At the time, hypothesis valued the deal at between $75 million and $100 million. With a complete of sixty seven stores, The Jewellery Group is half the scale it was in 2010. Myles Norman, general supervisor JPL, confirmed that a few of the Angus & Coote and Goldmark ‘closures’ had been storesthat were converted to, and re-branded as, Prouds. While the result is spectacular, like Michael Hill, the company has rationalised its store mix and footprint throughout Australia. Prouds increased its presence by a powerful forty four shops since 2010 , but forty three Goldmark stores have been closed during the same interval whereas eleven Angus & Coote shops received the chop. After 121 years of operation, the Thomas family decided to close its iconic Bourke Street Mall retailer in Melbourne in October 2017, in addition to the Warnambool, Wagga Wagga, Albury, Shepparton, Bendigo, Ballarat and Geelong stores.
- Signet suffered