L.I.D. Reaches Agreement With Banks

L.I.D., which has been operating under Chapter 11 since March, said its lender banks have agreed to a long-term financing agreement that will allow the New York–based diamond jewelry company to accelerate its growth plans for the foreseeable future. “We are a more viable company today, as our plan continues to exceed projections,” said L.I.D. president David Elishayov. De Beers and LVMH are partners in the De Beers Diamond Jewellers retail chain.

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