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Lunn’s sales increase by 10.4% as political turmoil fails to dent demand in Belfast

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John H. Lunn (Jewellers) Ltd, the trading name for Lunn’s in Belfast, has seen sales increase by 10.4% to £16 million in the financial year ended February 28, 2018.

Lunn’s is an authorised dealer for Patek Philippe and Rolex in Belfast, and has three boutiques in the city.

Operating profit rose by 15.5% to £1.04 million.

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Since the end of Lunn’s 2018 financial year, the company has announced plans to invest £1 million pounds in the creation of a monobrand Rolex boutique at its flagship boutique in Belfast’s Queen’s Arcade (pictured top).

Peter Lunn, chairman of Lunn’s, said the brand’s arrival will provide a boost for the city’s retail offering and a new attraction for the international tourists who are increasingly visiting Belfast. “The decision by Rolex to open in Belfast is a huge endorsement for the city. Rolex is one of the world’s true super-brands and to have their store on Donegall Place, the city’s main retail thoroughfare, is a major expression of confidence. The store will offer customers a truly immersive experience of the brand,” he says.

“We are also very excited to be opening a fully accredited Rolex workshop, which will help owners to maintain the value and ensure the quality of their watches by having them serviced by skilled technicians on site at Queen’s Arcade. It represents a big investment in Rolex parts and machinery, but we believe it is an essential part of the authentic Rolex experience.”

 

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Rob Corder

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