National Jeweler

Financial Reporting

Barneys New York received $218 million from Brigade Capital Management and B. Riley Financial to keep operations running after filing for Chapter 11 bankruptcy protection earlier this month. (Photo courtesy of Barneys New York’s Facebook page)
The retailer can now use the remainder of its $218 million in specialty financing to stay afloat while it searches for a buyer.
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The company narrowed its full-year guidance, as it expects same-store sales to continue declining.

Trade tensions between the United States and China took a toll on the jeweler.

BlackRock Inc. reduced its shareholdings to less than 5 percent as the Danish jewelry company continues to struggle.

Sales in the jewelry division, which includes Cartier and Van Cleef & Arpels, climbed 10 percent to nearly $8 billion.

Quarterly revenue in the United States fell 12 percent as charm demand waned.
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Fine Jewelry Industry News

Since 1906, National Jeweler has been the must-read news source for smart jewelry professionals--jewelry retailers, designers, buyers, manufacturers, and suppliers. From market analysis to emerging jewelry trends, we cover the important industry topics vital to the everyday success of jewelry professionals worldwide. National Jeweler delivers the most urgent jewelry news necessary for running your day-to-day jewelry business here, and via our daily e-newsletter, website and other specialty publications, such as "The State of the Majors." National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.

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