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9-Store Jewelry Retailer Looks to Open New HQ

The current space is ‘inefficient.’

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London Jewelers, which runs nine upscale stores in the New York metro area, is looking to move to a new headquarters.

The company is seeking $1 million in tax breaks over a 25-year period in exchange for moving its HQ to Glen Head, Newsday reports. The company currently operates from three buildings in Glen Cove.

The company hopes to buy a vacant office building in Glen Head. It would invest $2.7 million and add seven jobs. London Jewelers currently employs 46 people at its headquarters.

London’s real estate attorney, Daniel P. Deegan, said the current space is “inefficient.” The new space would amount to 14,000 square feet.

London CEO Mark Udell wrote in the company’s application for aid that it requires new HQ space “in order to remain competitive within its industry.”

The Nassau County Industrial Development Agency has voted to negotiate with London on the package.

Read more at Newsday

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Thinking of Liquidating? Wilkerson’s Got You Covered

Bil Holehan, the manager of Julianna’s Fine Jewelry in Corte Madera, Calif., decided to go on to the next chapter of his life when the store’s owner and namesake told him she was set to retire. Before they left, Holehan says they decided to liquidate some of the store’s aging inventory. They chose Wilkerson for the sale. Why? “Friends had done their sales with Wilkerson and they were very satisfied,” says Holehan. He’d enthusiastically recommend Wilkerson to anyone looking to stage a liquidation or going-out-of-business sale. “There were no surprises,” he says. “They were very professional in their assessment of our store, what we could expect from the sale and they were very detailed in their projections. They were pretty much on the money.”

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