Press Releases

Frederick Goldman Acquires Assets of Costa Rican Jeweler

Published

8 years ago

March 4, 2016

INSTORE Staff

(Press Release)
NEW YORK, NY – Jewelry maker Frederick Goldman Inc. announced that it has acquired selected assets of Joyeros Costarricenses, a Costa Rica-based bridal jewelry company.

Joyeros Costarricenses has manufactured and distributed precious and contemporary bridal products in North America for more than 25 years. “They have been servicing many of our clients and we will maintain this same level of service, now to a much broader range of customers,” says Jonathan Goldman, chairman and CEO of Frederick Goldman. “This acquisition is aligned perfectly with our long-term strategy of further building upon our strong position in the wedding and bridal marketplace.”

Through the acquisition, Frederick Goldman aims to increase operational efficiency and expand its product portfolio. “This new addition gives us the ability and technology to manufacture more products and offer a more diverse assortment to our customers than we have previously,” added Goldman.

Frederick Goldman plans to continue seeking similar opportunities to increase its market share and expand into adjacent product categories.

Operations of Joyeros Costarricenses will relocate to Frederick Goldman’s facilities in Merida, Mexico and New York City.

For more information, contact Roxanne Rabasco with Frederick Goldman at rrabasco@fgoldman.com or 212.807.2042.

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.”