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Article: CLOVER, ROBERT LEE MORRIS SPLIT FROM FABRIKANT.(M. Fabrikant and Sons)
- Article from:
- WWD
- Article date:
- November 20, 2006
- Author:
CopyrightCOPYRIGHT 2006 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jennifer Hirshlag
Clover Corp., which has owned Robert Lee Morris Inc. since 1998, has parted ways with its founding affiliate, M. Fabrikant & Sons.
Fabrikant sold the assets and certain liabilities of Clover to entities owned by Lester Friedlander, a former officer of Clover and Robert Lee Morris Inc. Terms of the sale were not disclosed.
Friedlander will now form Clover II Corp., which will serve as the business umbrella for Clover II and Robert Lee Morris. The original Clover will cease to exist. Clover II will take over much of the former firm's operations, including wholesaling jewelry to QVC, J.C. Penney and Sam's Club, among other ...