Previously competitors in the bridal jewellery segment, Frederick Goldman has purchased the assets of Scott Kay for an undisclosed amount. According to Chairman and CEO of Frederick Goldman, Jonathan Goldman, the deal was not on the table prior to the tragic death of Scott Kay.
The Scott Kay brand will continue to operate out of its Teaneck, N.J. headquarters as a wholly owned subsidiary of Frederick Goldman. According to Goldman, most of the staff will continue with the Scott Kay brand, including Tiffany Kay, Scott’s daughter and VP of merchandising.
David Minister, CEO of Scott Kay, will be leaving his position while Adam Gurian, Frederick Goldman’s executive VP of global sales and merchandising, will step into the role of general manager for Scott Kay and will operate out of the NYC headquarters.
According to Goldman, the purchase was made due to Scott Kay’s strong brand name recognition, higher price points and a vast array of high quality designs left behind by Scott Kay. <>bCJ