UK jeweler Theo Fennell in takeover talks with EME Capital, shares soar

The company, which sells jewelry, watches, silver objects, and gifts designed by its namesake founder, said there could be no certainty that a formal offer would be made for the company.

Theo Fennell PLC has been forced to turn its attention to emerging markets like China and introduce a low-cost range of jewelry as demand wanes in recession-hit UK.

The company, valued by the market at 2.72 million pounds (US$4.32 million), has been reporting losses since 2009.

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