Finlay Enterprises, Inc. · New York, NY United States ·(OTC: FNLY)

Finlay Enterprises used to get the most from the leased. The company operates about 100 upscale jewelry stores under the Bailey Banks & Biddle, Carlyle & Co. Jewelers, and Congress Jewelers banners. It also has about 80 licensed jewelry departments with Bon-Ton Stores. Its Finlay Fine Jewelry unit was the top operator of leased jewelry departments in the US, selling moderately priced fine jewelry such as necklaces, earrings, bracelets, rings, and watches in host department stores. Battered by the deep recession in the US, which has depressed demand for discretionary purchases such as jewelry, Finlay filed for Chapter 11 bankruptcy protection in 2009, auctioned its assets, and began closing all of its stores. To read the full description, subscribe now.