Richline Gets Andin, Colibri Trademarks
By JCK Online Staff -- JCK Online, 6/1/2009 2:00:00 AM
Richline, the jewelry manufacturer that is part of Warren Buffett's Berkshire Hathaway, has two new additions to its stable.
The first is Andin, a mass market jewelry manufacturer based in New York. Ofer Azrielant, Andin's owner, will become executive vice president of Richline's Gem Group. The company said in a statement that Andin "joined the Richline family." It has discouraged use of the word "purchased."
Richline also bought the intellectual property, trademarks, and tools of the Colibri Group from Internet site bidz.com. Among the brands in this transaction are Krementz, Van Dell, Shiman, Dolan & Bullock, Taylor Avedon, Angelite, Skal, Skalet, Magical Years, Little Miss Pride, Sideways, Darling Diamonds, Fingerprint Locket, and others.
Bidz also agreed in principle to buy future closeouts from Richline on a nonexclusive basis. The e-commerce site paid $6 million for the brands in a bankruptcy auction in March. The new purchase price was not disclosed.
JCK Year In Review 2009
11/30/2009The Gold Price and this Holiday
03/21/2010Bidz Sells Colibri Assets to Richline
04/17/2009JCK Show Report
06/02/2009Alarama Purchased by Berkshire Hathaway
11/06/2007
VIEW ALL GALLERIES