Supplier News

MICHAEL ANTHONY BUYS T&C’s TRADEMARKS Michael Anthony Jewelers Inc., a leading U.S. manufacturer and marketer of gold jewelry, on March 16 purchased the jewelry trade names and trademarks, molds, and models of the Town & Country Fine Jewelry Group for $4.5 million. The deal included some equipment of Town & Country’s Chelsea, Mass., headquarters and contents of its showrooms in Dallas and New York. Immediately after the transaction, Michael Anthony sold two of Town & Country’s former lines —Feature Ring and Bridal jewelry—to Stuller Settings Inc. of Lafayette, La. Early this year, Town & Country Fine Jewelry Group laid off almost all of its workers and filed for bankruptcy protection. (Its parent firm, Town & Country Inc., did not file.) Michael Anthony offered $24 million to buy most of its assets, except real estate, though it was primarily int
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