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The Danish jewelry company’s turnaround plan includes revamped stores, a redesigned logo, a new slogan and a simplified portfolio.
While all high-value watches saw year-over-year sales growth, the greatest increase came from those above $30,000, its Luxury Resale Report 2019 shows.
The retailer can now use the remainder of its $218 million in specialty financing to stay afloat while it searches for a buyer.
Current Vice President of IT Erich Jacobs is his successor.
Diamonds, pearls, precious stones and silver jewelry remain on the list of products subject to tariffs as of Sept. 1.
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.