ANOTHER shop is set to close in Basingstoke town centre as jeweller Warren James advertises a final sale.

The high street jeweller, based in Festival Place, is part of a national chain owned by brother and sister business partners John Coulter and Ann Jones, who founded the company in 1979.

But it is understood that the closure of the Basingstoke branch is not part of a national closure.

Latest accounts published on the Government's Companies House website reveal the brand's operating profits decreased to £34.7 million from £35.4 million over the last financial year.

Warren James has been contacted for comment on how many staff will be affected by the closure.

It comes after the business owners were recognised in the Sunday Times Rich List 2019 after their fortunes rose by £60 million to £537 million over a 12-month period.

The closure is the latest blow to Basingstoke town centre after a Gourmet Burger Kitchen on Friday (September 10).

A total of 19 units lay empty around the Top of Town with the closure of four major banks and the post office in recent times while at Festival Place at least 31 units are empty including the huge unit which once housed Debenhams.