Finlay to Buy Fla. Luxury Jewelry Chain
Houston Chronicle, United State
NEW YORK — Jewelry retailer Finlay Enterprises Inc. said Wednesday it will purchase Congress Jewelers, a privately-owned regional chain of five jewelry stores located in Florida, with annual sales of about $23 million.
Financial terms weren’t disclosed. The stock purchase agreement is subject to various closing conditions and obtaining certain consents.
Finlay Fine Jewelry, a fine jewelry retailer and operator of licensed jewelry departments in department stores throughout the United States, posted 2005 sales of $990.1 million. The number of locations at the end of the third quarter of fiscal 2006 totaled 819, including 34 Carlyle & Co. specialty jewelry stores.
