House of Taylor Jewelry, Inc. and PD Financial Corp. Expand Relationship to Establish Exclusive Consumer Jewelry Catalogs and Web Portals
“PD has experienced significant growth during 2007 and we see a significant opportunity to further expand our market with House of Taylor Jewelry(R) and Kathy Ireland Jewelry(TM),” stated Ron Drori, Chief Executive Officer of PD Financial. “We clearly see the retail advantage of the House of Taylor Jewelry(R) and Kathy Ireland Jewelry(TM) brands. These brands enjoy very high consumer awareness and bring powerful brand value to our joint activities.
Globally, we believe that Elizabeth Taylor is synonymous with exquisite diamonds and jewelry. Forbes and Newsweek have reported the impressive growth of Kathy Ireland Worldwide lifestyle brands in the home and fashion categories, with over $1 billion in annual retail sales.
Based on the initial success that we have had with HOTJ’s Kathy Ireland Jewelry(TM) on our PeachDirect website, we are pleased to substantially expand our relationship with HOTJ in the fine jewelry, bridal, fashion and jeweled accessories categories. In addition, the companies plan to work together with the international diamond industry to develop and launch a branded Business-to- Consumer loose diamond platform.
HOTJ’s expertise in designing and developing fine jewelry combined with its ability to directly source diamonds and other gemstones will be a key factor in our business success.