Connect with us


Day’s Jewelers Is Now Employee-Owned

The 120 workers did not have to make an out-of-pocket contribution.




Day’s Jewelers, a retailer with eight stores in Maine and New Hampshire, is now employee-owned.

The company, which was family-owned, transferred ownership via an employee stock ownership plan, the Kennebec Journal and Morning Sentinel reports.

Day’s described the plan as a significant retirement benefit. The 120 employees did not have to make an out-of-pocket contribution.

Kathy Corey, former co-owner of Day’s, said, “By converting the business to an ESOP, the future of the business would be kept in the hands of our employees, we could keep our current leadership, and the amazing Day’s family culture we have built.”

Portland-based Day’s was founded in 1914. At one point it operated 21 stores in the region, Mainebiz reports.

Read more at the Kennebec Journal and Morning Sentinel




When There’s No Succession Plan, Call Wilkerson

Bob Wesley, owner of Robert C. Wesley Jewelers in Scottsdale, Ariz., was a third-generation jeweler. When it was time to enjoy life on the other side of the counter, he weighed his options. His lease was nearing renewal time and with no succession plan, he decided it was time to call Wilkerson. There was plenty of inventory to sell and at first, says Wesley, he thought he might try to manage a sale himself. But he’s glad he didn’t. “There’s no way I could have done this as well as Wilkerson,” he says. Wilkerson took responsibility for the entire event, with every detail — from advertising to accounting — done, dusted and managed by the Wilkerson team. “It’s the complete package,” he says of the Wilkerson method of helping jewelers to easily go on to the next phase of their lives. “There’s no way any retailer can duplicate what they’ve done.”

Promoted Headlines

Most Popular