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Jeweler Sued by Wells Fargo for Allegedly Defaulting on Mortgage

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It’s another legal trouble for the 43-year-old retailer.

Hofmeister Jewelers is being sued by Wells Fargo after the Indianapolis retailer allegedly defaulted on a $2.3 million mortgage on one of its stores, the Indianapolis Business Journal reports. Hofmeister, according to the lawsuit referenced in the article, missed a monthly mortgage payment of $21,004 that was due on March 1 before missing further payments on April 1 and May 1. The 43-year-old retailer is also still trying to pay off debt from the Chapter 11 bankruptcy it filed in 2011.

Read more at the Indianapolis Business Journal

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If It’s Time to Consolidate, It’s Time to Call Wilkerson

When Tom Moses decided to close one of the two Moses Jewelers stores in western Pennsylvania, it was time to call in the experts. After reviewing two candidates, Moses, a co-owner of the 72 year-old business, decided to go with Wilkerson. The sale went better than expected. Concerned about running it during the pandemic, Moses says it might have helped the sale. “People wanted to get out, so there was pent-up demand,” he says. “Folks were not traveling so there was disposable income, and we don’t recall a single client commenting to us, feeling uncomfortable. It was busy in here!” And perhaps most importantly, Wilkerson was easy to deal with, he says, and Susan, their personal Wilkerson consultant, was knowledgeable, organized and “really good.” Now, the company can focus on their remaining location — without the hassle of carrying over merchandise that either wouldn’t fit or hadn’t sold. “The decision to hire Wilkerson was a good one,” says Moses.

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