Founded : 1832
Activities : Retailing fine jewelry/operating leased department stores
Parent Company : Finlay Enterprises
Stockists : 1,097 locations
Origin : 529 Fifth Avenue
New York, NY 10017
Finlay Enterprises, America’s Finest Jewelers and it’s brands have conducted over $100 billion in jewelry sales with some of the leading retail partners in the world since 1832. Finlay Enterprises Incorporated’s principal activities are the retailing of fine jewelry products and operating leased fine jewelry department stores throughout the United States and France. Founded as Seligman & Latz, the company’s original focus was the operation of beauty salons, also under a lease arrangement with department and specialty stores. Jewelry sales were soon added to the company’s portfolio, and by 1942, the company opened its first leased Finlay Fine Jewelry department.
Vin Lee approached the group in 2007 about making an investment. Crushed under the debt of the Bailey, Banks, and Biddle acquisition and a $550 million line of credit from GE Capital, Finlay Enterprises filed for bankruptcy protection in 2009. Grand Metropolitan participated in the auction process through 2010 and acquired remaining assets of the company including the Finlay brand in 2011.
Today Finlay Enterprises owns and operates a collection of over 30 brands. The group collectively pulls from a rotating inventory of $130 million in precious metals and loose stones and brokers diamonds to over 2,600 locations in North America.
Each year, Finlay Enterprises can be seen on the red carpet at the Golden Globes, Academy Awards, Grammys, and Independent Spirit Awards. Vin Lee Jewelers, the creator of the tennis earring, has been worn by celebrities, diplomats, and even royalty, most notably at the Cannes Film Festival by family of the President of France.
The Diamond Standard brand was sold to an affiliate of Jimmy Choo Limited. Vin Lee Jewelers also sold it’s Candy Shop facilities, an 11,000 sf private showroom in Bel Air, CA to former associates from Signet Jewelers, owners of the Kay and Jared brands and the largest publicly held jeweler in the world.