Gunderson’s To Acquire JB Hudson Jewelers

MajorsMar 09, 2021

Gunderson’s To Acquire JB Hudson Jewelers

The Minneapolis-based retailer will continue to serve customers under the JB Hudson name, for now.

Family-owned Gunderson’s Jewelers has acquired Minneapolis jeweler JB Hudson.
Sioux City, Iowa—Gunderson’s Jewelers has acquired JB Hudson Jewelers, a 136-year-old retailer, from The Pohlad Companies.

Financial terms of the deal were not disclosed.

Josiah B. Hudson founded JB Hudson Jewelers in 1885, setting up shop in Minneapolis.

The store survived a fire and a relocation, changing hands a few times before being sold to Pohlad in 2007.

Following the sale, Gunderson’s will continue to build on JB Hudson Jewelers’ legacy of “outstanding” customer service, said Ben Hawn, Pohlad Companies chief of staff, in a press release about the acquisition.

It will continue to operate as JB Hudson Jewelers “for the near future,” a spokesperson confirmed to National Jeweler.

“We have admired JB Hudson for years and are very excited about the opportunity to bring Gunderson’s to the Twin Cities,” said Brian Gunderson, Gunderson’s CEO and owner, in a statement. 

Gunderson’s is an independent, family-owned retailer founded in 1945 by George Gunderson. It got its start as a watch repair shop in Sioux City, Iowa.

Over time, it evolved into a full-service jeweler, becoming one of the largest independent jewelers in the Midwest and opening additional stores in Omaha, Nebraska; Sioux Falls, South Dakota; and Fargo, North Dakota.

“We look forward to becoming part of the Twin Cities community and bringing our expertise and integrity to JB Hudson’s customers,” said Gunderson. 

The acquisition is expected to close March 31.
Lenore Fedowis the associate editor, news at National Jeweler, covering the retail beat and the business side of jewelry.

The Latest

WatchesApr 22, 2021
Check Out All Patek Philippe’s 2021 Newness

The watchmaker showed what’s new in Nautilus, revamped Calatrava models, and a brand-new perpetual calendar.

Policies & IssuesApr 22, 2021
US Government Sanctions Burmese State-Owned Pearl Co.

Myanmar Pearl Enterprise handles oyster fishing and breeding, as well as the culturing, harvesting, and selling of pearls.

Events & AwardsApr 22, 2021
BIJC, Ben Bridge Introduce a New Scholarship

Named for the late Lonia Tate, the scholarship is for the Graduate Gemology program at GIA, with an internship at the jeweler to follow.

Brought to you by
A New Golden Age

Gold has had its share of ups and downs over the last 5 decades. Here’s why the metal is having another big comeback.

Events & AwardsApr 22, 2021
IEG Pushes Oroarezzo Italian Jewelry Trade Show to 2022

It was originally slated for June 12-15 at the Expo Centre in Arezzo, Italy.

Weekly QuizApr 16, 2021
This Week's Quiz
Test your knowledge of jewelry news from the week of April 12-16, 2021.
Take the Quiz
SourcingApr 21, 2021
Why Inclusivity Is Important in Diamond Traceability

As the importance of mine-to-market grows, some worry about its feasibility for all the diamond industry’s players.

CollectionsApr 21, 2021
Alrosa’s ‘Luminous’ Collection Leans Into Fluorescence

The diamond miner and seller is marketing the stones for their glow.

Brought to you by
4 Reasons You Need This Program for Mother’s Day

Learn how to increase customer loyalty and revenue by making JM™ Care Plan a cornerstone of your business plan.

Recorded WebinarsApr 21, 2021
Watch: A Conversation With 3 ‘Young Diamantaires’

Khomotso Ramodipa, Sarah Russell and Kevin Vantyghem reflect on the market before and during COVID, and share thoughts on what’s next.