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Spence Diamonds

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Spence Diamonds
File:Spence Diamonds logo.png
Private
ISIN🆔
IndustryRetail
Founded 📆1978; 47 years ago (1978)
Founder 👔
Headquarters 🏙️Vancouver, British Columbia
Number of locations
8
Area served 🗺️
Key people
Eric Lindberg (Executive Chairman)
Products 📟 Diamond jewellery
OwnerLion Capital LLP
Members
Number of employees
🌐 Websitespencediamonds.com
📇 Address
📞 telephone

Spence Diamonds is a Canadian retailer of diamond jewellery owned by the British firm Lion Capital. It was founded in Vancouver in 1978. As of September 2021, the chain operated eight locations across 3 Canadian provinces.

History[edit]

The company purchased three stores in Houston in 2009, but sold them and ceased U.S. operations in early 2011 before re-entering the American market a few years later.[1]

In April 2015, Lion Capital acquired Spence Diamonds in a $125 million deal.[2]

Eric Lindberg, the company's chairman, announced plans to expand Spence Diamonds to over 40 locations in North America during a July 2018 interview with Retail Insider.[3]

References[edit]

  1. Wollam, Allison (14 January 2011). "Robbins Bros. buys back stores in Houston, Spence Diamonds exits - Houston Business Journal". Houston Business Journal. Retrieved 2019-07-04.
  2. Primack, Dan (8 April 2015). "Lion Capital buying Canada's Spence Diamonds". Fortune. Retrieved 20 July 2018.
  3. Toneguzzi, Mario (11 July 2018). "Spence Diamonds Plans Aggressive Expansion Across North America". Retail Insider. Retrieved 20 July 2018.

External links[edit]


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