Shreve, Crump, & Low; High End Jewelers Goes Chap 11.
The parent company of Boston jeweler Shreve, Crump & Low --Tyringham Holdings Inc.-- blames high remodeling costs and the jewelry store's relocation for a decline in business for which it was forced to file Chapter 11 on September 6.
Tyringham also owns the Schwarzschild Jewelers chain in the state of Virginia, which consists of three store locations in the Richmond area.
Prior to Christmas season 2005, Tyringham invested more than $7 million to relocate and remodel one of two Shreve brand stores. The store also commissioned a hand-made Steuben sculpture for a central design element. Revenue fell some $1.5 million following the move. Tyringham's 2005 revenue clocked in at $31 million, down 26 percent from year 2000, and net losses came in at $9 million, up from $648,000 in year 2003, according to court papers.
Court documents list assets at $24.8 million and liabilities at $24.3 million.
Tyringham has been soliciting bids for both chains and allowed four companies to conduct due diligence in 2006. Tyringham reports having signed "a pact" with Carlyle & Co. Jewelers of North Carolina, following a $9.8 million proposal to buyout only the Schwarzschild chain.
TrackBack
TrackBack URL for this entry:
http://blogadmin.diamondvues.com/mt-track-back.cgi/4824
Comments
I saw something about this topic on TV last night. Good article.
Posted by: filmy porno on March 6, 2011 10:53 AM
You really make it seem so easy with your presentation but I find this topic to be really something which I think I would never understand. It seems too complicated and extremely broad for me. I'm looking forward for your next post, I’ll try to get the hang of it!
Posted by: tanie odzywki on March 11, 2011 12:33 AM
I discovered this text very up-to-date and informative because it provides glorious tips to acquire the best possible Life insurance coverage charges and quotes. With this useful data, you'll be able to make your choices extra wisely and acquire the most effective Life insurance coverage plan for yourself. Plus, there are normally a wide range of assets to help you better understand your policy.
Posted by: SautinSoft coupons on March 23, 2011 3:30 PM
Im impressed, I need to say. Extremely rarely do I come across a weblog thats both informative and entertaining, and let me tell you, youve hit the nail on the head. Your blog is crucial; the problem is something that not enough individuals are talking intelligently about. Im really pleased that I stumbled across this in my search for something relating to this issue.
Posted by: fluval filters on May 8, 2011 3:55 PM
This is absolutely a topic thats close to me so Im happy which you wrote about it. Im also pleased that you did the subject some justice. Not just do you know an excellent deal about it, you know the way to present in a way that folks will want to read far more. Im so pleased to know someone like you exists on the web.
Posted by: volcom backpacks on June 4, 2011 1:41 PM
How could I've missed this blog! Its incredible. Your design is flawless, like you know specifically what to do to do make people flock to your page! I also like the perspective you brought to this subject. Its like you've an insight that most people havent seen just before. So great to read a weblog like this.
Posted by: rolling duffle bags on June 4, 2011 11:15 PM
I should say that overall I'm truly impressed with this blog.It really is simple to see which you are passionate about your writing. If only I had your writing capability I look forward to far more updates and will be returning.
Posted by: Lorry Insurance on June 5, 2011 12:55 AM
Its like you read my mind! You appear to know so significantly about this, like you wrote the book in it or some thing. I think that you could do with some pics to drive the message property a bit, but apart from that, this is wonderful blog. A great read. Ill definitely be back.
Posted by: Lorry Insurance on June 5, 2011 4:05 AM
I have been surfing on-line more than 3 hours right now, however I in no way found any interesting article like yours. It is fairly worth enough for me. In my opinion, if all webmasters and bloggers produced good content as you did, the web will likely be much more helpful than ever just before.
Posted by: cool backpacks on June 5, 2011 10:55 AM
All I want to say is, yes! Yes! Yes! Youre so proper. I wish to get behind this so considerably. You speak with so a lot authority, so a lot spirit, I feel as although youve undoubtedly hit the nail on the head. Very good job with this. Please maintain brining us a lot more due to the fact we require much more of your sort of blogger.
Posted by: panoxyl on June 5, 2011 12:11 PM
Wow, what a blog! I mean, you just have so a lot guts to go ahead and tell it like it really is. Youre what blogging requirements, an open minded superhero who isnt afraid to tell it like it is. This is definitely something people should be up on. Great luck in the future, man.
Posted by: Gap Year Travel Insurance on June 5, 2011 1:14 PM
Can I make a suggestion? I feel youve got something good here. But what in case you added a couple links to a page that backs up what youre saying? Or possibly you could give us some thing to take a look at, some thing that would connect what youre saying to some thing tangible? Just a suggestion.
Posted by: Wireless TV Speakers on June 5, 2011 8:57 PM
Write more, thats all I've to say. Literally, it seems as though you relied on the video to make your point. You clearly know what youre talking about, why waste your intelligence on just posting videos to your weblog once you could possibly be giving us some thing enlightening to read?
Posted by: Gap Year Travel Insurance on June 5, 2011 9:43 PM
For what its worth, the layout is definitely wonderful. You know the best way to balance writing and images/videos. However, I cant get over how little you truly bring to light here. I feel that everyones said the identical thing that youve said over and over once more. Dont you think its time for some thing far more?
Posted by: panoxyl on June 6, 2011 4:03 AM
This is such a deep blog! What can I say, youve hit the nail proper on the head! You even added some videos to create it seem so much more real. Youve got a fantastic way of communicating with the reader, an excellent way of creating me feel like what you've got to say is just as crucial to me as it is to you. Keep it up!
Posted by: Cheapest Car To Insure on June 12, 2011 5:41 AM
I dont know what to say. This is undoubtedly one of the better blogs Ive read. Youre so insightful, have so a lot real stuff to bring to the table. I hope that much more individuals read this and get what I got from it: chills. Excellent job and wonderful weblog. I cant wait to read more, maintain em comin!
Posted by: zhu zhu pets on June 12, 2011 2:49 PM