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The luxury retailer is considering listing on the London Stock Exchange.
The U.S. government shutdown, which extended into January, put a dent in sales.
Chief Revenue Officer Kareen Gahed will take over while Hanson serves as a non-executive chairman of the board.
A major retailer also is testing the platform, and Richline said it plans to expand to more retailers later this year.
The Wisconsin insurance commissioner and company policyholders must approve the plan in order for it to move forward.
National Jeweler

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.