James Pascoe Group
Stewart Dawsons, Farmers, and Pascoes at Westfield Queensgate
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| Private | |
| Industry | Retail |
| Founded | 1906 |
| Founder | James Pascoe |
| Headquarters | 29 Union Street, Auckland, New Zealand |
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Number of locations
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over 650 |
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Area served
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New Zealand, Australia |
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Key people
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David Norman, Group Managing Director Anne Norman Kevin Turner, Group General Manage Finance |
| Products | Jewellery, Watches, Apparel, Beauty, Homeware, Books, Stationery |
| Revenue | $2 billion |
| Owner | Anne & David Norman and Family |
|
Number of employees
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11000+ |
| Divisions | Pascoes Prouds The Jewellers Farmers Stevens Whitcoulls |
The James Pascoe Ltd Group of Companies is an Auckland-based, privately owned retail group with holdings across New Zealand and Australia. JPG owns and operates chains Pascoes the Jewellers, Stewart Dawsons and Goldmark (all jewellers); 'fashion department store'Farmers (with Goldmark jewellery kiosks in some stores); kitchen specialist Stevens; and bookstore Whitcoulls in New Zealand. The group's three Australian businesses are jewellers Prouds the Jewellers, Angus & Coote and Goldmark, with over 460 stores across Australia in 2012. Goldmark is the only brand operating in both countries.
Pascoes began as a small jeweller founded by James Pascoe in Auckland in 1906. The business has been under the direction of his granddaughter, Anne Norman and her husband David since the 1980s. Under their control, the original family jeweller has turned into a 'retail empire' encompassing eight iconic New Zealand and Australian retailers. The Group specialises in turning around loss-making retailers, and has never sold a business. Today James Pascoe Group is one of New Zealand's largest businesses and employers.
JPG likes to be seen as a New Zealand-focused and socially aware company. Farmers in particular raises money for charities including CanTeen and Leukaemia & Blood Cancer NZ. Siblings of both Anne and David Norman have died of leukaemia-related diseases. In response to the February 2011 Canterbury earthquake, JPG set up a 24-hour support line for all Christchurch JPG team members, and continued to pay 200 of them in full.
The James Pascoe Group is larger than The Warehouse Group. With its five jewellery retailers and hundreds of stores, JPG has a large share of Australasian jewellery sales (generating revenue of $750 million in Australia alone in 2010) and is a global jewellery buying power. At the time of the acquisition of Angus & Coote, David Norman commented "To us it makes sense to harness the economy of scale when it comes to sourcing, and marketing" Rivals of the James Pascoe Group include Michael Hill International (although JPG is over four times its size), and Showcase Jewellers (with almost 250 stores in Australia, and around 30 in New Zealand)
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Wikipedia