4.16.12

Haggar Announces New Leadership

 

3.19.12

BJA Auctions Antique

& Estate Jewelry

 

2.28.12

Final Phase of Continental GOB Sale

 

11.29,11

Continental Jewelry Closing in Tampa

 

11.15.11

Unico Designs

the look to hold Two-Store retirement

 

3.2.11

Surya Capital in Association with BJA Purchase Robbins Diamonds Inventory

 

11.11.10

Jewelers Could Have

A Happier Holiday This Year

 

8.23.10

Maharaja's Loses Beachfront Store

as Oil Wary Tourists Avoid the Gulf

 

7.28.10

Buxbaum Group Relocates

 

6.29.10

Michael Lebowitz Joins

Buxbaum Jewelry Advisors

 

6.21.10

Lisa Ketrick Joins

Buxbaum Jewelry Advisors

 

5.14.10

Gold-Buying Helps Jewelers

Weather Great Recession

 

3.29.10

Buxbaum Jewelry Advisors

Helps Hoff Family Jewelers

 

1.12.10

Rapid Sale of $1.5 M Inventory Shows  Demand for Value Jewelry

 

6.18.09

Highly successful sale for

Henricks Jewelers Bonita Springs

 

5.06.09

M.J. Christensen Plans To

Reopen Under New Name

 

5.04.09

Filene's Basement Files

For Chapter 11

 

4.29.09

M.J. Christensen

Store Closing

 

4.23.09

Reviewing All 'Available

Business Options’ for Filene's

 

3.24.09

Jewelry Superstore Offers

Huge Discounts In

Going Out Of Business Sale

 

11.26.08

Retailers to Shout 'Value!' from the Rooftops This Holiday Season

 

9.24.08

Buxbaum Forms Wholesale, Retail

Jewelry Liquidation Venture

 

7.21.08

Toys, Games, and Collectibles

Offered at Huge Discounts

 

7.17.08

Dismal Consumer Confidence

Undermines 'Immunity'

of Luxury Retail

 

7.17.08

Gigantic Inventory Clearance Sale

Makes Dream Kitchens A Reality

 

3.12.08

Western Wear Chains Offering Huge Savings at Special Inventory Sale

 

11.05.07

Shoppers Can Expect Quick Holiday  Bargains As Worried Retailers Cut Prices

 

10.24.07

Rosslyn Hotel Renovation

into Affordable and

Market-Rate Housing

 

9.10.07

Retailers's Shift Away

from Purchasing Contracts

 

7.09.07

Buxbaum Group Relocates

to Agoura Hills, CA

 

5.03.07

Downturn Means Uncertainty For

New Breed of Asset-Based Lenders

 

2.22.07

Collectors Art

Going-Out-of-Business Sale

 

11.02.06

Buxbaum Group Announces Senior Executive Changes

 

10.23.06

What Will the Holiday Season Bring

 

10.18.06

Marcos and York Join Buxbaum Group

Asset Appraisal Group

 

4.12.06

Acquisition of Honduran Factory to

Help Indosheen Regain Prominence

 

1.03.06

Buxbaum Group Readies

Indosheen for More Growth

 

11.09.05

 Confirmation Hearing on

Waterman Reorganization

 

10.25.05

Buxbaum Group

Gets Gramicci

Back On Track

 

10.20.05

Buxbaum Group the Key to

Sale of Rampage

 

2.17.04
Buxbaum Group Inventory
Appraisals Hit $5.0 Bil.
in 2003

 

1.7.04
David Buxbaum Named to Local
Airport and Hospital Boards

 

12.24.03

Right Start Stores Now in
Liquidation Mode, As Court
Rejects Offer On Business


12.9.03
Buxbaum Group Inventory
Appraisals Exceed $3.5 Bil.
on Target to Reach $5.0 Bil.
for 2003

 

12.4.03
Inventory Clearance Sales
Begin in All 142 FAO Schwarz,
Zany Brainy, and the
Right Start Stores

 

3.27.03
Buxbaum Group Appraised
Approx. $4.0 Billion
in Inventories in 2002

 

2.28.03
Court Approves GOB Sales
For Troutman's Emporium;
Buxbaum Group, Others
to Run Liquidation

 

BUXBAUM FORMS NEW WHOLESALE, RETAIL JEWELRY LIQUIDATION VENTURE - Buxbaum Jewelry Advisors to be led by industry veteran Gary Jorgensen

AGOURA HILLS, Calif. (9/24/08) – Responding to market needs, Buxbaum Group, one of North America’s most experienced liquidators and appraisers of retail and wholesale goods, today announced the launch of a new venture focused on helping struggling jewelers liquidate their operations and to get maximum returns on excess inventory. The company is partnering in the new venture with Metropolitan Equity Partners, a New York City-based Private Equity firm that focuses on lower-middle market and growth-stage companies.

“Buxbaum Jewelry Advisors was formed in response to extreme stress in the American jewelry business, which has been hit hard by the Internet jewelry phenomenon as well as the economic slump,” said Paul Buxbaum, CEO of the Agoura Hills-based Buxbaum Group.

Marked by declining sales at venerable retail chains like Friedman’s Jewelers, Zales and, most recently, Whitehall Jewelers, the U.S. jewelry business has seen a rash of bankruptcies and store closings in recent months, noted Stevan Buxbaum, Executive Vice President. “We know this sector will continue to contract,” he said. “In fact, the Jewelers Board of Trade estimates that probably 20% or more of independent jewelry stores will go out of business over the next five years.”

Buxbaum Jewelry Advisors will draw on decades of experience in both jewelry liquidation and retail operations to organize, advertise and execute sales for its clients. “Our firm has a long history in the jewelry business. One branch of the family has operated jewelry stores since 1895, and we have extensive experience in liquidating catalog jewelry showrooms, as well as wholesale and retail jewelry,” said Stevan Buxbaum. “In forming this venture, we are recruiting a number of seasoned veterans in the jewelry liquidation industry. Our clients will be able to avail themselves of some of the best, hands-on, sales-operations talent in the country.”

Day-to day operations of the new venture will be led by jewelry industry veteran Gary Jorgensen, who will serve as Vice President responsible for new accounts and liquidation oversight. A certified gemologist, Jorgensen brings over three decades of experience in both the retail and asset recovery sides of the business. After closing his own store in 1987, Jorgensen began his asset recovery career with jewelry liquidator Silverman Consultants. Following 12 years with the company, he served as a lead consultant to Buxbaum Group and other major liquidators on various multi-store projects, before joining Wilkerson and Associates in 2005. Over the course of his career, he has directed orderly liquidations of hundreds of stores across North America, including projects at such companies as Friedman’s Jewelers and Sterling Jewelry and Distributing, Inc.

“We have known and worked with Gary for many years, including several assignments as our lead consultant on multi-store liquidations,” said Paul Buxbaum. “His knowledge of all facets of the jewelry industry and experience in running liquidations that generate strong sales and net returns, will make him a valuable member of our team. We are pleased to have Gary back with us on a full-time basis.”

Commenting on his firm’s association with Buxbaum Group in the new venture, Benjamin Yogel, Metropolitan Principal and Vice President of Buxbaum Jewelry Advisors, stated: “We are excited to partner with one of the preeminent leaders in the liquidation industry to provide needed assistance to the jewelry industry in these very challenging times.”

About Buxbaum Group - Buxbaum Group has built its reputation for over 30 years as one of the largest liquidators and appraisers of retail and wholesale inventories across North America. While continuing to operate in those areas, the company has shifted its primary focus in recent years to turnaround investing and advisory services.

About Metropolitan - Metropolitan Equity Partners is a trusted investment partner to leading lower-middle market and growth-stage companies. The Principals at Metropolitan have led investments in over 30 growth stage and middle-market companies over the course of their careers in addition to holding multiple operating roles in private companies in special situations. Metropolitan has made five investments in 2008, each time backing a proven management team in a strong industry.

Press Contacts: At Buxbaum Group, Stevan Buxbaum (612) 363-6517; at Parness & Associates Public Relations, Bill Parness or Lisa Kreda, (732) 290-0121