RapNet


Rapaport News

 

Manufacturing

 
Rapaport Broadcast
Martin Rapaport’s Webinar on Estate Jewelry
October 30 2019

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Samuel Aaron Jewelry Plant to Close

Jan 26, 2017 2:02 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share
RAPAPORT... Richline Group is shutting down a jewelry-manufacturing plant in New York State following its acquisition of The Aaron Group this month.

The factory, located in Mount Vernon, will close April 25, according to a filing with the New York State Department of Labor by Samuel Aaron International, the division of Aaron Group which ran the facility.

All 42 employees at the site will be affected with layoffs occurring in the 14-day period starting April 12, the notice said. Richline will spend the next 90 days working on plans for combining employees, departments and facilities, a spokesperson said.

Jewelry manufacturer Richline, a subsidiary of Warren Buffett’s Berkshire Hathaway, acquired The Aaron Group on January 11. Samuel Aaron, one of six divisions of the company, distributes colored-stone jewelry, mass-market bridal categories and diamond-fashion jewelry.

The Aaron Group did not respond to a request for comment.
Tags: Berkshire Hathaway, layoffs, Manufacturing, Mount Vernon, New York State, New York State Department of Labor, Rapaport News, richline, richline group, Samuel Aaron, Samuel Aaron International, The Aaron Group, warren buffett
Similar Articles
Alrosa KristallAlrosa to Restructure Manufacturing Business
Dec 17, 2019
Alrosa’s supervisory board has approved a three-yearstrategy for its cutting-and-polishing...
Zvi Yehuda: The Industry’s Idea Man
Rough Slowdown Weighs on Asian Star
KGK Opens Angola Cutting Factory
Dubai Conference Tech PanelDiamond Manufacturers Must Brace for Automation
Oct 31, 2019
Imagine the following: A diamond-mining company operating with self-driving trucks...
Sarine Anticipates Return to Profitability
Synova Launches Automated Cutter
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us