– HASKELL BUYS SAMARA: Costume jewelry firm Haskell Jewels has acquired M.W. Samara Sterling Silver Designers, a maker of sterling silver jewelry since 1972, with an annual volume of about $20 million, according to industry estimates. Founder and president Mark Wasserman will continue to be involved with M.W. Samara and the company will continue to operate under the same name. “Since the inception of Haskell Jewels, we have been committed to expanding the spectrum of jewelry,” said Gabrielle Fialkoff Redford, chief operating officer of Haskell Jewels. “M.W. Samara is a leader in the sterling silver business, and through our acquisition, we are diversifying our company’s vision.”
This story first appeared in the June 26, 2008 issue of WWD. Subscribe Today.
– BAUGUR SELLS STAKE IN BOOKER: Baugur, the Icelandic investment group, has sold its 31.4 percent stake in U.K. food wholesale business Booker. Selling the Booker stake raised just more than 70 million pounds, or $137 million at current exchange. Baugur sold the stake, which it held as part of the investment vehicle Milton — of which it owned 71 percent — to Kaupthing Capital Partners and other institutional investors. Baugur acquired the stake in Booker as part of the Big Food Group, which it acquired for 326 million pounds, or about $641 million, in 2005. A spokeswoman for Baugur said Wednesday that the sale was in line with the group’s strategy to focus on retail investments. In April, the group said it had agreed to sell off its media, technology and financial investments to Stodir Invest and Styrkur Invest for 430 million pounds, or $836 million.