Apollo negotiates stake in Aurum Holdings

Aurum Holdings is currently owned by Landesbanki, the Icelandic bank that collapsed during the financial crisis in 2008.

Corporate financier DC Advisory Partners is working on a potential deal with Apollo, according to reports.

Aurum is expected to hit £30m in EBITDA by year-end; a deal could value the company at up to £175m. The company owns Goldsmiths, Mappin & Webb and Watches of Switzerland, a retailer of Swiss luxury watches.

Apollo was not immediately available for comment.

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