JCK-Jewelers Circular Keystone writes:
Gitanjali Gems Ltd. has acquired a majority ownership interest in Samuels Jewelers Inc. from funds managed by DDJ Capital Management. Terms of the transaction were not disclosed.
Samuels operates 97 retail jewelry stores in 18 states throughout the United States. It operates under three trade names: "Samuels," "Schubach," and "Samuels Diamonds." Measured by the number of retail locations, Samuels is the tenth largest specialty retailer of fine jewelry in the United States. The company will remain headquartered in Austin, Texas, according to a statement released Wednesday.
More info @ http://www.jckonline.com/article/CA6401819.html?industryid=46018
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