The jeweler’s high jewelry collection features extraordinary gemstones, like a 241.06-carat emerald and the world’s fourth-largest spinel.
Links of London’s US Division Files Chapter 7
Its non-U.S. operations are unaffected by the bankruptcy petition filed in Delaware.
New York—FF Group announced that the U.S. subsidiary of Links of London has filed for bankruptcy, citing “substantial and sustained annual losses.”
Links of London Inc. filed for Chapter 7 bankruptcy on Oct. 18 in the U.S. Bankruptcy Court for the District of Delaware.
The brand’s operations outside the United States, including its Canadian subsidiary, are unaffected by the bankruptcy petition and will continue as normal, its parent company said.
The brand will close six U.S. standalone stores and nine shop-in-shops.
FF Group said it will continue to serve the brands’ customers through the e-commerce websites LinksofLondon.com and FolliFollie.com.
According to court documents, Links of London Inc. has an estimated 100-199 creditors, with estimated assets of between $1 million and $10 million but estimated liabilities of $10 to $50 million.
The brand launched in 1990, becoming known for its cufflinks, charms, and gold and silver designs. Athens, Greece-based Folli Follie acquired the company in 2004.
The parent company recently has had struggles of its own.
Hedge fund Quintessential Capital Management released a report earlier in the year claiming FF Group had overstated the number of outlets it operates and questioning its accounting practices in Asia. FF Group refuted the claim.
The claims led to an audit of company’s consolidated financial statements by Alvarez & Marsal, which revealed discrepancies in its 2017 financial statements and lead to the resignation of founders Dimitris Koutsolioutsos and Ekaterini Koutsolioutsou in September, according to local reports.
FF Group also said in October that it would have to default on several loans that came due earlier than anticipated.
The company now is restructuring operations—the Links of London U.S. bankruptcy is part of that—and looking for new investors.
The Latest

In a special column for the State of the Majors, Edahn Golan breaks down what the top-performing fine jewelry sellers are doing right.

The nonprofit focused on mining communities in East Africa has added three new members to its advisory council.

Gain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.

The company's Series A shares will continue to trade following a reverse stock split while its Series B shares will be delisted.


Communicating clearly with your staff is key to navigating turbulent times, writes columnist Peter Smith.

The “Inner Journey” collection debuted as the brand celebrated its 25th anniversary, with designs inspired by Morais’ journey.

Supplier Spotlight Sponsored by GIA

Tanishq is expanding its presence in the United States with a new store in Santa Clara, California, which is its largest in the country.

Sales for Richemont’s four jewelry brands increased 8 percent, while watch sales picked up toward the end of the year.

Two scholarships are available, one for new and non-members and another for NAJA certified members.

The retailer’s new flagship is set to open in October at the Tuscan Village development in Salem, New Hampshire.

Sapphires, emeralds, and rubies are finding their place in a U.S. market captivated by the gemstones once referred to as “semi-precious.”

Plus, parent company Saks Global announces plans to cut ties with up to 600 vendors.

Peter Smith joined Michelle Graff to chat about the state of brick-and-mortar stores and share a few book and podcast recommendations.

The necklace features a candy-colored Australian white opal in 18-karat Fairmined gold, as the brand was named a Fairmined ambassador.

Sponsored by the Las Vegas Antique Jewelry and Watch Show

A private American collector purchased the 10-carat fancy vivid blue diamond.

The designer has taken the appeal of freshly picked fruit and channeled it into a capsule collection of earrings, necklaces, and pendants.

The country’s gem and jewelry exports fell 5 percent year-over-year last month, while imports declined 18 percent.

Around 54 million Americans and counting live with a disability. Here’s how to make your jewelry store and website more accessible.

The event is also accepting poster submissions now through June 16.

Before Pope Leo XIV was elected, a centuries-old procedure regarding the late pontiff’s ring was followed.

The one-of-a-kind platinum Rolex Cosmograph Daytona was estimated to fetch up to $1.7 million.

While the product has entrenched itself in the market, retailers and consultants are assessing the next phase of the category’s development.

The police are trying to identify the man suspected of robbing two Tiffany & Co. locations in the area.

The well-known Maine jeweler takes over for Brian Fleming and will serve a one-year term.