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The jeweler gives the “Ike It” award annually to one employee who demonstrates excellent customer service, loyalty and dedication.
The company’s plan to acquire Taubman Centers comes just after the announcement that it would take part in a deal to buy Forever 21.
The company plans to put the capital towards its expansion, particularly into the Chinese market.
The annual $5,000 award is given in honor of the late Brooke Tivol McGrath.
The retailer has a five-step plan, including closing 125 stores over the next three years and reducing its headcount by 2,000 employees.
LVMH CEO Bernard Arnault called the approval a “significant milestone” in completing the deal.
Mall owners Simon Property Group and Brookfield Property Partners and licensing company Authentic Brands Group want to buy the bankrupt fast-fashion retailer.
The industry veteran’s experience spans more than 35 years and includes roles in retail, manufacturing and design.
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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.