A Celebration of Jewelry and the Business Behind the Beauty
Leibish & Co
Thursday, August 12, 2010
A Jewelry Comeback for Fortunoff?
Remember Fortunoff? The former New York region department store chain said it will produce fine jewelry to be sold online as early as the fall followed by brick-and-mortar retail outlets in 2011.
The principals behind this new effort are as follows:
Fortunoff Brands, LLC. The Fortunoff and Mayrock families, who owned and operated Fortunoff for four generations, purchased all of the intellectual property of Fortunoff—including the brand name and related trademarks, customer lists, domain names, and all copyrighted material.
Four Leaf Designs, LLC. A partnership between Esther Fortunoff and David Fortunoff, and Lester Friedlander and Shaun Apgar, the principals of Clover II, a jewelry wholesaler and the owners of Robert Lee Morris Inc.
Together they have reached an exclusive agreement with licensing rights to the Fortunoff brand for fine jewelry products in the United States and on the Internet. This new partnership said it will open an e-commerce site followed by stores in their traditional Tri-State market of New York, New Jersey and Connecticut.
The high end retailer liquidated its assets in 2009 after filing for Chapter 11, owing its vendors more than $6 million.
This blog is for those who are passionate about jewelry and watches and want to learn more about the industry. It's a place to find the best new products from all over the world and the latest news about the business of jewelry, watches and luxury. Readers gain a backstage pass to the glamour, fun and difficulties of the industry.
I am a freelance writer and editor who covers the luxury jewelry and watch industry for several publications, including Forbes.com the Financial Times, Hong Kong-based JewelleryNetAsiaand the Italian jewelry magazine, VO+. In addition, I have my own blog covering the jewelry and watch industry, Jewelry News Network.