Rogers Jewelers

JD Ford & Company represented the shareholders of Rogers Ltd. Inc., a retail jeweler with 52 locations throughout the Midwest, in the sale of its stock to Gitanjali Gems, Ltd, a jeweler based out of India. Gitanjali acquired Rogers to expand its footprint and is now one of the largest retail jewelers in the United States. One of the key issues in the sale was the difficult market environment and margin pressure Rogers experienced during the sale period. JD Ford & Company advised Rogers through detailed and complex negotiations and guided the shareholders through the comprehensive valuation and due diligence process. The transaction allowed our client to realize a substantial cash value for his ownership and enabled him to quietly exit the operation.