I have many pieces all bought when Ralph was on. I too sort of miss seeing Ralph on because I liked his style of selling!
“Richline Group acquires pearl brand Honora
New York--Richline Group Inc. has made another acquisition. The Berkshire Hathaway-owned manufacturer and marketer announced late Thursday that has an agreement, in principle, to buy Honora.
New York-based Honora has been family owned and operated for more than 60 years and is among the premier freshwater cultured pearl brands in the United States and, according to its website, is the largest importer of the gems in the U.S.
Under the agreement, Honora CEO Joel Schechter and President Ralph Rossini will remain on board to run the company as a standalone brand under the Richline Brands division of the company.
The transaction is expected to be completed in July.
Richline Group President Dave Meleski said a key goal of the acquisition is to utilize Richline’s financial support and collaboration to fully champion Honora for domestic and international growth. “Honora expands our product assortment positioning as a dominate player in the pearl jewelry category,” he said.
Schechter said, “We are tremendously excited about our future as a member of the Richline Group and look forward to leveraging their tremendous strengths as we continue growing the Honora brand to consumers.”
A wholly-owned subsidiary of Berkshire Hathaway Inc., the company chaired by billionaire investor Warren Buffett, Richline owns LeachGarner, Inverness, Rio Grande and Richline Brands.
Rio Grande was among its most recent acquisitions, with that deal announced in January. (source:nationaljeweler.com)”
This was posted by National Jeweler.com in May 2020.
Richline purchased Honora in 2013 but it was 2017 when Ralph left
