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| Type | Private |
|---|---|
| Founded | Providence, Rhode Island, 1971[1] |
| Headquarters | Providence, Rhode Island, USA |
| Key people | Jim Fleet CEO[2] Michael Reynolds(EVP Marketing) Steve Sylvia (VP Finance, CFO) Jim Galle (VP Sales)[3] |
| Products | Jewelry, Cigarette Lighters |
| Revenue | $31.9 mil. (2007)[3] |
| Employees | 433 (2007)[3] |
| Subsidiaries | Colibri Seth Thomas Clock Company Krementz Jewelry Dolan-Bullock |
| Website | TheColibrigroup.com |
The Colibri Group is a corporation based in Providence, Rhode Island, whose subsidiaries design, manufacture, and sell jewelry and other high-end luxury accessories.
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Products and Brands
The Colibri Group's subsidiaries design, manufacture, and sell a variety of men's and women's jewelry, pens, money clips, timepieces, cigarette lighters, and other accessories. Subsidiaries include Colibri, Dolan Bullock, Krementz, Daring Diamonds, and Seth Thomas.[1] The company also has licensing and distribution agreements with other prominent companies, such as S.T. Dupont, Movado, Disney, Nickelodeon and Crayola.[2]
History
The Colibri Group was purchased in 1971, by Fred Levinger and his father, who set up headquarters in Providence, Rhode Island.[1]
In 2005, CEO Fred Levinger announced that The Colibri Group had reached a deal with three investors: Founders Equity, Main Street Resources and Citic Provident, to sell the majority share of the company to them. CITIC Provident, a private equity subsidiary of China's CITIC Group announced its intentions to use this deal to increase its presence in China.[4][5]
In 2007, it was announced that Jim Fleet had been appointed CEO. At this time, he announced his intention to relocate and centralize the company to one location in East Providence, Rhode Island. [2]
References
- ^ a b c "Colibri Company Description". Hoovers.com.
- ^ a b c "The Colibri Group Looks to the Future, Focuses on Core Strengths". Business Wire (2007-11-16).
- ^ a b c "Colibri Group Fact Sheet". Hoovers.com.
- ^ "China's CITIC Provident Partners to Buy Colibri Group of US". AFX News Limited (2005-07-06). Retrieved on 2008-02-27.
- ^ Beth Braverman (2005-07-16). "Colibri Group sells investors majority stake". National Jeweler.
