Spence Diamonds
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.
 | |
| Type | Private |
|---|---|
| Industry | Retail |
| Founded | 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 |
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
- Spence Diamonds
- Wollam, Allison (14 January 2011). "Robbins Bros. buys back stores in Houston, Spence Diamonds exits - Houston Business Journal". Houston Business Journal. Retrieved 2019-07-04.
- Primack, Dan (8 April 2015). "Lion Capital buying Canada's Spence Diamonds". Fortune. Retrieved 20 July 2018.
- Toneguzzi, Mario (11 July 2018). "Spence Diamonds Plans Aggressive Expansion Across North America". Retail Insider. Retrieved 20 July 2018.
External links
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