Family jeweler Laings has announced a £5million plan to transform the historic B-listed Rowan House on Buchanan Street in Glasgow after signing a 15-year lease on the site.
A planning application submitted to Glasgow City Council highlights Laings’ proposal to revitalize 19th century retail and office development, with the independent jeweler set to make significant changes to the retail space of 34,468 square feet.
Currently occupying offices on the second and third floors, Laings is preparing to transform the five-story all-stone building at 68/70 Buchanan Street.
With key elements of the expansion plan aimed at building on the workspaces of its growing team of artisans and enhancing the overall retail experience, this contract marks the final stage of the growth strategy to several levels of Laings, as it builds on its heritage as a premier destination. for jewelry and luxury watches, the firm said.
Stuart McDowell, managing director of Laings, said the move was part of a multi-tiered expansion plan to transform showrooms and workshops across the UK, “reinventing the customer experience while ensuring that the traditional craftsmanship of jewelers is kept alive for generations to come”.
He said: “The centerpiece of this investment plan is our new flagship showroom in Glasgow, where we will bring Laings to the fore while creating unique and immersive experiences for our customers.
“With negotiations to secure Rowan House now complete and a 15-year lease agreed, we are delighted to be able to announce our plans to deliver a new retail format that captures the imagination of our customers and further enhances the shopping experience. luxury shopping in Glasgow.
Glasgow has been home to Laings since its inception in 1840 and the business has grown steadily as an iconic brand. Now stepping on the ‘style mile’, Laings is set to transform Rowan House with the £5million redevelopment plan.
With retail space spanning the ground and first floors, Laings is set to bring brands from its three showrooms within the Argyll Arcade together under one roof, as well as present its own offering of fine jewelry and diamonds, with its team of experts all expected to transfer to the new unit.
The role of a managing director has also been advertised to oversee the wide range of operations at the new Glasgow site, with Laings noting that he is looking for someone, with experience in the luxury or the jewelry store, to join the company on the next phase of its journey.
The basement, third and fourth floors will provide office space, with an improved reception area on the fifth floor, while the second floor will house a new watchmaking workshop.
Mr Walsh also said: “The Argyll Arcade has been an important part of our history and we are committed to ensuring the arcade’s continued success. Our three Glasgow showrooms have been invaluable as we have built our offering and presence in the city, but as we prepare for this next chapter we are open to inquiries about our existing retail units in the archway.
LINN Products, the Glasgow-based hi-fi company, cited the success of its next-generation digital streamer and ‘resilient’ demand across key markets and product ranges as it reported a major boost to profits .
New accounts show Linn, which rose to fame with the development of its pioneering Sondek turntable in the 1970s, made a pre-tax profit of £3.1million in the financial year to September 30.
IOG, which focuses on the North Sea, saw its shares rise 4% after restarting production from a field that has attracted a lot of interest.
IOG began production from the Blythe field on March 14, with fallout from the war in Ukraine highlighting the risks associated with the UK’s reliance on imports.