Hofmeister’s Personal Jewelers, a well-regarded 30-year-old Indianapolis store, filed for Chapter 11 bankruptcy on April 13.
Total assets are listed as $3,799,695.82, and liabilities as $5,483,013.75. Leading secured-trade creditors include Hearts On Fire, Le Vian Corp., and the Movado Group.
Owner Carter Hofmeister tells JCK that his store “will work through this” and expects to retain all of its 40 employees. “Almost every vendor has been really incredible and we appreciate the support,” he adds. “Sales for March and April have been very good.… I am very blessed to have the relationships that we have.”