Archive for July, 2007

John Hardy, founder of the namesake Bali jewelry brand, has sold his stake in the firm to company president Damien Dernoncourt and creative director Guy Bedarida. Terms of the deal were not disclosed, reported WWD. More from WWD:Hardy will become the brand's ambassador and continue to help provide creative vision. His wife, Cynthia, will be a merchandising consultant. Terri Eagle, who joined the company from competitor David Yurman in 2005, will retain the title of president and chief executive officer of John Hardy USA. Dernoncourt, 35, has been president since 2003, and Bedarida, 43, has been in his role since 1999. An unnamed private equity firm backed the deal and Lincoln International acted as a financial adviser. It is unclear whether Hardy owned the majority in the... Read More