Fine jewelry retailer Finlay Enterprises, Inc. continues to execute its previously announced plan to exit the department store channel, consolidate certain of its underperforming specialty stores and reorganize around its better performing specialty stores. In a parallel work effort, as a result of several inquiries regarding potential transactions, Finlay has initiated a formal process whereby [...]
JVC Files Brief and Motion to Lessen Hardship Jewelers Face in Today’s Harsh Economic Climate
The Jewelers Vigilance Committee (JVC) has filed a brief and motion in the United States Court of Appeals for the Third Circuit seeking “friend of the court” status. The brief urges the Court to uphold the order approving the settlement of the class action lawsuit filed by jewelers and consumers against De Beers. A small [...]
Fortunoff Jewelry Website, Jewelry Designs Among Assets in Intellectual Property Auction
fortunoffjewelry.com is one of the more than 75 domain names that is on offer in the formal auction of the Fortunoff intellectual property and intangible assets portfolio that is scheduled to be held on Thursday, June 18, 2009. Fortunoff’s intellectual asset portfolio for sale includes certain trademarks, domain names, and customer databases, and exclusive jewelry [...]
Tiffany Sales Down
Tiffany & Co. reported lower sales, operating margin and net earnings for its first quarter ended April 30, 2009. These financial results were consistent with management’s expectations for the quarter and the Company reaffirmed its outlook for the full year. Net sales in the first quarter declined 22% to $523.1 million. On a constant-exchange-rate basis, [...]