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RAPAPORT... High Line Precious Acquisition LLC, an affiliate of Frederick Goldman Inc., purchased the assets of Scott Kay, a branded jewelry firm with a global distribution network.
Scott Kay’s design, sales and marketing will continue to operate as a separate entity. Adam Gurian, in addition to his role as executive vice president of global sales and merchandising for Frederick Goldman, will assume the role of general manager for the Scott Kay brand. Jonathan Goldman, Frederick Goldman's chairman and CEO, said, “I am honored to carry on the legacy of Scott Kay’s highly passionate, creative and pioneering spirit. Scott had such an amazing commitment to family, faith and values, which is something we highly value at Frederick Goldman Inc. We couldn’t be more pleased to welcome the Scott Kay brand into our family.” Goldman added that Scott Kay holds an important position in the marketplace that will continue to drive future growth within the fine jewelry industry by leveraging reputation, unique design aesthetic and a library of Scott Kay designs. “The acquisition offers us the ability to build upon a very well recognized and respected consumer brand name,” said Goldman. "The Scott Kay brand fulfills a clear need within the jewelry industry for branded, distinctively designed, high-quality bridal, wedding and fashion jewelry. There really is no other branded collection to compete with Scott Kay and we believe the opportunities for growth are extensive.” Frederick Goldman's brands include ArtCarved, Keepsake, Goldman, Diana and Triton.
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