UK watch and jewellery retailers face a concerning surge in armed robberies, with 38 raids reported this year, leading to losses exceeding £4 million. In response to this alarming trend, UK Protection is expanding its RAID training programme to equip a wider range of retail staff with vital security skills as the busy Christmas season approaches. The training focuses on enhancing situational awareness and incident management to combat the rising threat of organized crime. With the majority of incidents linked to weapons, retailers are urged to adopt a proactive security stance to safeguard both employees and customers.
Day: 29 September 2026
Chronext enhances security with new payment protection system
Chronext has unveiled a new payment protection system in partnership with Nuvei, designed to enhance security in high-value watch transactions. The innovative payment flow secures funds within a regulated environment until all transaction conditions are fulfilled, boosting buyer confidence and ensuring that sellers are guaranteed payment. This development promises improved oversight and management of payment processes, as Chronext aims to foster trust in the secondary market for luxury watches. CEO Constantin Schneider emphasized the significance of this partnership in delivering a premium experience for users.
Beaverbrooks posts £12.8 million profit boosted by insurance payment
Beaverbrooks has reported a significant £5 million boost from loss of profit insurance, pushing its operating profit to £12.8 million for the year ending February 2026, an 86% rise year-on-year. Despite flat sales at £217 million and a reduction in workforce from 1,171 to 1,117, the company remains committed to its charitable initiatives, donating £1.54 million, bringing total contributions to £26.6 million since 2000. Managing Director Anna Blackburn emphasized the firm’s resilience and strategic investments in enhancing customer service, reflecting a strong commitment to high street retail amid economic challenges.