Henricks Fine Jewelers
Founded : 1982
Activities : Retail diamonds, gold, precious and semi-precious jewelry and watches
Parent Company : Finlay Enterprises
Stockists : 5+ locations
Origin : 27820 S Tamiami Trail
Bonita Springs, FL 34134
Henricks Fine Jewelers is a regional specialty retailer of fine jewelry offering a selection of merchandise in the following categories: diamonds, gold, precious and semi-precious jewelry and watches. In 2003, Luxury Ventures bought the original Henricks, which was founded by Henry Grimes and his son Rick in Bonita Springs in 1982. Under Luxury Ventures, Henricks continued to operate locations in Bonita Springs and Naples, opened two stores in Alaska and one in Sarasota, and planned another store for Fort Myers.
In 2006, the company’s annual sales were between $17 million and $18 million, Waters said. When they filed for bankruptcy, their debt was more than $8 million, but after the liquidation sale that debt is significantly reduced. The brand is now an integral part of the Fine Jewelers Group of Finlay Enterprises.
Finlay Enterprises, Inc. is one of the leading jewelry retailers in the United States. Unlike competitors such as Zale Corp., Finlay initially operated few self-standing retail locations. Instead, the company operated fine jewelry departments in leased spaces in stores owned by 26 major and independent host store groups. Once the largest share of Finlay’s 1,097 U.S. departments were located in stores in The May Department Stores group, including stores such as Filene’s, Kaufmann’s, and Lord & Taylor, which acts as host to 343 Finlay departments.
Another top Finlay host is Federated Department Stores, Inc., which owns stores such as Rich’s, Sterns, and Burdines, and which hosts 153 Finlay departments. Independent store groups featuring Finlay Fine Jewelry departments include Belk, Carson Pirie Scott, Liberty House, Dillard’s, Steinbach, and others, bringing Finlay into 43 states and Washington, D.C. Finlay is the largest operator of leased jewelry departments in the United States.
Finlay Fine Jewelers, America’s Finest Jewelers and it’s brands have conducted almost $50 billion in jewelry sales with some of the leading retail partners in the world since 1832. Finlay Enterprises Incorporated’s principal activities are the retailing of fine jewelry products and operating leased fine jewelry department stores throughout the United States and France. The Group operates under many brands in addition to L.D. Giddens & Son (1858) including Shifrin-Willens (1926), Merksamers (1979), and Jay B. Rudolph (1967).
Vertical integration is a key component to success in the jewelry industry. While Vin Lee Jewelers has been featured along side Harry Winston and worn by celebrities, dignitaries and even royalty, many of the brands within Finlay Enterprises cater to a broader audience. Starting with the acquisition of American Jewelry Manufacturers in the early 90s, the Group became the jewelers jeweler, providing precious metal and gemstone inventory, manufacturing, and design work for other retail and wholesaler operations.