Celeb jeweller Theo Fennell mulls takeover interest

A luxury jeweller whose customers include the Beckhams and Helen Mirren saw its share price surge today after it confirmed takeover talks with a private equity firm.

Theo Fennell, which sells jewellery at prices ranging up to £250,000 or more per piece, said it was in “very preliminary” talks with EME Capital over a bid.

But the group, which sells jewellery designed by its founder, art school graduate Theo Fennell, who still owns 16.1% of the company, said there was no certainty a formal offer would be made for its business.

Shares in the company, which also designed trophies for the Italian and Monaco Formula One Grand Prix events, were 30% higher, giving it a market value of £3.5m.