Finlay Enterprises Closing All Specialty Jewelry Stores

Going-Out-of-Business Sales Underway at Bailey Banks & Biddle, Congress Jewelers, Carlyle & Co., J.E. Caldwell, Park Promenade and Zell Bros. Jewelers

NEW YORK, Sept. 25 /PRNewswire/ -- Finlay Enterprises, one of the nation's leading retailers of fine jewelry, is closing all specialty jewelry store nameplates which include Bailey Banks & Biddle, Congress Jewelers, Carlyle & Co., J.E. Caldwell, Park Promenade and Zell Bros. Jewelers.

Going-Out-of-Business sales begin storewide Saturday, September 26th and will last until all inventory is sold. Unprecedented savings can be found at all 104 stores across 27 states.

Existing gift cards will be honored for the duration of the sale.

All Bailey Banks & Biddle, Congress Jewelers, Carlyle & Co., J.E. Caldwell, Park Promenade and Zell Bros. locations are offering tremendous savings on famous brands such as Mikimoto, Rolex, John Hardy, Roberto Coin, Baume & Mercier, Bulgari, Cartier, Chopard, Ebel and more. Brands and merchandise vary by location.

For a complete list of stores, please visit http://www.gbcorp.com/finlay.

Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the retail, consumer products, real estate and industrial sectors, is running the Going-Out-of-Business sales on Finlay's behalf.

"This historical event will mark the end of an era," said William Weinstein, Chief Investment Officer at Gordon Brothers Group. "Consumers will find great values at every store location. Those who arrive first will be able to choose from the broadest selection of merchandise while getting a jump start on the holiday buying season."

Finlay began as a mail order house for fine jewelry in 1887 and grew to become a leading retailer of fine jewelry, operating luxury stand-alone specialty jewelry stores and licensed fine jewelry departments in department stores throughout the United States.

About Finlay Enterprises

Finlay Enterprises, Inc., through its wholly-owned subsidiary, Finlay Fine Jewelry Corporation, is a retailer of fine jewelry operating luxury stand-alone specialty jewelry stores and licensed fine jewelry departments in department stores throughout the United States. With the acquisition of Carlyle & Co., which operates under the Carlyle, J.E. Caldwell and Park Promenade nameplates, Congress Jewelers and Bailey Banks & Biddle, Finlay Fine Jewelry Corporation returned to operating freestanding luxury stores. Finlay Fine Jewelry Corporation currently operates 104 specialty retail stores under the six different nameplates.

About Gordon Brothers Group

Founded in 1903, Gordon Brothers Group (www.gordonbrothers.com) is a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial and real estate sectors. Gordon Brothers Group maximizes value for both healthy and distressed companies by purchasing or selling all categories of assets, appraising assets, providing debt financing, making private equity investments, and operating businesses for extended periods. Gordon Brothers Group conducts over $50 billion in transactions and appraisals annually.

SOURCE Gordon Brothers Group