Connect with us

Headlines

Jeweler Sued by Wells Fargo for Allegedly Defaulting on Mortgage

mm

Published

on

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

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials | Zadok Master Jewelers

Stick to the Program — And Watch Your Sales Grow

When Zadok Master Jewelers in Houston, Texas, decided to move to a new location (they’d been in the same one for the 45 years they’d been in business), they called Wilkerson to run a moving sale. The results, says seventh-generation jeweler Jonathan Zadok, were “off the charts” in terms of traffic and sales. Why? They took Wilkerson’s advice and stuck to the company’s marketing program, which included sign twirlers — something Jonathan Zadok had never used before. He says a number of very wealthy customers came in because of them. “They said, ‘I loved your sign twirlers and here’s my credit card for $20,000.’ There’s no way we could have done that on our own,” says Zadok. “Without Wilkerson, the sale never, ever would have come close to what it did.”

Promoted Headlines

Most Popular