2011 July 14
(NEW YORK) Robert Lee Morris has a new owner in Haskell Jewels, which purchased the brand from Clover II Corporation, the parent company that purchased RLM in 1998. The acquisition concerns all of the brand's assets, including Morris' original designs, his department store as well as QVC business, sample collections, trademarks (including the Robert Lee Morris mark), a retail store in Soho, and the designer's original works of art. Morris himself will remain with the company as a designer.
Haskell Jewels, founded in 1926 by designer Miriam Haskell, happens to be among the largest costume jewelry houses in the United States. In addition to the M.Haskell and Miriam Haskell lines, the company designs and manufactures pieces for a variety of designers, and holds licenses for Kenneth Cole, Kohl's Simply Vera line, and a rainmaker in its category, Betsey Johnson jewelry. It also does a private label business for retailers such as Gap, Old Navy, J.C. Penney, Nordstrom, and Steinmart. Industry sources estimate a sales volume of $150 million for Haskell Jewels.
“We really feel that Robert is a true innovator and designer and one of the industry’s true talents. Since he started, he’s had a had a profound influence not only on jewelry design, but on the young talent we see today from his collaborations with Donna Karan, through his gallery Artwear,” Gabrielle Fialkoff, president of Haskell Jewels, told WWD. She has cited plans to open new stores and develop new ideas for brand extension before the projected Fall 2012 relaunch of Robert Lee Morris.