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CALIFORNIA | LOCAL
April 20, 1999 | BARBARA MURPHY
Merksamer Jewelers in The Oaks shopping center in Thousand Oaks has changed its name to Fred Meyer Jewelers. Fred Meyer, the nation's fourth-largest jewelry company, changed the store name to be consistent with its policy to gradually put its name on all its mall locations. "All we are changing is the name," said store manager Charles Mayrsohn. "We will continue to provide the top-of-the-line jewelry that our customers have come to expect."
CALIFORNIA | LOCAL
May 12, 1988
Lawsuits seeking more than $20 million were filed Wednesday against two jewelry stores accused of fraudulently selling used Rolex watches as brand new to wealthy friends of a Beverly Hills jeweler who conducted a home-grown "sting" operation.
BUSINESS
May 12, 1988 | MARY ANN GALANTE, Times Staff Writer
A discount jeweler who is engaged in a running battle with Rolex Watch USA filed a lawsuit Wednesday accusing one of South Coast Plaza's toniest jewelers of selling used watches as new. Carl Marcus, owner of Marcus & Co. in Beverly Hills, accused Bailey Banks & Biddle of selling his wife, Rose, a $3,051 Rolex watch that had been returned by another customer.
BUSINESS
May 1, 1987 | MARTHA GROVES, Times Staff Writer
Bonwit Teller, a tony, 100-year-old specialty apparel chain owned by Allied Stores, will be sold for $101 million to an Australian real estate developer that plans to aggressively expand the operation and eventually bring it back to the California market, it was announced Thursday. Hooker Corp., a diversified company based in Sydney, Australia, that is developing four regional shopping malls in the United States, said it expects its cash purchase to close by July 1.
BUSINESS
July 26, 1989 | From Reuters
Debt-burdened Hooker Corp., an Australian property group which owns the exclusive Bonwit Teller department stores in the United States, began liquidating today as banks pressed the company for overdue payments. Hooker said in a statement that it had no choice but to go into the initial stages of forced asset sales after a task force of more than 40 banks Tuesday abruptly ended an agreement on a four-month debt repayment moratorium.
BUSINESS
October 9, 1987 | NANCY YOSHIHARA
An Australian real estate development firm that has been buying up retail chains across America, including the tony Bonwit Teller stores, has named a veteran U.S. retailer to head its American operations. Michael J. Babcock, 46, was named president and chief executive of New York-based Hooker Retail USA, a division of Hooker Corp., which has amassed an $800-million retail empire in six months. In addition to the Bonwit Teller chain, Hooker Corp. owns B. Altman and Merksamer Jewelers.
NEWS
November 18, 1986 | DAN MORAIN, Times Staff Writer
On the day of their arrest, Ronald McIntosh and Samantha Dorinda Lopez may have been headed for a Washington port near the Canadian border where McIntosh kept a 49-foot ketch, authorities said Monday. It was that purchase which helped lead to the capture of the prison sweethearts here over the weekend. When he bought the boat in May, 1985, McIntosh used the alias Lyle Thompson, and managed to arouse considerable suspicion from the sellers.
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