Angus & Coote

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Angus & Coote
IndustryRetailing
Founded1895 (1895)
Headquarters
Sydney, New South Wales, Australia
ProductsJewellery
ParentJames Pascoe Group Founder: Edmund James Coote
Websitewww.anguscoote.com.au

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]

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 several years and became one of the grandest and most elite family’s in Australia. The Founder was Edmund James Coote and then passed the business down to his son Roy Rundle Coote.

The business became extremely well known and made it through international names. The last owner was Antony Edmund James Rundle Coote he expanded the business throughout the 70s and made 11million dollars a year. They sold the business for 77 million dollars and the Coote family still runs.

References
  1. 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.
  2. "Angus & Coote: About Us". Archived from the original on 23 August 2013. Retrieved 18 August 2013.
  3. Hendron, Joe (10 March 2007). "Pascoe's golden century". National Distribution Union. Archived from the original on 19 February 2014. Retrieved 28 April 2013.
  4. Hendron, Joe (20 December 2006). "Pascoe persists". National Distribution Union. Archived from the original on 3 February 2014. Retrieved 28 April 2013.
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