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GE Capital to provide £2.5m package to Brown & Newirth

GE Capital will provide a £2.5m financing facility to Hertfordshire based jewellers Brown & Newirth, to support the company’s future growth plans.

Following a management buyout in February 2012, the company has identified significant future growth potential. GE Capital, a commercial finance provider, will provide a finance package worth £2.5m, which will be used to provide working capital that will allow the designer, manufacturer and supplier of hand-made wedding, engagement and eternity rings to develop its plans for growth.

Brown & Newirth sales director John Ball said: “To support our growth plans, we needed a partner who understood the potential of our business. GE Capital took the time to understand that potential and worked with us to find a solution that met all of our needs.”

GE Capital is also pleased to be working with the jeweller. GE Capital UK regional director John Savage said: “The working capital that we can provide will help the company achieve its true growth potential and reinforce its position as a leading British jewellery brand.”

 

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Thomas Sabo

Fast Facts on
Wedding rings

  • 860 AD:The year Christians started using rings in marriage ceremonies.
  • 4th:The finger the ring is placed on.
  • 2,200BC:The year of the oldest recorded exchange of wedding rings in ancient Egypt.
  • 1854:The year in which the manufacture of 15ct, 12ct and 9ct became legal.

Photo from William Cheshire