Headlines

9-Store Jewelry Retailer Looks to Open New HQ

The current space is ‘inefficient.’

Published

3 years ago

August 3, 2020

INSTORE Staff

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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Time to Do What You've Always Wanted? Time to Call Wilkerson.

It was time. Teri Allen and her brother, Nick Pavlich, Jr., had been at the helm of Dearborn Jewelers of Plymouth in Plymouth, Mich., for decades. Their father, Nick Pavlich, Sr., had founded the store in 1950, but after so many wonderful years helping families around Michigan celebrate their most important moments, it was time to get some “moments” of their own. Teri says Wilkerson was the logical choice to run their retirement sale. “They’re the only company that specializes in closing jewelry stores,” she says. During the sale, Teri says a highlight was seeing so many generations of customers who wanted to buy “that one last piece of jewelry from us.” Would she recommend Wilkerson? Absolutely. “There is no way that I would have been able to do this by myself.”