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House of Taylor Jewelry reports Q2 loss despite higher sales
21 Aug '06
4 min read
House of Taylor Jewelry Inc, an international jewelry company whose principal shareholders include entities owned by Dame Elizabeth Taylor and Kathy Ireland, reported its operational progress and financial results for the second quarter and six months ended June 30th 2006.
The company, whose shares began trading on NASDAQ in March 2006, designs, markets and sells branded jewelry to independent jewelry retailers.
In May 2005, House of Taylor Jewelry was formed through exclusive licensing agreements with Dame Elizabeth Taylor's Interplanet Productions, and SandBox Jewelry LLC, a subsidiary of Kathy Ireland Worldwide. It allows the company to sell fine and fashion jewelry under the brand names Elizabeth, House of Taylor Jewelry and Kathy Ireland Jewelry Exclusively for House of Taylor Jewelry.
"We have made significant progress laying the groundwork and establishing the infrastructure for rolling out our branded products to independent jewelry retailers throughout the United States and in select international markets," said Jack Abramov, President and CEO.
"Initial response has been excellent, as evidenced by orders the company has received at recent jewelry industry trade shows and the early direct contacts our newly expanded sales force is making with store owners and buyers.
"Now more than ever, independent jewelers are seeking new co-op branding and marketing initiatives to bring visibility and traffic to their stores," Abramov said.
The company, whose shares began trading on NASDAQ in March 2006, designs, markets and sells branded jewelry to independent jewelry retailers.
In May 2005, House of Taylor Jewelry was formed through exclusive licensing agreements with Dame Elizabeth Taylor's Interplanet Productions, and SandBox Jewelry LLC, a subsidiary of Kathy Ireland Worldwide. It allows the company to sell fine and fashion jewelry under the brand names Elizabeth, House of Taylor Jewelry and Kathy Ireland Jewelry Exclusively for House of Taylor Jewelry.
"We have made significant progress laying the groundwork and establishing the infrastructure for rolling out our branded products to independent jewelry retailers throughout the United States and in select international markets," said Jack Abramov, President and CEO.
"Initial response has been excellent, as evidenced by orders the company has received at recent jewelry industry trade shows and the early direct contacts our newly expanded sales force is making with store owners and buyers.
"Now more than ever, independent jewelers are seeking new co-op branding and marketing initiatives to bring visibility and traffic to their stores," Abramov said.
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