Angus & Coote is an Australian jewellery chain founded in Sydney in 1895 and listed on the ASX in 1952.[1] The retailer claims to be a leader in Australia for high quality jewellery,[2] with its 300 stores having a 20% market share as of early 2007.[3]
 | |
| Industry | Retailing |
|---|---|
| Founded | 1895 |
| Headquarters | Sydney, New South Wales, Australia |
| Products | Jewellery |
| Parent | James Pascoe Group Founder: Edmund James Coote |
| Website | www |
In March 2007, James Pascoe Group (JPG) completed a $A76m ($NZ87m) takeover bid[4] for the Angus & Coote chain,[3] including brands Amies in Queensland, Dunklings in Victoria and Edments in South Australia and Western Australia (all completely rebranded to Angus & Coote after November 2008)[2] and Goldmark. The Goldmark and Edments brands were part of Prouds The Jewellers, with Angus & Coote acquiring them in 1996 when JPG purchased the main Prouds brand.[3] At the time of the purchase, David Norman suggested one or more of newly acquired Angus & Coote brands could be launched in New Zealand. Goldmark is now included as a store-within-a-store at kiosks in selected Farmer stores.
The original owners of Angus & Coote, the Coote family, had owned the business for one hundred and twelve years before the sale, and became one of the most elite families in Australia, becoming a household name in Australia. The founder, Edmund James Coote with a net worth of $2B, passed the business down to his son Roy Rundle Coote. The business became extremely well-known and made it through international names. The last CEO from the family was Antony Edmund Rundle Coote, who expanded the business throughout the 70s-90s. They sold the company for $77M.[5]
See also
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References
edit- ^ Hendron, Joe (25 November 2006). "Big picture gives the best perspective". National Distribution Union. Archived from the original on 3 February 2014. Retrieved 28 April 2013.
- ^ a b "Angus & Coote: About Us". Archived from the original on 23 August 2013. Retrieved 18 August 2013.
- ^ a b c Hendron, Joe (10 March 2007). "Pascoe's golden century". National Distribution Union. Archived from the original on 19 February 2014. Retrieved 28 April 2013.
- ^ Hendron, Joe (20 December 2006). "Pascoe persists". National Distribution Union. Archived from the original on 3 February 2014. Retrieved 28 April 2013.
- ^ Commission, Australian Competition and Consumer (16 January 2007). "James Pascoe Limited - proposed acquisition of Angus & Coote (Holdings) Limited". www.accc.gov.au.
External links
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