Merging costume jewelry assets, K&M Accessories announced today that it will acquire the assets of Robert Rose Jewelry, previously owned by Collection 18.
Terms regarding the sale could not be learned. K&M is the producer of private label costume jewelry for Tahari, Guess and Jessica McClintock among other brands as well as in-house jewelry lines.
With the acquisition, K&M hopes to “offer retailers innovative products and operational excellence that deliver top-line growth opportunities for customers,” according to a statement.
The firm noted: “As the retail landscape continues to transform, vendors who provide economies of scale will be able to offer retailers superior customer service, significant margin opportunity and a wider product assortment.”
Drew Pizzo, president of Collection 18, said in a statement: “We are confident that Robert Rose’s compelling product offering combined with K&M’s global reach and operational strengths will provide our customer base with the most reliable source for trend-right fashion jewelry.”
Todd Marcus, president for K&M Accessories, said: “We are thrilled to welcome Robert Rose and its clients to the K&M family. Our entire team is excited by the opportunity to deliver all of our retail partner’s products with a fresh point of difference. Robert Rose has consistently brought energy, excitement and emotion to the fashion jewelry industry and our united organization provides a platform for us to grow together.”