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What was Whitehall Jewelers?

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Quick Answer

As of 2014, Whitehall Jewelers is the formal name of Whitehall Jewelers Incorporated: a company that once operated 386 fine jewelry retailers in 38 states in the United States before going bankrupt in 2008. The company formally changed its name on August 2007 from Whitehall Jewellers Incorporated.

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Full Answer

In August 2008, Whitehall Jewelers began the liquidation process, selling its shops' remaining stock at under-market prices. The liquidation occurred just months after the company acquired another jewelry retailer company called Friedman's Jewelers. In 2006, Whitehall Jewelers had recorded a net loss of $84 million and, as of its bankruptcy date, failed to find a buyer or fresh investors for the company.

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