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Alex and Ani’s Future Looks Even Brighter after Bankruptcy

Last month, Alex and Ani filed a “comprehensive financial and operational restructuring” support agreement with its debt holders and equity sponsors. The first step in the restructuring process was filing Chapter 11 proceedings in Delaware’s bankruptcy court. In announcing the restructuring, the company also said it was looking for a buyer. In the filing, the company […]

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How Signet Differentiates Kay and Zales To Expand the Mid-Priced Jewelry Market

Following a challenging pandemic year when Signet Jewelers’ sales declined 14.8%, the company’s turnaround began in earnest during the second half of the fiscal year. Fourth quarter sales rose 1.5% – and 5.1% in North America where the company generates over 90% of revenue. The company’s recovery continues apace, with revenues reaching $1.7 billion in […]

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Pandora and Diamond Foundry Answer Consumers’ Growing Demand for Lab-Grown Diamonds

Lab-grown diamonds, the manmade alternative to naturally-grown diamonds, have faced an uphill battle to be recognized by the jewelry industry as an acceptable alternative to mined diamonds. Now Pandora, the world’s largest jewelry company by volume, and Diamond Foundry, one of the nation’s leading producers of lab-grown diamonds, are out with news that prove the […]

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Mikimoto Opens New Boutique To Showcase Pearls as the Only Sustainable Natural Gem

The intersection of Fifth Avenue and 57th Street may well be the most luxurious corner in New York City, anchored by the massive Louis Vuitton flagship, Bergdorf Goodman and the still luxurious, if somewhat tarnished Trump Tower. Drawn to this exclusive neighborhood are Chanel, Prada, Burberry, Saint Laurent, Dior, Prada, Bulgari, David Yurman, Ermenegildo Zegna […]

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Kay, Zales and Jared parent, Signet Jewelers, Outlines Next Phase of its Path to Brilliance Plan

In March 2018, shortly after being named CEO, Virginia ‘Gina’ Drosos laid out a transformational three-year strategic plan for Signet Jewelers, called “Path to Brilliance.” Its ambitious benchmarks were to be achieved at the close of 2020. But after the pandemic year, nobody would have faulted the company in its recent fiscal 2021 earnings call […]

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