Searching for Samuels Jewelers Parent Company information? Follow the links below to find all the information you need and more.
https://www.petition11.com/cases/samuels-jewelers-bankruptcy
Samuel Jewelers’ action comes as its Indian parent company, Gitanjali Gems Ltd, finds itself in legal hot water. Gitanjali’s chairman, Mehul Choksi, was accused by state-run Punjab National Bank in India of defrauding it of nearly $2 billion. Or, even more significant, burdensome leases on its 120 leased stores in 23 states. Per the company:
https://www.jckonline.com/editorial-article/samuels-jewelers-files-chapter-11/
Earlier this year, the company tapped Berkeley to strengthen its balance sheet. It ultimately decided it had no choice but to pursue Chapter 11, Duffy wrote. Based in Austin, Texas, Samuels Jewelers operates in 23 states under the names Samuels Diamonds, Samuels Jewelers, Schubach Jewelers, Rogers Jewelers, and Andrews Jewelers.
https://www.mygemologist.com/blog/news-and-press/samuels-jewelers-is-closing-were-here-to-help/
Feb 15, 2019 · Samuels Jewelers is Closing, We’re Here to Help Warranty Questions, Repairs, and Special Deals. Questions about your warranty? Scroll down to the section on warranty coverage to learn more.. After 125 years in the jewelry business Samuels Jewelers has filed Chapter 11 bankruptcy and is now in the final days of closing all of its 120 stores.
https://www.law360.com/articles/1138717/bankrupt-jeweler-accused-of-aiding-fraud-seeks-ch-7-status
Mar 13, 2019 · Indian billionaire Nirav Modi — whose three U.S. jewelry companies are also in Chapter 11 and who is the nephew of Mehul Choksi, Samuels Jewelers' former director and chairman of Samuels' parent...Author: Rick Archer
https://www.nationaljeweler.com/majors/market-developments/6878-samuels-jewelers-files-for-bankruptcy
Aug 08, 2018 · The filing for the 120-store chain comes in the wake of a $1.8 billion bank fraud allegedly perpetrated by Choksi, who is the owner of Samuels parent company Gitanjali Gems, and his nephew, Nirav Modi, both of whom are wanted by Indian authorities.
https://www.law360.com/articles/1129997/wells-fargo-wants-quick-ok-on-samuels-jewelers-credit-bid
Representatives for Wells Fargo and Samuels could not immediately be reached late Friday for comment. The 120-store retailer hit Chapter 11 in August with $120 million in debt following allegations...
We hope that you have found all the necessary information about Samuels Jewelers Parent Company using the links above.
