La Jolla, CA (PRWEB) September 30, 2009
The bid deadline for the auction of the Friedman's Jewelers and Crescent Jewelers' intellectual property is Friday, October 2, 2009 (5 PM, PST), with an auction date of October 9, 2009. The sale is being managed by CONSOR Intellectual Asset Management (http://www.consor.com).
The first Friedman's store opened in Savannah, Georgia in 1920. By the late 1990s, Friedman's Inc. had become the largest specialty retailer of jewelry in the nation with over 390 locations in 23 southeastern, southwestern and midwestern states. Another force in the industry, Crescent Jewelers was founded in 1935 with the opening of the first store in Oakland, California and had expanded to 123 stores in three western states by the early 2000s. In 2006, Friedman's Inc. purchased Crescent Jewelers and together they became the leading US operator of jewelry stores with over 475 stores in 20-plus states generating over $435 million dollars in annual revenue.
CONSOR has identified a myriad intangible assets in the Friedman's estate, including the valuable trademark "Say it with Diamonds." The complete intellectual asset portfolio for sale includes the following trademarks and domain names:
Advantage Plus (Credit card services)
Blue Ridge (Diamonds)
Friedman's Jewelers (Retail jewelry stores)
Friedman's Jewelers Since 1920 (Retail jewelry stores)
Say it with Diamonds (Retail jewelry store services)
The Belgian Crown Star (Jewelry)
The Value Leader Since 1920 (Retail jewelry store services)
Crescent Jewelers (Arizona)
Crescent Jewelers stylized (Washington)
Friedman's Jewelers (Florida)
Friedman's Jewelers and Design (Georgia)
Regency Jewelers and Design (Georgia)
For additional information on this opportunity, contact Doug Bania, Director of Business Development at CONSOR at 800-454-9091 x216.
CONSOR is recognized as an industry leader in the valuation, licensing and disposition of all forms of intellectual property and intangible assets. CONSOR professionals have extensive experience in protecting, preserving and maximizing the value of intellectual property and intangible assets in distressed situations. Over the years CONSOR has valued and/or disposed of the intellectual property portfolios for major retailers in bankruptcy, including Fortunoff, Barneys, Montgomery Wards and Service Merchandise, among others. Recently, CONSOR managed the multi-million dollar dispositions of the intellectual property portfolios for Tower Records and Collins & Aikman.