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Industry vet Bergman joins The Gordon Co.

May 21, 2008

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Ft. Lauderdale, Fla.—Industry veteran Ira Bergman, former president of the jewelry division of M. Fabrikant and Sons and Fabrikant-Tara International, is the new director of business development for The Gordon Co.

The New York-based Gordon Co. specializes in managed liquidations of retail jewelry, to either reduce excess inventory or close a business.

In his new role, Bergman will work closely with vendors and retail jewelers.

"We are truly honored to have Ira's expertise here at the Gordon Company," Gordon Co. President Phil Holden said in a media release. "He is one of the most respected and knowledgeable individuals in the industry, and his insights will be extremely valuable to The Gordon Company as we continue to build our relationships with jewelers throughout the country."

Bergman began his jewelry career at Mercury Ring Corp., a diamond and bridal jewelry manufacturer founded by his father in 1944.

He joined M. Fabrikant and Sons in the 1980s as an executive vice president, leaving the day-to-day management of Mercury Ring Corp. to his wife, Phyllis.

As executive vice president and later president of the jewelry division, he managed sales programs and oversaw all business development, including new product rollouts, key account management, customer relations and contract negotiations.

The business plan he created resulted in a $150 million increase in net sales.

Fabrikant filed for Chapter 11 bankruptcy protection in fall 2006. The company auctioned off a majority of its assets to lenders in May 2007.

Prior to his hiring by The Gordon Co., Bergman had been consulting on client retention, customer relations, sales growth and strategic planning for several companies in the jewelry industry.

Bergman is a member of the 24 Karat Club of New York, and a former board member of the Plumb Club and the Manufacturing Jewelers Association.
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