The homeowners of a luxurious chain of jewellery shops hand over possession to their staff.
Harvey and Maddy Rovinsky They’ve owned Bernie Robbins Jewelers for 57 years, however once they began serious about retirement to spend time with their grandchildren, they realized that nobody can be higher to take over than their workers, a few of whom have labored on the firm for 20 and 30 years. 12 months.
Bijouterie, which has three shops in New Jersey and Pennsylvania, was based by Maddy’s dad and mom in 1962, in line with the corporate’s web site.
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Courtesy of Bernie Robbins Jewelers | Homeowners Harvey and Maddy Rovinsky.
The Rovinskys advised Fox Enterprise that they don’t have any household concerned within the enterprise and wish a “succession path” if the corporate is to proceed after they retire.
“We mentioned, ‘You understand, this has been in entrance of our eyes all this time. As an alternative of looking for a professional purchaser, why do not you give it to the people who find themselves operating it efficiently now,'” Rovinsky advised Fox Enterprise. “They perceive our tradition, they perceive what we wish. They did it, they ran it and we had been fortunate that the cash side was not the motivation. So we’ll proceed the enterprise with individuals who know how one can run it.”
Harvey Rovinsky mentioned staff have requested him to function the corporate’s CEO because the enterprise transitions to new employee-led possession in early 2024.
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“I am flattered and honored that they requested me to remain, which I am pleased to do till I piss them off sufficient and so they fireplace me,” Rovinsky joked.