Ireland’s leading jewelry retailer announces major UK expansion

Ireland, 26 July 2007. M&A International Inc. member firm, IBI Corporate Finance, acted as the exclusive financial advisor to Irish jewelry firm, Anthony Nicholas Group Ltd (trading as Fields), on the successful acquisition of the Fraser Hart Group, the UK’s premier independent jewelry retailer with 31 stores in England, Scotland and Wales.

Fraser Hart carries many prestigious brands, including Rolex, Cartier, Bulgari, Chopard, Breitling, Omega, Tag Heuer and Gucci, and is also a market leader in high-quality diamond rings and jewelry. Fraser Hart was recently voted UK "Jewellery Retailer of the Year" for the third time in just five years.

The deal offers Fields (a retailer of fine jewelry operating in 18 outlets in Ireland) a significant presence in the mid/upper tier of the UK jewelry market and is a logical next step for Fields in its growth-orientated strategy.

Mr Noel Coyle, CEO of Fields, commented on the deal: “The acquisition of the Fraser Hart business in the UK represents an excellent strategic development for Fields. It provides the Group with an immediate large-scale entry into the UK market and offers us a platform for significant future growth potential. Both companies share similar market-leading positions, complementary brands and product ranges, and shared commitment to delivering superior customer service.”

For further information, please contact:
M&A International Inc. Press and Media Relations
Aylin Ugurlu
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