Angus and Coote

Angus & Coote was founded in Sydney, Australia in 1895 and listed on the ASX in 1952. The retailer claims to be a leader in Australia for high quality jewellery, with its 300 stores having a 20% market share as of early 2007.

In March 2007, James Pascoe Group successfully completed a $A76m ($NZ87m) takeover bid of the loss-making family-owned jewellery group, 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) 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. 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 Farmers stores.