Wednesday, 15th June 2005 (4072 views)

Jewelry supplier the Colibri Group has been sold to a group of investors, opening up overseas opportunities for the company.

Colibri, one of the most successful and best-known suppliers of jewelry to both independent and chain stores in the US, was confirmed as sold on June 13th.

According to the group's president, Fred Levinger, Colibiri's new owners, which include major investment firms, intend to expand the company's overseas presence.

Colibiri currently only does about five per cent of its business abroad, but Mr Levinger said that the fact that one of the new partners is Chinese will offer new opportunities for the group.

"We'll have better access in China from a structural point of view," Mr Levinger told the Jewelers' Circular Keystone (JCK).

The company director said he would be asking the new owners to consider "opening those markets to our brand and doing more in China, a major market, than we could do on our own."

The Colibri Group manufactures and supplies 18 and 14 carat gold and sterling silver jewelry for both men and women under the brand names Van Dell, Shiman, Krementz and Dolan & Bullock.

 

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