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Michael Anthony Jewelers history
Michael Anthony Jewelers company history timeline
Michael Anthony Jewelers was founded in 1977 by two young men from New York City: Michael Paolercio, the new company's president and chief executive officer, and his younger brother Anthony Paolercio, Jr., chief operating officer.
In 1978, he branched out from Corbo Jewelers and founded Michael Anthony Jewelers.
The company went public in October 1986, garnering about $10.5 million in proceeds from the sale of more than 30 percent of the outstanding shares of common stock.
Michael Anthony Jewelers was, in 1987, manufacturing and selling its products to more than 1,200 customers throughout the United States.
The company also was importing 14-karat gold chains from Italy, and these imported chains accounted for half of net sales in fiscal 1988.
These measures put the company back into the black, even though net sales dropped to $85.4 million in fiscal 1990.
In 1991, Michael Anthony Jewelers entertained an acquisition offer of about $50 million from Jan Bell Marketing Inc., but the deal was not effected.
During fiscal 1992 sales fell to $112.7 million, and Michael Anthony Jewelers lost $369,000.
The company earned $5 million on record revenues of $142.8 million in fiscal 1994 and, late in the calendar year, purchased the Mount Vernon quarters it had been leasing.
During fiscal 1996 (the year ended January 31, 1996), the company reported net income of only $728,000 on net sales of $145.3 million.
In 1997 Michael Anthony Jewelers was offering a broad selection of handcrafted gold and silver jewelry.
Sales of licensed products accounted for about 11 percent of net sales in fiscal 1997.
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Michael Anthony Jewelers competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| The Athlete's Foot | 1971 | $28.0M | 127 | - |
| Go! Retail Group | 1993 | $130.0M | 560 | 32 |
| H | 1989 | $7.7M | 50 | 53 |
| Burton Snowboards | 1977 | $260.0M | 600 | 9 |
| Rowley Company, LLC | - | $48.0M | 50 | 1 |
| Swains | 1957 | $11.6M | 20 | - |
| Unique Enterprises | - | - | - | 10 |
| Churchill Living | 1970 | $79.0M | 247 | 9 |
| Jade Equipment | 1947 | $22.1M | 200 | - |
| Aquarius | - | $900,000 | 50 | 37 |
Michael Anthony Jewelers history FAQs
Zippia gives an in-depth look into the details of Michael Anthony Jewelers, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Michael Anthony Jewelers. The employee data is based on information from people who have self-reported their past or current employments at Michael Anthony Jewelers. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Michael Anthony Jewelers. The data presented on this page does not represent the view of Michael Anthony Jewelers and its employees or that of Zippia.
Michael Anthony Jewelers may also be known as or be related to MICHAEL ANTHONY HOLDINGS INC, Michael Anthony Holdings Inc, Michael Anthony Holdings, Inc., Michael Anthony Jewelers and Michael Anthony Jewelers, Inc.