IndependentsNov 12, 2021
This Jewelry Store Chain Is Now Employee-Owned MajorsJan 13, 2022
Robbins Brothers’ Management Buys Back Company
The jewelry store chain was sold to a private equity firm as part of bankruptcy proceedings in 2009.
The management team of jewelry store chain Robbins Brothers was recently bought back from a private equity company. (Image courtesy of Robbins Brothers’ website)
Azusa, Calif.—Robbins Brothers’ management has bought back the company after selling it during bankruptcy proceedings in 2009.
The California-based jewelry store chain filed for Chapter 11 bankruptcy protection in March 2009.
At the time, the company had $66 million in assets and $77 million in liabilities, and more than 1,000 creditors.
As part of the proceedings, the company split itself into two parts to sell.
It sold some of its stores in Illinois and Texas to Canadian jewelry company Spence Diamonds. Weston Presidio Capital IV, which already owned 40 percent of the company at the time, purchased the remaining assets.
In January 2014, Weston Presidio Capital sold the company to private equity firm Comvest Partners.
The leadership team at Robbins Brothers, with the help of Main Street Capital Corporation and its co-investors, gathered the funds to buy the company back from Comvest Partners via a mix of first-lien, senior secured term debt and a direct equity investment.
Robbins Brothers was founded in 1921 as a family business, opening its first store in Seattle and later branching out to California and beyond.
The current leadership team includes CEO Marc Friedant, Vice President of Stores Mark Pimental, Vice President of Merchandising Susan Davidson Hopeman, and Vice President of Marketing Kris Land.
The company tied at No. 37 on National Jeweler’s 2021 State of the Majors “Top 50 Specialty Jewelers” list.
“Robbins Brothers differentiates itself through its unwavering dedication to superior services, best-in-class selection, a comforting ambience and a steadfast commitment, which results in attractive unit economics,” said Diego Fernandez, managing director at Main Street, in a press release about the buyout.
The company said it will host in-store and online initiatives to drive sales growth and improve profitability.
“The company successfully navigated the challenging early stages of the pandemic and emerged with exciting same-store sales and profitability performance, while setting the stage for our future growth initiatives,” said Robbins Brothers President and CEO Marc Friedant.
Robbins Brothers operates 15 stores in Arizona, California, Texas, and Washington.
More on Majors
The Latest
CrimeNov 03, 2025
Men Dressed as Construction Workers Burglarize Jeweler’s Home The NYPD is looking for three men who stole a safe and jewelry valued at $3.2 million from the home of a jeweler in Jamaica Hills, Queens.
CollectionsNov 03, 2025
Muse’s ‘Have a Heart’ Collab Returns, Now With DDGThe “Have a Heart x Diamonds Do Good” collection is championed by model and humanitarian Flaviana Matata and will benefit her foundation.
AuctionsNov 03, 2025
Kashmir Sapphire Ring Tops Christie's Online AuctionThe ring, set with a nearly 17-carat Kashmir cabochon sapphire, sold for $1 million.
Brought to you by
Jewelers of America Aligns New Mission to Create Meaningful Impact for MembersFrom educational programs, advocacy, and recent MJSA affiliation, Jewelers of America drives progress that elevates businesses of all sizes.
TrendsOct 31, 2025
Piece of the Week: A Spinner Fit for ‘Frankenstein’This “Mother Father” spinner necklace from Heavenly Vices Fine Jewelry draws inspiration from Victorian Era jewelry.
Weekly QuizOct 30, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
CrimeOct 31, 2025
5 More Arrested in Louvre Heist, Jewelry Still Missing The suspects were rounded up in Paris and its suburbs on Wednesday night, but none of the stolen jewels were recovered with them.
Recorded WebinarsOct 31, 2025
Watch: How to Master Google Reviews for Your BusinessExperts share top tips on how to encourage positive reviews and handle negative feedback.
Supplier BulletinOct 30, 2025
Protect Your Customers and Your BusinessSponsored by the Gemological Institute of America
CrimeOct 30, 2025
29-Year-Old Man Charged in Multiple Seattle-Area Smash and Grabs The suspect faces charges in the August robbery of Menashe & Sons Jewelers and is accused of committing smash and grabs at two pawn shops.
Lab-GrownOct 30, 2025
Alison Lou’s New Collection Uses Lab-Grown Diamonds and ResinThe “Lumière Fine” collection was born from designer Alison Chemla’s interest in the transformative power of light.
TrendsOct 30, 2025
Amanda’s Style File: A Haunted HalloweenShow off your spooky side with these 12 festive jewels.
Events & AwardsOct 30, 2025
Jewelers Mutual to Host Jewelry Panel at Frazier History MuseumThe “Brilliant & Beyond” panel coincides with the “Love & Marriage” exhibition curated by Davis Jewelers in Louisville, Kentucky.
Events & AwardsOct 29, 2025
October Brings Little Change to Consumer Confidence Consumers are feeling more optimistic about their present situation while the short-term future remains a little scary.
Events & AwardsOct 29, 2025
Couture Partners With Time to WatchesThe company, which organizes a watch show in Geneva every spring, will bring a selection of watch brands to the 2026 Couture show in Vegas.
TrendsOct 29, 2025
Beth Bernstein Releases Vintage Jewelry Guide“The Modern Guide to Vintage Jewellery” follows the evolution of jewelry design from the ‘30s to the ‘80s with buying and styling advice.
EditorsOct 29, 2025
Why Creepy, Crawly Bugs Inspire Beautiful JewelryFor her annual Halloween story, Senior Editor Lenore Fedow explores the symbolism behind spiders, beetles, and other eerie insects.
Events & AwardsOct 28, 2025
Meet the 2026 Gem Award NomineesNotable jewelry designers, members of the press, and retailers are up for an award at next year’s gala.
Recorded WebinarsOct 28, 2025
Watch: The State of the Jewelry Industry Leaders from Jewelers of America and National Jeweler discuss the gold price, tariffs, and more in this one-hour webinar.
CollectionsOct 28, 2025
Eriness Reflects on Life in ‘One of One’ CollectionAfter experiencing motherhood, growth, and loss, founder and designer Erin Sachse has created 10 irreplaceable jewels.
AuctionsOct 27, 2025
Napoleon Left This Brooch Behind, And Now It’s Up For AuctionIt is part of Sotheby’s “Royal & Noble Jewels” sale along with an ornate hair ornament and an old mine-cut light pink diamond ring.
CrimeOct 27, 2025
Arrests Made in Louvre Jewel Heist One of the individuals was apprehended at the airport as he was trying to flee the country.
Events & AwardsOct 27, 2025
Hill Management Group Hired to Help Atlanta Jewelry ShowHill Management Group will oversee, market, and produce next year’s spring show.
AuctionsOct 24, 2025
Bonhams Under New Ownership, Top Executives ReplacedLondon-based investment firm Pemberton Asset Management acquired the auction house for an undisclosed amount.
GradingOct 24, 2025
DMIA to Hold Diamond Testing Instrument DemoThe workshop will give attendees the chance to try out and ask questions about three different diamond verification instruments.
CrimeOct 24, 2025
Video Emerges of Louvre Jewelry Robbers Fleeing the Scene The footage shows two of the jewelry heist suspects descending from the second floor of the museum and then escaping via scooter.
CollectionsOct 24, 2025
Piece of the Week: Wyld Box Jewelry’s ‘Ray of Light’ EarringsFounder and designer Rosanna Fiedler looked to a vintage Cartier clutch when designing the sunlight-inspired drop earrings.
