and they are sole retailers for some watch brands. Harry Brown is CEO and he has grown the business over the last two decades to the current 25 stores. The company employs 300 staff and will employ more staff in Edinburgh as a result of the expansion.
CEO Harry Brown, said: “We put our customer 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.”