By  on December 5, 2008

Jewelry retailer Finlay Enterprises Inc. reported a higher third-quarter loss on Thursday, partly because of the acquisition of Bailey Banks & Biddle. Concerns about the firm’s finances pushed down the share price.

For the three months ended Nov. 1, the loss grew to $20.8 million, or $2.23 a share, from $7.5 million, or 82 cents, in the year-ago quarter. Results from the prior year exclude continuing operations figures from Parisian stores, which were acquired by Belk Inc. In addition, the company expected an interim loss from its acquisition of Bailey Banks & Biddle from Zale Corp. in November 2007.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus