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The homeowners of an upscale jewellery retailer chain are handing possession over to their workers.
Harvey and Maddy Rovinsky have been the homeowners of Bernie Robbins Jewelers for 57 years, however after they began to consider retirement to spend time with their grandchildren, they realized nobody could be higher to take over the enterprise than their employees, a few of whom have been with the corporate or 20 and 30 years.
The jewellery enterprise, which has three shops in New Jersey and Pennsylvania, was based by Maddy’s mother and father in 1962, based on the company’s website.
Courtesy of Bernie Robbins Jewelers | Homeowners Harvey and Maddy Rovinsky.
The Rovinskys advised Fox Enterprise that they haven’t any household concerned within the enterprise, they usually wanted a “path for succession” if the corporate have been to proceed after they retire.
“We mentioned, ‘You already know, this has been proper in entrance of our faces all this time. As a substitute of looking for a professional purchaser, why not give it to individuals which can be efficiently operating it now,'” Rovinsky advised Fox Business. “They perceive our tradition, they perceive what we would like. They have been doing it, they have been operating it and we have been lucky that cash facet was not a motivation. So we’ll proceed the enterprise with the people who know tips on how to run it.”
Harvey Rovinsky mentioned workers requested him to be the corporate’s CEO because the enterprise transitions to the brand new, employee-led possession in early 2024.
“I am flattered and honored that they’ve requested me to remain on, which I shall be joyful to do till I annoy them sufficient they usually fireplace me,” Rovinsky joked.
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