Sunday, February 3, 2008

Luxury Goods Biz Breaking News

What happened to Fortunoff? The classic New York high end jewelry and silver store, which generates $450 million in annual sales, is filing chapter 11. According to WWD, NRDC the parent company of Lord & Taylor, is going to buy the company for $100 million. While the market is swamped with new luxury goods names, I'd hate to lose venerable brand like Fortunoff.
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