"I am pleased to have found an outstanding strategic buyer to continue the legacy of this luxury fine jewelry brand. I am excited to see the new vision of Judith Ripka fine jewelry."
"Fuzion supplies jewelry brands to retailers and has been in business for over 40 years, with a portfolio that includes several other jewelry brands."
"Xcel bought Judith Ripka for $20 million in 2014, when it was generating approximately $100 million in sales and was considered a good fit for Xcel's portfolio."
"Xcel Brands now specializes in building influencer-led brands through social commerce and live streaming, managing a diverse range of consumer products."
Xcel Brands sold the Judith Ripka jewelry brand to Fuzion Creations for about $3 million. Robert D'Loren expressed satisfaction in finding a strategic buyer to continue the brand's legacy. Fuzion Creations, a wholesale manufacturer with over 40 years of experience, adds Judith Ripka to its portfolio. Xcel previously acquired Judith Ripka for $20 million in 2014, when it was generating around $100 million in sales. Xcel now focuses on influencer-led brands through social commerce and live streaming.
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