Prospector
Profile
111-01
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| Finlay Fine Jewelry Corp. |
NAICS |
448310 |
| 529 Fifth Avenue
New York, NY 10017 |
Description |
Jewelry Stores |
| (212) 808-2800 |
Employees |
0 |
| http://www.finlayenterprises.com/phoenix.zhtml?c=95925&p=irol-homeprofile#about |
Revenue |
(mil) |
761.8000 |
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Income |
(mil) |
4.4000 |
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Assets |
(mil) |
536.6430 |
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Liability |
(mil) |
420.0390 |
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(for the year ended 2007-02-03) |
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Category:
Low Rating
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Event:
Standard & Poor's Ratings Services lowered the senior unsecured rating of Finlay Fine Jewelry Corp. to 'CCC+' from 'B-', and removed all ratings from CreditWatch, where they were placed with negative implications on Sept. 27, 2007. The outlook is negative. "The downgrade reflects the New York City-based company's weak operating performance and concerns regarding the renewal of department store leases and the company's limited history in operating free-standing retail stores," said Standard & Poor's credit analyst David Kuntz.
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Intellectual Property:
In May 2005, the Company completed the acquisition of Carlyle & Co. Jewelers. Carlyle currently operates 33 specialty jewelry stores located primarily in the southeastern United States under the Carlyle & Co., J.E. Caldwell & Co. and Park Promenade trade names. [SEC Filing 10-K 04-19-07]
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Description:
Finlay Fine Jewelry, a wholly-owned subsidiary of Finlay Enterprises, Inc., is a retailer of fine jewelry in the United States.
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Officers:
Arthur E. Reiner (Chair & CEO); Joseph M. Melvin (Pres. & COO); Leslie A. Philip (EVP & Chief Merchandising Officer); Edward J. Stein (SVP); Joyce Manning (EVP); Bruce E. Zurlnick (SVP, Treas. & CFO); David B. Cornstein (Dir.); Rohit M. Desai (Dir.); Ellen R. Levine (Dir.); Louis Lipschitz (Dir.); Norman S. Matthews (Dir.); Charles E. McCarthy (Dir.); Thomas M. Murnane (Dir.)
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Auditor:
Deloitte & Touche LLP
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Securities:
Common Stock-Symbol FNLY; Nasdaq;
1,000 common shares outstanding as of December 7, 2007.
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