Spence Diamonds

Spence Diamonds
Private
Industry Retail
Founded 1978 (1978)
Headquarters Vancouver, British Columbia
Number of locations
 7 (Canada)
3 (United States)
Key people
 Eric Lindberg (Executive Chairman)
Products Diamond jewellery
Owner Lion Capital LLP
Website spencediamonds.com

Spence Diamonds[1] is a Canadian retailer of diamond jewellery owned by the British firm Lion Capital. It was founded in Vancouver in 1978. As of July 2018, the chain operated ten locations across 3 Canadian provinces and 3 US states.

History

The company purchased three stores in Houston in 2009, but sold them and ceased U.S. operations in early 2011 before re-entering the American market a few years later.[2]

In April 2015, Lion Capital acquired Spence Diamonds in a $125 million deal.[3]

Eric Lindberg, the company's chairman, announced plans to expand Spence Diamonds to over 40 locations in North America during a July 2018 interview with Retail Insider.[4]

References

  1. ↑ Spence Diamonds
  2. ↑ Robbins Bros. buys back stores in Houston, Spence Diamonds exits
  3. ↑ Primack, Dan (8 April 2015). "Lion Capital buying Canada's Spence Diamonds". Fortune. Retrieved 20 July 2018.
  4. ↑ Toneguzzi, Mario (11 July 2018). "Spence Diamonds Plans Aggressive Expansion Across North America". Retail Insider. Retrieved 20 July 2018.
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