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Kathy and Jeff Corey Transfer Ownership of Day’s Jewelers to Employees

The transfer to employee-owned has been under development for several years.




Kathy and Jeff Corey Transfer Ownership of Day’s Jewelers to Employees

(PRESS RELEASE) WATERVILLE, ME — On November 1st, 2021, Day’s Jewelers transferred ownership of its family-owned business to its employees. The Employee Stock Ownership Plan (ESOP) will benefit its 120 employees, making Day’s the only employee-owned and operated jewelry company in Maine and New Hampshire.

“Since my wife Kathy and I purchased Day’s in 1988, we have always set out to build a company that stands the test of time,” said Jeff Corey, VP of Marketing and Co-owner of Day’s Jewelers. “Becoming an ESOP and placing our future in the hands of our tremendous employees, will ensure the continued success of the company and culture we’ve built over the past several decades.”

Kathy Corey, Day’s co-owner goes on to say, “Since its founding in 1914, Day’s Jewelers has held the important core principle of providing the best value to our customers. When considering the future of the company, we weighed the options of selling to an outside buyer or selling to our employees. 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.”

Day’s joins a number of other high-profile employee-owned companies in Maine, including Cianbro, Moody’s Collision, Clark Insurance, ReVision Energy, as well as Yankee Publishing, Inc., Cirtronics Corp., and Hypertherm in New Hampshire.



She Wanted to Spend More Time with Her Kids. She Called Wilkerson.

Your children are precious. More precious than gold? Absolutely! Just ask Lesley Ann Davis, owner of Lesley Ann Jewels, an independent jewelry store that — until the end of 2023 — had quite a following in Houston, Texas. To spend more time with her four sons, all in high school, she decided to close her store. Luckily, she was familiar with Wilkerson and called them as soon as she knew she wanted to move on to bigger, better and more family-focused things. Was she happy with her decision? Yes, she was. Says Davis, “Any owner looking to make that life change, looking to retire, looking to close, looking for a pause in their career, I would recommend Wilkerson. Hands down!”

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