One of the jewels of the Gloucester Quays has been saved from closure.

 Chapelle watches and jewellery have been rescued from administration by high street jewellery chain F Hinds in a move that will see all the stores rebranded.

F Hinds is a family-owned retailer with 116 stores across England and Wales with a history dating back to 1856.

The move will see their name taken on by the 12 Chapelle stores in outlet centres across the country operated by McArthury Glen, Realm and Land Securities.

F Hinds, Managing Director David Hinds said, "We are delighted to be able to take on many of the Chapelle outlet stores as well as their website.

"We are also very pleased to be saving over 80 jobs.

"We believe that Chapelle complements our existing F Hinds business and that we will be able to share our experience and to offer increased operational efficiency.

"We welcome the Chapelle staff and customers to our family and believe that a similar company culture will help us to build a new and better business together."

Chapelle was founded in 1979 as a retail business that offered discounted watches and jewellery.

It trades in outlet centres across the UK and stocks brands such as Armani, Calvin Klein, DKNY, Hot Diamonds, Michael Kors, Radley and Ted Baker. 

Chapelle has recently updated and improved its branding and proposition with most of its store units having been recently refitted and rebranded.