CALIFORNIA | LOCAL
April 20, 1999 |
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.
May 12, 1988 |
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.
May 1, 1987 |
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.
July 26, 1989 |
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.