Wednesday, May 17, 2017 11:54:56 AM
Me: Good morning Berge,
Someone posted a rumor that you were shutting down the Fairfield location. Is that true? If so, will manufacturing take place somewhere else?
Thank you.
Berge: Mike, with our new strategy we’re looking to manufacture overseas in China and India and the factory in Fairfield is not needed. We’re consolidating all expenses. I’m looking forward to our potentials overseas opportunity, once we have it concluded we will announce it but nothing at this moment.
He followed up with: Mike, there are so many changes in the jewelry industry, price points are very important. That's why China and India is where to be for manufacturing. We will still have a small workshop for repairs etc... but the majority will be produced overseas.
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