Retiring Jewelers Pass On Their Legacy to Loyal Employees
Posted April 12, 2024 by: Admin
In a heartwarming story that has captured the attention of many across the United States, the owners of a prosperous family-owned luxury jewelry chain have decided to retire and hand over their business to their most loyal and dedicated employees. What makes this story even more remarkable is that the transaction will not involve any monetary exchange, showcasing the owners’ trust and generosity towards their staff.
Harvey and Maddy Rovinsky, the proprietors of Bernie Robbins Jewelers, have been providing high-end jewelry products to customers through their stores in Philadelphia and New Jersey for over six decades. The couple has consistently offered a wide selection of prestigious watches, unparalleled diamond collections, and pieces crafted by world-renowned designers. “Since 1962, we have been selling the world’s most prestigious watches with an unmatched selection of diamonds and designs by globally recognized creators,” they proudly state.
However, as the Rovinskys approach their well-deserved retirement, they face the challenge of ensuring the continuity of their beloved business. “My wife and I are no longer young!” Mr. Rovinsky shared in a conversation with Fox News Digital. “We don’t have family members in the business, and we need a path for succession. You know, our runway is getting shorter, and if one or both of us face any issues, the company could disappear,” he explained, emphasizing the urgency of finding a suitable solution.
In an effort to secure the future of Bernie Robbins Jewelers, Harvey and his wife explored potential buyers who might be interested in acquiring their exclusive chain of stores after selling one of their boutiques last year. However, the couple struggled to find the ideal candidate who could truly uphold the legacy of the original founder, Bernie Robbins, Maddy’s father. None of the prospective buyers seemed genuinely qualified to carry on the company’s heritage.
Ultimately, the Rovinskys arrived at a mutual decision that had been staring them in the face all along. “We have always hired excellent employees. Many of them have been with us for 30 years, 25 years, 20 years. They are long-term employees and have become part of the family,” Harvey added, hinting at the individuals who will take over the company starting next year.
For Harvey and Maddy, entrusting their beloved jewelry stores to their current employees was the obvious choice and “the best thing to do” to ensure the brand’s continuity. “We thought to ourselves, ‘This is what has been staring us in the face all this time.’ Instead of trying to find a qualified buyer, why not hand the business over to the people who are already running it so successfully today?” Harvey recalled.
The couple firmly believes that their employees truly understand the company’s culture and values, and they have consistently demonstrated their passion for their work. “They comprehend what we want. They have always worked with dedication, and we have been fortunate that financial aspects have not been their primary motivation. We will continue the business with the people who genuinely know how to manage it,” Harvey added enthusiastically.
Harvey is confident that the new owners of the jewelry chain “really love the company” and will do their utmost to ensure its continued success. As a testament to their trust and appreciation, the employees have even requested that Harvey remain as CEO once the transition is formalized. “I am flattered and honored that they have asked me to stay, which I will gladly do until I annoy them enough, and they kick me out!” he joked.
While Mr. Rovinsky did not specify the exact number of employees who will become owners of the company, it is clear that the transition is expected to be finalized during the first quarter of 2024.
The inspiring story of the Rovinskys’ trust and generosity towards their loyal employees has touched the hearts of many. By passing on their legacy to those who have been by their side for decades, the couple has ensured that their life’s work will continue to thrive under the guidance of individuals who share their passion and values. This heartwarming example of a business prioritizing its people over profits serves as a reminder of the importance of fostering strong relationships and recognizing the dedication of those who contribute to a company’s success.
