The mid-sized retail chains present an attention-grabbing situation, with developments that might have seemed sudden a decade ago. Many of the problems facing Zamels may be traced to the 2007 sale of the 53-year-old family business to Quadrant Private Equity. At the time, hypothesis valued the deal at between $75 million and $100 million. With a complete of sixty seven shops, The Jewellery Group is half the size it was in 2010. Myles Norman, common supervisor JPL, confirmed that some of the Angus & Coote and Goldmark ‘closures’ have been storesthat had been transformed to, and re-branded as, Prouds.

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