Carlyle, Congress Owners Buy Stores Back

It's back to the future for the Carlyle and Congress Jewelers chains, as their former owners purchased the company's intellectual property and some stores at the recent auction of Finlay assets. Adamas Partners, a group that sources said is spearheaded by Russell Cohen, who formerly headed Carlyle and Co., purchased 14 Carlyle store leases as well as all the fixtures, furniture, and equipment in those stores. It also won the intellectual property of Carlyle & Co. Jewelers, Park Promenade, and J.E. Caldwell & Co., and agreed to enter into a two-year lease, at market rent, for the Carlyle headquarters in Greensboro, N.C. A spokesman told a North Carolina business journal that Adamas wants to “relaunch” the business. Meanwhile, S. Congress Fine Jewelers, owned by Scot Congress, the former owner of Congress Jewelers, purchased the lease and fixt

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